Tanger Factory Outlet Centers, – Consensus Indicates Potential -35.7% Downside

Broker Ratings

Tanger Factory Outlet Centers, with ticker code (SKT) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 14 and 7 with a mean TP of 10.33. With the stocks previous close at 16.06 this indicates there is a potential downside of -35.7%. The 50 day MA is 11.35 while the 200 day moving average is 7.95. The company has a market capitalisation of $1,726m. Visit the company website at: http://www.tangeroutlets.com

Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger’s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission (“SEC”) that includes a supplemental information package for the quarter ended September 30, 2020.

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