7-May-2024
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Tanger Reports First Quarter Results and Raises Full-Year 2024 Guidance
PRNewswire (Tue, 30-Apr 4:05 PM ET)
Tanger Announces the Amendment, Increase and Extension of its Unsecured Lines of Credit
PRNewswire (Mon, 15-Apr 8:00 AM ET)
Tanger Increases Dividend by 5.8%
PRNewswire (Wed, 10-Apr 8:00 AM ET)
Tanger Schedules First Quarter 2024 Earnings Release and Conference Call
PRNewswire (Mon, 11-Mar 8:00 AM ET)
Tanger to Present at Citi's 2024 Global Property CEO Conference
PRNewswire (Tue, 27-Feb 8:45 AM ET)
Tanger Reports Fourth Quarter and Full Year 2023 Results and Introduces 2024 Guidance
PRNewswire (Thu, 15-Feb 4:05 PM ET)
Tanger Inc is a leading owner and operator of outlet and open-air retail shopping destinations. Tanger's portfolio of 38 outlet centers and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in U.S. states and Canada.
Tanger trades on the NYSE stock market under the symbol SKT.
As of May 7, 2024, SKT stock price climbed to $28.14 with 871,693 million shares trading.
SKT has a beta of 1.32, meaning it tends to be more sensitive to market movements. SKT has a correlation of 0.34 to the broad based SPY ETF.
SKT has a market cap of $3.06 billion. This is considered a Mid Cap stock.
Last quarter Tanger reported $123 million in Revenue and $.52 earnings per share. This beat revenue expectation by $571,000 and exceeded earnings estimates by $.01.
In the last 3 years, SKT stock traded as high as $29.98 and as low as $13.26.
The top ETF exchange traded funds that SKT belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.
SKT has outperformed the market in the last year with a return of +51.2%, while the SPY ETF gained +27.0%. In the last 3 month period, SKT beat the market returning +9.1%, while SPY returned +4.1%. However, in the most recent 2 weeks SKT has underperformed the stock market by returning -0.3%, while SPY returned +2.3%.
SKT support price is $26.93 and resistance is $27.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SKT stock will trade within this expected range on the day.