This Stock Yields More Than 6%, and It's Ridiculously Cheap [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
Company Research
Source: The Motley Fool
Headwinds in the retail sector combined with rising interest rates have pushed this stock to a new 52-week low. Tanger Factory Outlet Centers ( NYSE:SKT ) recently reported solid fourth-quarter and 2017 earnings, but investors still seem to be worried about retail-sector headwinds and rising interest rates. The bad news is that the stock has fallen considerably in recent months, and the post-earnings reaction sent it down another 8%. The good news is that this long-term winner now trades for a ridiculously low valuation and pays a 6.3% dividend yield. Tanger's business is doing better than its stock price suggests You wouldn't think Tanger's business has been doing well by looking at its stock chart, but you'd be wrong. For starters, Tanger's adjusted funds from operations (FFO), the REIT version of earnings, rose by 4% in 2017, impressive growth considering the difficult retail environment. Even Tanger's same-center tenant sales rose by 1% in the fourth quarter, a
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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