Analysts Point To Tanger Inc (NYSE: SKT) Growth In The Future

After Hours

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.

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Stocks Info

As a NYSE listed company, SKT falls under the Real Estate sector while operating within the REIT – Retail industry segment. The current market capitalization of Tanger Inc is $3.92B. A total of 0.65 million shares were traded on the day, compared to an average of 677.28K shares.

In the most recent transaction, Guerrieri Thomas Joseph JR sold 3,000 shares of SKT for 36.27 per share on Nov 19 ’24. After the transaction, the SVP, CAO now owns 59,641 company shares. In a previous transaction on Nov 19 ’24, Thomas J Guerrieri Jr bought 3,000 shares at 36.03 per share.

Among the insiders who sold shares, Swanson Gallardo Leslie disposed of 17,900 shares on Sep 09 ’24 at a per-share price of $30.74. This resulted in the EVP, Chief Operating Officer holding 85,396 shares of SKT after the transaction. In another insider transaction, LESLIE A SWANSON GALLARDO bought 17,900 shares at $30.74 per share on Sep 09 ’24.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Tanger Inc pays an annual dividend of $1.08, resulting in a dividend yield of 3.06%, and it has a price to earnings (P/E) ratio of 40.94. SKT’s most recent ex-dividend date was 3.27% when it declared a $0.2750 quarterly dividend that was paid in cash on 10/31/2024. Previously, the company paid the dividend on 7/31/2024 with an ex-dividend date of 3.93%. The SKT stock dividend was $0.2750 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, SKT has a high of $37.57 and a low of $25.67.

As of this writing, SKT has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $5.16, while its Total Shareholder’s Equity was $499.79M.

Analysts Opinion

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. 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 4.00.

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