Tanger Factory Outlet Centers, Inc. (SKT) to Release Quarterly Earnings on Tuesday

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) will announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.

Shares of Tanger Factory Outlet Centers, Inc. (SKT) opened at $22.46 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 2.62. The company has a market cap of $2,132.76, a price-to-earnings ratio of 9.36, a PEG ratio of 2.61 and a beta of 0.47. Tanger Factory Outlet Centers, Inc. has a 1 year low of $21.81 and a 1 year high of $37.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Monday, October 30th. Tanger Factory Outlet Centers’s dividend payout ratio is presently 90.73%.

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A number of analysts have recently commented on SKT shares. Zacks Investment Research lowered shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Boenning Scattergood set a $25.00 price objective on shares of Tanger Factory Outlet Centers and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $26.00 price objective on shares of Tanger Factory Outlet Centers in a research report on Thursday, September 21st. KeyCorp reissued a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Finally, BidaskClub lowered shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.60.

In related news, SVP Carrie A. Geldner sold 1,800 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $24.18, for a total transaction of $43,524.00. Following the transaction, the senior vice president now directly owns 53,511 shares in the company, valued at $1,293,895.98. The sale was disclosed in a filing with the SEC, which is available through this link. 4.80% of the stock is currently owned by insiders.

Tanger Factory Outlet Centers Company Profile

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.

Earnings History for Tanger Factory Outlet Centers (NYSE:SKT)

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