Is Tanger Inc. (NYSE: SKT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

SKT belongs to the Real Estate sector of the NYSE while operating in the REIT – Retail industry. The current market capitalization of Tanger Inc. is $3.02B. A total of 0.62 million shares were traded on the day, compared to an average of 743.50K 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Tanger Inc. pays an annual dividend of $1.07, resulting in a dividend yield of 3.88%, and it has a price to earnings (P/E) ratio of 30.70. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $5.06, while its Total Shareholder’s Equity was $499.79M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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