This summary was created by AI, based on 2 opinions in the last 12 months.
Tanger Factory Outlet Centers (SKT-N) has recently garnered positive attention from experts due to its robust financial performance and strategic positioning as a REIT focused on factory outlets. With yields exceeding 4%, it has established itself as an attractive investment option for income-seeking investors. The latest earnings report highlighted significant growth, surpassing expectations for both top and bottom lines, while also providing optimistic guidance for future performance. The company is experiencing notable lease momentum and actively expanding its portfolio with new properties, including projects in vibrant locations like Nashville. This combination of solid yield and growth potential positions SKT-N favorably within the retail outlet segment of the market.
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.
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.
Tanger Factory Outlet Centers is a American stock, trading under the symbol SKT-N on the New York Stock Exchange (SKT). It is usually referred to as NYSE:SKT or SKT-N
In the last year, 2 stock analysts published opinions about SKT-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Tanger Factory Outlet Centers.
Tanger Factory Outlet Centers was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Tanger Factory Outlet Centers.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Tanger Factory Outlet Centers In the last year. It is a trending stock that is worth watching.
On 2025-02-18, Tanger Factory Outlet Centers (SKT-N) stock closed at a price of $34.69.
A REIT that holds factory outlets. Pays over a 4% yield and delivered a great recent quarter.