Today, Tanger Inc. (NYSE: SKT) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Retail industry segment. The current market capitalization of Tanger Inc. is $3.16B. A total of 0.87 million shares were traded on the day, compared to an average of 724.49K shares.

In the most recent transaction, Guerrieri Thomas Joseph JR sold 3,000 shares of SKT for 29.27 per share on Mar 12 ’24. After the transaction, the SVP, CAO now owns 63,782 company shares. In a previous transaction on Feb 21 ’24, REDDIN THOMAS sold 5,000 shares at 29.00 per share. SKT shares that Director owns now total 46,602.

Among the insiders who sold shares, TANGER STEVEN B disposed of 150,000 shares on Dec 04 ’23 at a per-share price of $26.25. This resulted in the Executive Chair of the Board holding 901,983 shares of SKT after the transaction. In another insider transaction, TANGER STEVEN B sold 10,788 shares at $25.50 per share on Dec 01 ’23. Company shares held by the Executive Chair of the Board now total 1,051,983.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Tanger Inc. pays an annual dividend of $1.07, resulting in a dividend yield of 3.70%, and it has a price to earnings (P/E) ratio of 32.06. SKT’s most recent ex-dividend date was 7/31/2024 when it declared a $0.2750 quarterly dividend that was paid in cash on 8/15/2024. Previously, the company paid the dividend on 5/15/2024 with an ex-dividend date of 4/29/2024. The SKT stock dividend was $0.2750 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, SKT has a high of $29.98 and a low of $21.42.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SKT’s latest balance sheet shows that the firm has $161.25M in Cash & Short Term Investments as of fiscal 2021. There were $1.49B in debt and $93.00M in liabilities at the time. Its Book Value Per Share was $5.08, while its Total Shareholder’s Equity was $499.79M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SKT is Buy with a score of 3.75.

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