Tanger Inc. (NYSE:SKT – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $32.00.
Several research firms recently weighed in on SKT. Scotiabank raised their target price on shares of Tanger from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Compass Point raised their target price on shares of Tanger from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Bank of America raised their target price on shares of Tanger from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Finally, Evercore ISI lifted their price objective on shares of Tanger from $29.00 to $31.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th.
Check Out Our Latest Research Report on Tanger
Hedge Funds Weigh In On Tanger
Tanger Price Performance
NYSE:SKT opened at $34.42 on Friday. Tanger has a 1-year low of $21.42 and a 1-year high of $34.81. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 2.53. The firm has a fifty day simple moving average of $31.89 and a 200 day simple moving average of $29.02. The stock has a market capitalization of $3.76 billion, a PE ratio of 38.24, a P/E/G ratio of 2.89 and a beta of 1.89.
Tanger Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.10 dividend on an annualized basis and a yield of 3.20%. Tanger’s dividend payout ratio (DPR) is 122.22%.
Tanger Company Profile
Tanger Inc (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger’s portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.
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