Tanger Factory Outlet Centers (SKT) to Release Earnings on Monday
Tanger Factory Outlet Centers (NYSE:SKT) will release its earnings data after the market closes on Monday, February 12th. Analysts expect Tanger Factory Outlet Centers to post earnings of $0.28 per share for the quarter.
Shares of Tanger Factory Outlet Centers (NYSE SKT) opened at $22.82 on Friday. The firm has a market capitalization of $2,160.00, a price-to-earnings ratio of 36.81, a PEG ratio of 2.91 and a beta of 0.44. Tanger Factory Outlet Centers has a 52-week low of $21.81 and a 52-week high of $34.88. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.10 and a current ratio of 0.10.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.343 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 6.01%. This is an increase from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. Tanger Factory Outlet Centers’s payout ratio is presently 220.97%.
A number of research firms have recently weighed in on SKT. ValuEngine downgraded Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group restated a “hold” rating and set a $24.00 target price on shares of Tanger Factory Outlet Centers in a research report on Friday, December 22nd. Citigroup dropped their target price on Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating for the company in a research report on Friday, November 10th. Finally, Boenning Scattergood restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.60.
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About Tanger Factory Outlet Centers
Tanger Factory Outlet Centers, Inc is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers.
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