Tanger Factory Outlet: 6 Reasons to Buy, 3 Reasons to Avoid [The Motley Fool]
Tanger Inc. (SKT)
Last tanger inc. earnings: 10/30 04:15 pm
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US:NYSE Investor Relations:
investors.tangeroutlet.com
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Source: The Motley Fool
Do the pros outweigh the cons for this battered retail REIT? Shares of Tanger Factory Outlet ( NYSE:SKT ) have dropped 15% year to date as the S&P 500 has inched up 2%. That weak performance owes to ongoing concerns about brick-and-mortar retailers, as well as concerns that inflation, and ensuing interest rate hikes, will ding the share prices of real estate investment trusts (REITs). Tanger also stumbled 7% after its recent fourth-quarter earnings report, although the company beat analyst estimates on both the top and bottom lines. Are investors unfairly punishing Tanger, or are they right to avoid it? Let's examine six reasons to buy Tanger and three reasons to avoid it. Image source: Getty Images. Six reasons to buy Tanger Tanger isn't a retailer; it's a landlord that rents out stores at its outlet centers. Therefore the best gauge of its business's strength is its consolidated occupancy rate, which hit 97.3% last quarter. That's a slight dip from 97
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SKT
News
- Tanger Announces the Amendment, Increase and Extension of its Unsecured Lines of CreditPR Newswire
- 4 REITs With Double Digit Total Returns Over The Last 3 And 5 Years [Yahoo! Finance]Yahoo! Finance
- Tanger Increases Dividend by 5.8%PR Newswire
- Analysts Just Upgraded These 4 REITs [Yahoo! Finance]Yahoo! Finance
- Tanger Inc. (NYSE: SKT) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "neutral" rating. They now have a $31.00 price target on the stock, up previously from $24.00.MarketBeat
SKT
Earnings
- 2/15/24 - Beat
SKT
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- SKT's page on the SEC website