Tanger Factory Outlet Centers, – Consensus Indicates Potential -1.9% Downside

Broker Ratings

Tanger Factory Outlet Centers, found using ticker (SKT) now have 6 analysts in total covering the stock. The consensus rating is ‘Underperform’. The target price ranges between 21 and 14 and has a mean target at 18.17. Given that the stocks previous close was at 18.52 this would indicate that there is a downside of -1.9%. The 50 day moving average now sits at 18.5 and the 200 moving average now moves to 16.95. The company has a market cap of $1,923m. Find out more information at: https://www.tangeroutlets.com

The potential market cap would be $1,887m based on the market concensus.

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Tanger Factory Outlet Centers, Inc. (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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