Home » USA Broker Ratings » Tanger Factory Outlet Centers, – Consensus Indicates Potential -35.5% Downside

Tanger Factory Outlet Centers, – Consensus Indicates Potential -35.5% Downside

Tanger Factory Outlet Centers, found using ticker (SKT) have now 6 analysts in total covering the stock. The consensus rating is ‘Underperform’. The target price ranges between 6 and 3.5 with the average target price sitting at 4.96. Given that the stocks previous close was at 7.69 this would indicate that there is a downside of -35.5%. The day 50 moving average is 6.9 and the 200 day MA is 10.41. The company has a market capitalisation of $701m. You can visit the company’s website by visiting: http://www.tangeroutlets.com

Tanger Factory Outlet Centers (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 39 upscale outlet shopping centers. Tanger’s operating properties are located in 20 states and in Canada, totaling approximately 14.3 million square feet, leased to over 2,800 stores which are operated by more than 510 different brand name companies. The Company has more than 39 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million visitors annually. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the quarter ended March 31, 2020.

Join us on our new LinkedIn page

Follow us on LinkedIn