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Tanger Factory Outlet Centers, Inc is currently in a long term uptrend where the price is trading 32.1% above its 200 day moving average.
From a valuation standpoint, the stock is 62.7% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 3.7.
Tanger Factory Outlet Centers, Inc's total revenue sank by 7.7% to $111M since the same quarter in the previous year.
Its net income has increased by 102.2% to $263K since the same quarter in the previous year.
Finally, its free cash flow fell by 13.2% to $42M since the same quarter in the previous year.
Based on the above factors, Tanger Factory Outlet Centers, Inc gets an overall score of 3/5.
ISIN | US8754651060 |
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Exchange | NYSE |
CurrencyCode | USD |
Sector | Real Estate |
Industry | REIT - Retail |
Beta | 1.44 |
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Market Cap | 4B |
PE Ratio | 35.8 |
Target Price | 38.6667 |
Dividend Yield | 3.6% |
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and three open-air lifestyle centers includes over 16 million square feet well positioned across tourist destinations and vibrant markets in 21 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended December 31, 2024.
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