Tanger (SKT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
It wasn't too long ago when experts were essentially forecasting the death of brick-and-mortar retail, but it now looks like those fears may have been overblown. In this video, longtime Fool.com contributors Matt Frankel, CFP®, and Tyler Crowe take a look at Tanger Factory Outlet Centers' (SKT -0.33%) latest results and why there could be good times ahead.
Many stocks pay dividends, but dividend investors should be picky. Ideally, a reasonable dividend yield should be paired with a long dividend track record, plenty of profits to support the dividend, and decent long-term growth prospects.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?
GREENSBORO, N.C.--(BUSINESS WIRE)--Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three months and year ended December 31, 2024. “I am pleased to report another quarter of strong performance contributing to a successful year as we saw improved sales productivity and delivered robust organic growth. We acquired two open-air shopping centers, The Promenade at Chenal in Little Rock.
Tanger Inc. is a growth-focused REIT with a low FFO pay-out ratio, benefiting from a strong U.S. economy and consumer confidence. The trust's aggressive pricing strategy and robust demand for retail space led to a 14.4% rent uplift in Q3 2024. Tanger's low dividend pay-out ratio of 51% offers a high margin of safety, making it an attractive option for passive income investors.
GREENSBORO, N.C.--(BUSINESS WIRE)--Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on February 14, 2025 to common shareholders of record on January 31, 2025. About Tanger® Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outle.
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.