Daily Stock Opinions and Ratings

Opinions

Jim Cramer - Mad MoneyTanger Factory Outlet CentersSKTBUYFeb 23, 2024

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.

Jim Cramer - Mad Money

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$28.78

Stock price when the opinion was issued

$39.91

As of Jun 11, 2026. Market Open.

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BUY

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

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

HOLD

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

BUY ON WEAKNESS

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

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.

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