Tanger (NYSE:SKT – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.05-2.12 for the period, compared to the consensus EPS estimate of $2.07. Tanger also updated its FY 2024 guidance to 2.050-2.120 EPS.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on SKT. Scotiabank raised shares of Tanger from a sector underperform rating to a sector perform rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Friday, May 17th. Evercore ISI dropped their target price on shares of Tanger from $29.00 to $28.00 and set an in-line rating on the stock in a research report on Wednesday, May 1st. Finally, Compass Point raised shares of Tanger from a neutral rating to a buy rating and boosted their target price for the stock from $31.00 to $32.00 in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Tanger has an average rating of Hold and an average target price of $29.57.
View Our Latest Stock Report on Tanger
Tanger Stock Performance
Tanger Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a $0.275 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.10 annualized dividend and a dividend yield of 3.93%. Tanger’s dividend payout ratio is presently 120.88%.
About Tanger
Tanger Inc (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.
Read More
- Five stocks we like better than Tanger
- Why is the Ex-Dividend Date Significant to Investors?
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- How to Capture the Benefits of Dividend Increases
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- 3 Warren Buffett Stocks to Buy Now
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Tanger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger and related companies with MarketBeat.com's FREE daily email newsletter.