Key Details
Price
$34.79Last Dividend
$0.28Annual Revenue
$464.41 MAnnual EPS
$0.92Annual ROE
17.94%Beta
0.74Events Calendar
Next earnings date:
Feb 14, 2025Recent quarterly earnings:
Nov 06, 2024Recent annual earnings:
Feb 16, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 31, 2024Next split:
N/ARecent split:
Jan 25, 2011Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
The heavy selling pressure might have exhausted for Tanger (SKT) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
After losing some value lately, a hammer chart pattern has been formed for Tanger (SKT), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
GREENSBORO, N.C.--(BUSINESS WIRE)---- $SKT #tangerproud--Tanger has acquired The Promenade at Chenal, a 270,000 sq. ft. open-air lifestyle shopping center in Little Rock, AK.
Tanger Inc. has shown resilience with a 97.4% occupancy rate, strong NOI growth, and 11 consecutive quarters of positive rent spreads. SKT's strategic tenant rebalancing and operational efficiencies have enhanced its appeal, attracting aspirational brands and maintaining a recession-resistant outlet model. With a solid balance sheet, safe leverage, and a well-covered 3% dividend yield, SKT is a strong income-focused investment.
Stephen Yalof, Tanger CEO, talks the state of retail and the consumer ahead of the holidays.
Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.54 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.50 per share a year ago.
Does Tanger (SKT) have what it takes to be a top stock pick for momentum investors? Let's find out.
GREENSBORO, N.C. , Sept. 23, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading operator of outlet and open-air retail shopping destinations, announced today that the company's board of directors has elected Sonia Syngal as a director of the company, effective September 23, 2024.
Tanger stands out due to its diversified portfolio, strong leasing spread growth, and attractive valuation. The REIT's efficient management and short-term leases offer significant growth potential for the dividend and price. Despite above-average leverage, Tanger maintains strong liquidity. With a high dividend coverage and still attractively priced shares, both dividend and value investors should consider the merits of this REIT.
Tanger Inc. is a growing REIT with strong FFO growth, paying out only 50% of its funds from operations, indicating dividend safety and potential hikes. Tanger's portfolio boasts high occupancy rates (97.1%) and robust leasing metrics, attracting major tenants like Nike and Under Armour. Despite pandemic setbacks, Tanger has restored occupancy and reinstated dividends, with expectations for continued dividend increases due to low payout ratios.
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