Tanger Factory Outlet Centers (SKT) is expected to release quarterly results on Monday


Tanger Factory Outlet Centers (NYSE: SKT) is expected to release its quarterly results after the market closes on Monday, November 1. Analysts expect Tanger Factory Outlet Centers to post earnings of $ 0.20 per share for the quarter. People who wish to listen to the corporate earnings conference call can do so using this link.

Tanger Factory Outlet Centers (NYSE: SKT) last released its quarterly results on Monday, August 2. The real estate investment trust reported earnings per share (EPS) of $ 0.02 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.20 ($ 0.18). The Tanger Factory Outlet Centers had a net margin of 4.78% and a return on equity of 4.64%. On average, analysts expect Tanger Factory Outlet Centers to post EPS of $ 1 for the current fiscal year and EPS of $ 2 for the next fiscal year.

SKT stock opened at $ 17.51 ​​on Monday. The company has a fifty-day moving average price of $ 16.89 and a 200-day moving average price of $ 17.41. The company has a market cap of $ 1.82 billion, a P / E ratio of 87.55, a PEG ratio of 6.65 and a beta of 2.03. Tanger Factory Outlet Centers has a 52-week low of $ 6.01 and a 52-week high of $ 22.40. The company has a debt ratio of 2.61, a quick ratio of 1.53 and a current ratio of 1.53.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 15. Shareholders of record on Friday October 29 will receive a dividend of $ 0.183 per share. The ex-dividend date of this dividend is Thursday, October 28. This represents an annualized dividend of $ 0.73 and a dividend yield of 4.18%. This is an increase from the previous quarterly dividend of $ 0.18 from Tanger Factory Outlet Centers. The dividend payout ratio (DPR) of Tanger Factory Outlet Centers is currently 44.94%.

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Several research companies have recently published reports on SKT. TheStreet upped the shares of Tanger Factory Outlet Centers from a “d” rating to a “c-” rating in a research note on Monday, August 9. Zacks Investment Research upgraded Tanger Factory Outlet Centers shares from a “sell” rating to a “conservation” rating in a research note on Tuesday, August 17. Finally, Scotiabank raised its price target on Tanger Factory Outlet Centers shares from $ 13.00 to $ 15.00 and gave the company an “underperformance” rating in a research note on Monday. June 28. Two investment analysts gave the stock a sell rating and two gave the company a conservation rating. According to MarketBeat data, the stock has a consensus rating of “Hold” and an average target price of $ 11.33.

In other news from the Tanger Factory Outlet Centers, Executive Vice President Chad Perry sold 8,000 shares of the company in a trade on Friday, August 13. The shares were sold at an average price of $ 17.43, for a total value of $ 139,440.00. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, director Thomas Reddin sold 5,000 shares of the company in a transaction dated Thursday, August 12. The shares were sold at an average price of $ 18.00, for a total trade of $ 90,000.00. As a result of the transaction, the director now directly owns 50,726 shares of the company, valued at $ 913,068. Disclosure of this sale can be found here. Insiders have sold 15,500 shares of the company valued at $ 271,660 in the past 90 days. Company insiders own 2.20% of the company’s shares.

Company Profile Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc is a fully integrated, self-directed and self-directed real estate investment trust. It focuses on the development, acquisition, ownership, operation and management of factory shopping centers. The company was founded by Stanley K. Tangier in 1981 and is headquartered in Greensboro, North Carolina.

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Revenue History of Tangier Outlet Centers (NYSE: SKT)

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