SKT Stock Summary and Trading Ideas (Tanger | NYSE:SKT)

Tanger Inc is an owner and operator of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.

Tanger trades on the NYSE stock market under the symbol SKT.

As of June 8, 2026, SKT stock price climbed to $37.15 with 87,890 million shares trading.

SKT has a beta of 0.70, meaning it tends to be less sensitive to market movements. SKT has a correlation of 0.17 to the broad based SPY ETF.

SKT has a market cap of $4.27 billion. This is considered a Mid Cap stock.

Last quarter Tanger reported $150 million in Revenue and $.59 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.02.

In the last 3 years, SKT traded as high as $37.95 and as low as $20.34.

The top ETF exchange traded funds that SKT belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VB.

SKT has outperformed the market in the last year with a price return of +30.8% while the SPY ETF gained +26.9%. However, in the short term, SKT had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.0% vs +9.6% return in SPY. But in the last 2 weeks, SKT shares have fared better than the market returning +4.6% compared to SPY -0.1%.

SKT support price is $36.59 and resistance is $37.59 (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 shares will trade within this expected range on the day.