Opinions

Jim Cramer - Mad Money Tanger Factory Outlet Centers SKT-N BUY ON WEAKNESS Mar 15, 2021

He likes this sector and this stock. It's good. SKT is hot now, but let it fall back a bit.

Jim Cramer - Mad Money

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$17.670

Stock price when the opinion was issued

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DON'T BUY

The rents paid were better previously (before Covid), but he is not recommending any companies operating in malls so that people don't get hurt by Covid.

HOLD

He likes this. They have very good numbers. People want to shop. Hold on.

BUY

They reported a fine quarter last month. It just raised its dividend which is now from 4.2%.

BUY

Trade-down companies are the place to be in this economy. Their outlets are the final destination for marked-down merchandise. SKT was down only 7% in 2022, while retail peers were down double-digits. They delivered a bottom line beat last week with a 97% occupancy rate.

BUY

They just had a great quarter, a REIT holding retail outlets: top and bottom line beat and positive guidance. They enjoy accelerating lease momentum and new properties coming, like in Nashville.

BUY

A REIT that holds factory outlets. Pays over a 4% yield and delivered a great recent quarter.

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Jim Cramer - Mad Money Tanger Factory Outlet Centers SKT-N BUY ON WEAKNESS Mar 15, 2021

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