Tanger: Beware Of Sucker Yields [Seeking Alpha]
Tanger Inc. (SKT)
Last tanger inc. earnings: 10/30 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.tangeroutlet.com
Company Research
Source: Seeking Alpha
Tanger: Beware Of Sucker Yields Summary Tanger Factory Outlet Centers has seen a massive decline in share price combined with a growing dividend - shares now yield over 10%. Despite appearing cheap based on low FFO multiples and a strong balance sheet, the company's business model is in an existential crisis. Management hasn't been efficient with capital allocation in recent years, selling assets at high cap rates, paying back low-interest debt, and buying back stock at high prices. Leasing spreads, the primary driver of SSNOI growth, are too weak to sustain a growing dividend in the long term. Wait for this trend to improve before buying SKT. Investment Thesis Popular sentiment on the Street is that retail real estate is dead in the water. The resulting panic has led to some excellent buying opportunities in the space but has also revealed some falling knives with weak prospects. The market has punished retail REITs of all types, but I think that the situation is more nuanced. As alw
Show less
Read more
Impact Snapshot
Event Time:
SKT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SKT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SKT alerts
High impacting Tanger Inc. news events
Weekly update
A roundup of the hottest topics
SKT
News
- Tanger Earns Sustainability Certifications for Taking Steps to Address Climate Change and Well-Being Across its PortfolioBusiness Wire
- Tanger Inc. (NYSE: SKT) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $31.00 to $35.00. They now have a "neutral" rating on the stock.MarketBeat
- Tanger Inc. (NYSE: SKT) had its price target raised by analysts at Citigroup Inc. from $34.00 to $41.00. They now have a "buy" rating on the stock.MarketBeat
- Tanger Inc. (NYSE: SKT) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $40.00 price target on the stock, up previously from $35.00.MarketBeat
- Tanger Inc. (NYSE: SKT) had its price target raised by analysts at Evercore ISI from $31.00 to $33.00. They now have an "in-line" rating on the stock.MarketBeat
SKT
Earnings
- 11/6/24 - Beat
SKT
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/18/24 - Form 4
- SKT's page on the SEC website