SKT - Tanger Factory Outlet Centers, Inc.

NYSE - NYSE Delayed Price. Currency in USD
15.12
+0.02 (+0.13%)
At close: 4:04PM EST
Stock chart is not supported by your current browser
Previous Close15.10
Open15.15
Bid0.00 x 900
Ask0.00 x 1800
Day's Range14.95 - 15.25
52 Week Range13.61 - 23.68
Volume2767315
Avg. Volume2,502,071
Market Cap1.4B
Beta (5Y Monthly)0.62
PE Ratio (TTM)12.00
EPS (TTM)1.26
Earnings DateFeb 11, 2020 - Feb 17, 2020
Forward Dividend & Yield1.42 (9.40%)
Ex-Dividend Date2019-10-30
1y Target Est15.00
  • Simon Property Group Is Preparing Its Balance Sheet for Armageddon
    InvestorPlace

    Simon Property Group Is Preparing Its Balance Sheet for Armageddon

    Shopping centers continue to die, leaving behind vast swaths of undeveloped parking lots. This undiscovered country makes Simon Property Group (NYSE:SPG), the largest owner of shopping malls in the United States, worthy of investment.Source: Jonathan Weiss / Shutterstock.com But if that doesn't excite you, take time to consider the dividend, $8.40 over the last year with a yield of 5.6%. That's what you get with a real estate investment trust. These companies are required to give you their earnings.While best known for owning giant malls like the 110-acre Roosevelt Field on Long Island, Simon's focus these days is on outlet malls. It competes there with Tanger Factory Outlet Centers (NYSE:SKT). Both stocks have been losers for years as the e-commerce boom rolls on.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhere is the hope in buying companies like this? It's in the real estate. RedevelopmentJust because yesterday's shopping mall of department-store anchors, small shops on air-conditioned walks and acres of surrounding parking is dying, the land isn't necessarily worthless.Simon Property Group has 20 projects underway right now, aimed at transforming its malls into destinations with hotels, or sporting venues with poker and e-sports.The REIT is in a good position to be a developer because it has a low ratio of debt to equity and can easily cover its debt payments. It has $7 billion in liquidity and $1.5 billion in retained cash flow. It has the cash to buy out more troubled rivals and to rebuild its own holdings. Its budget for such work now comes to over $1 billion per year. * The 10 Worst Dividend Stocks of the Decade From a technical perspective, the stock is a bargain right now. As InvestorPlace's Vince Martin notes, the shares are at a five-year low. The $32 billion in assets are highly tangible, many of them desirable suburban locations. You have a balance sheet prepared for Armageddon with a yield better than AT&T (NYSE:T).What else would an income investor need? The Bear CaseThere is a bear case to be made on Simon.It starts with the stock price, which is down 20% over the last five years. Dividend returns are barely keeping up with the deterioration. Long-term technical indicators say "sell it."Then there's management. Its big move this century has been to expand into outlet malls. Tanger, which is more heavily into outlet malls than Simon, has lost more than half its value over the last five years. The strategy of moving into outlets looks unsound. The real estate is less valuable, and the merchandise is all moving online.There may be more questionable decisions on the way. CEO David Simon told his July conference call the company is looking to buy out some tenants, the chain stores closing in retailing's Armageddon. That worked three years ago with Aeropostale. If Simon is going to become a retailer, and not a mall operator, that means it's a riskier play. This adds to the bear case. The Bottom Line on Simon Property GroupSimon Property Group is distressed merchandise, but it will pay you to own it.At its Dec. 12 opening price of $145.58, it's selling at trailing price-to-earnings ratio of 19.4, despite having one of the best dividends around.If you're the kind of investor who likes to buy when everyone around you is screaming "sell," then hold for up to 5 years on hopes of an uptick, Simon Property Group is your kind of deal. It's a good speculation for an income investor with a long-term view. That's why many stock sites are now filled with punters screaming "buy, buy, buy."They might be right.Dana Blankenhorn is a financial and technology journalist. He is the author of the historical mystery romance The Reluctant Detective Travels in Time available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post Simon Property Group Is Preparing Its Balance Sheet for Armageddon appeared first on InvestorPlace.

  • Hedge Funds Have Never Been More Bullish On Tanger Factory Outlet Centers Inc. (SKT)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Tanger Factory Outlet Centers Inc. (SKT)

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • Should Value Investors Pick Tanger Factory (SKT) Stock?
    Zacks

    Should Value Investors Pick Tanger Factory (SKT) Stock?

    Is Tanger Factory Outlet (SKT) a great pick from the value investor's perspective right now? Read on to know more.

  • Reuters

    Mauled mall stock Tanger deserves some love -Barron's

    The 39 malls owned by Tanger Factory Oulet Centers, one of the U.S.'s largest outlet landlords, have flourished despite the so-called retail apocalypse, while shares have fallen more than 60 percent since the middle of 2016, weekly newspaper Barron's said in its Dec. 2 edition. Concerns about profit growth have hurt the shares and things could get worse for Tanger before they get better if retail tenants continue to struggle and go out of business, according to Barron's. Tanger shares closed on Friday at $15.22 in New York, which is less than seven times funds from operations, a standard real estate investment trust cash-flow metric, Barron's said.

  • Barrons.com

    This Bargain Mall Stock Is Lord of the Exit Ramp — and Has a 9% Yield

    Tanger Factory Outlet Centers could deliver a total return of nearly 40% as retail bankruptcies abate.

  • Thomson Reuters StreetEvents

    Edited Transcript of SKT earnings conference call or presentation 31-Oct-19 12:00pm GMT

    Q3 2019 Tanger Factory Outlet Centers Inc Earnings Call

  • Is Tanger Factory Outlet (SKT) a Great Value Stock Right Now?
    Zacks

    Is Tanger Factory Outlet (SKT) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Tanger Outlets Invites Shoppers To Experience The Joy Of Holiday Shopping With TangerSTYLE Happy Savings
    PR Newswire

    Tanger Outlets Invites Shoppers To Experience The Joy Of Holiday Shopping With TangerSTYLE Happy Savings

    Shop Early and Save Big From Today's Top Brand Names at Unbeatable Prices GREENSBORO, N.C. , Nov. 1, 2019 /PRNewswire/ --   Tanger Outlets invites customers to shop early and save big this holiday season ...

  • Tanger Factory Outlet (SKT) Q3 FFO and Revenues Beat Estimates
    Zacks

    Tanger Factory Outlet (SKT) Q3 FFO and Revenues Beat Estimates

    Tanger (SKT) delivered FFO and revenue surprises of 1.75% and 0.07%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Tanger Reports Third Quarter Results

    - Consolidated Portfolio 95.9% Occupied - Tenant Sales Increase - Raises Annual Guidance for Net Income, AFFO and Same Center NOI GREENSBORO, N.C. , Oct. 30, 2019 /PRNewswire/ -- Tanger Factory Outlet ...

  • What's in the Offing for Tanger (SKT) This Earnings Season?
    Zacks

    What's in the Offing for Tanger (SKT) This Earnings Season?

    While Tanger (SKT) Q3 results will likely reflect gains from its focus on improving portfolio, tenant mix and marketing efforts, the choppy retail real estate market might have been a spoilsport.

  • Here’s What Hedge Funds Think About Tanger Factory Outlet Centers Inc. (SKT)
    Insider Monkey

    Here’s What Hedge Funds Think About Tanger Factory Outlet Centers Inc. (SKT)

    We can judge whether Tanger Factory Outlet Centers Inc. (NYSE:SKT) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into […]

  • PR Newswire

    Tanger Issues Third Annual Corporate Responsibility Report

    Strategic Focus on Tanger's Commitment to Corporate Responsibility Reporting GREENSBORO, N.C. , Oct. 23, 2019 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today the release ...

  • Thomson Reuters StreetEvents

    Edited Transcript of SKT earnings conference call or presentation 1-Aug-19 12:30pm GMT

    Q2 2019 Tanger Factory Outlet Centers Inc Earnings Call

  • Tanger Factory Outlet (SKT) Catches Eye: Stock Jumps 6.2%
    Zacks

    Tanger Factory Outlet (SKT) Catches Eye: Stock Jumps 6.2%

    Tanger Factory Outlet (SKT) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • PR Newswire

    Tanger Declares Dividend for Third Quarter 2019

    GREENSBORO, N.C. , Oct. 10, 2019 /PRNewswire/ --  Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its Board of Directors declared a quarterly dividend of $0.355 per share for the ...

  • Did Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Insiders Sell Shares?
    Simply Wall St.

    Did Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Insiders Sell Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • PR Newswire

    Tanger Outlet Centers Schedules Third Quarter 2019 Earnings Release and Conference Call

    GREENSBORO, N.C. , Oct. 4, 2019 /PRNewswire/ --  Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its financial results for the quarter will be released October 30, 2019 after the market ...

  • Should Value Investors Buy Tanger Factory Outlet (SKT) Stock?
    Zacks

    Should Value Investors Buy Tanger Factory Outlet (SKT) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • /C O R R E C T I O N -- Tanger Factory Outlet Centers, Inc./
    PR Newswire

    /C O R R E C T I O N -- Tanger Factory Outlet Centers, Inc./

    In the news release, Tanger Outlets Launches 26th Annual Tanger Pink Campaign In Support Of The Ongoing Fight Against Breast Cancer, issued 26-Sep-2019 by Tanger Factory Outlet Centers, Inc. over PR Newswire, we are advised by the company that one of the statements was incorrect. Tanger Outlets raised more than $906,000 for breast cancer awareness.

  • Is Tanger Factory Outlet (SKT) Stock Undervalued Right Now?
    Zacks

    Is Tanger Factory Outlet (SKT) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Zacks

    Knocking on the Door of New Highs

    Knocking on the Door of New Highs

  • Tanger Factory Outlet (SKT) Catches Eye: Stock Jumps 6.3%
    Zacks

    Tanger Factory Outlet (SKT) Catches Eye: Stock Jumps 6.3%

    Tanger Factory Outlet (SKT) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • 5 Top Stock Trades for Tuesday: TTD, NFLX, TWLO, AYX
    InvestorPlace

    5 Top Stock Trades for Tuesday: TTD, NFLX, TWLO, AYX

    It was a relatively calm day on Wall Street on Monday, with the exception of the selloff in high-growth stocks. We'll look at a few right now, as they are our top stock trades to watch. Top Stock Trades for Tomorrow 1: The Trade DeskMany of these stocks are great companies, but they have been on tremendous runs so far in 2019. The Trade Desk (NASDAQ:TTD) is one of them. However, shares fell more than 10% on Monday alone -- with no news in sight.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhen the market was breaking out of its month-long trading range last week, many of the relative growth leaders were not partaking in said upside. We flagged that at the time -- both here on InvestorPlace and on Twitter. Monday's price action doesn't come as much of a surprise to those that saw those posts. * 7 Best Stocks That Crushed It This Earnings Season In any regard, investors are trying to balance buying these for the long haul and avoid getting run over on the decline. For TTD, shares knifed right through the 38.2% retracement like it wasn't even there.I have my eye on $200 now. Not only is that a significant round number that can act as a magnet, but near it we will also find the 200-day moving average and the 50% retracement. If it fails to hold, $180 is the next target. Top Stock Trades for Tomorrow 2: NetflixAfter this one was smoked on earnings, InvestorPlace readers cleaned up nicely when Netflix (NASDAQ:NFLX) was rejected from prior range support at $340 and the 200-day moving average.Now this name has been trapped in a series of relentless selling. Shares are pushing above downtrend resistance, but not in a meaningful manner as the 20-day moving average swiftly rejects NFLX.If the 61.8% retracement holds as support, perhaps NFLX can again attempt to push above the 20-day. Above that and the 50% retracement is on the table.If the 61.8% fails as support though, NFLX will likely retest its lows near $282.79. Top Stock Trades for Tomorrow 3: TwilioTwilio (NYSE:TWLO) stock didn't even slow down as it knifed through the 200-day moving and 38.2% retracement. Like TTD, TWLO is a great company but the writing was on the wall in terms of the price action.I'm not sure if we'll get TWLO down to $100, but it might be an attractive entry point for interested bulls. Particularly with the 50% retracement near $105 and the 61.8% near $95. Top Stock Trades for Tomorrow 4: AlteryxAlteryx (NYSE:AYX) has been a monster so far in 2019. Even after Monday's 15% beating, shares are still up 102% so far for the year. Lucky for us, we named AYX one of 7 mid-cap studs to watch this year.With AYX slicing through the 50-day like a hot knife through butter though, investors need to take some precaution. Between $107 and $110 is channel support (blue line) and the 38.2% retracement.If that doesn't hold, let's see if $95 is on the table. Top Stock Trades for Tomorrow 5: Tanger Factory OutletsOne name that hasn't been doing all that well this year is Tanger Factory Outlet Centers (NYSE:SKT). This REIT has a big dividend and terribly performing stock. However, shares are quietly up eight days in a row and putting an exclamation point on Monday's rally.Shares are up about 5% and bursting through the 50-day moving average. Keep in mind, this moving average gave SKT a very hard time in July. Now above it, let's see if shares can get back to $16.50. * 7 Industrial Stocks to Buy for a Strong U.S. Economy Mainly though, I want to see the 20-day and 50-day moving averages act as support going forward.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long SKT and TTD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 5 Top Stock Trades for Tuesday: TTD, NFLX, TWLO, AYX appeared first on InvestorPlace.

  • Benzinga

    Short Squeeze Candidates: 10 Most Heavily Shorted Stocks

    Short squeezes can be one of the most powerful trading catalysts on Wall Street, and traders are always on the lookout for the next major short squeeze candidate. S3 Partners analyst Ihor Dusaniwsky just ...