Tanger (SKT) to Release Earnings on Wednesday

Tanger (NYSE:SKT) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Tanger to post earnings of $0.52 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Tanger Stock Up 0.8 %

NYSE SKT opened at $33.44 on Tuesday. Tanger has a one year low of $23.39 and a one year high of $34.81. The company has a market capitalization of $3.66 billion, a P/E ratio of 37.16, a P/E/G ratio of 2.82 and a beta of 1.88. The stock has a 50 day moving average price of $32.55 and a 200-day moving average price of $29.37. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.13 and a current ratio of 0.13.

Tanger Announces Dividend

The company also recently declared 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. This represents a $1.10 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, October 31st. Tanger’s dividend payout ratio (DPR) is 122.22%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SKT shares. Bank of America increased their price objective on Tanger from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Scotiabank lifted their price target on shares of Tanger from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Compass Point upped their price objective on shares of Tanger from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI raised their price objective on shares of Tanger from $29.00 to $31.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.33.

About Tanger

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.