Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2020.
IPO Year: 1993
Exchange: NYSE
Website: tangeroutlets.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/17/2024 | $37.00 | Hold | Deutsche Bank |
11/11/2024 | $35.00 → $40.00 | Neutral → Buy | BofA Securities |
5/17/2024 | $20.00 → $28.00 | Sector Underperform → Sector Perform | Scotiabank |
5/2/2024 | $31.00 → $32.00 | Neutral → Buy | Compass Point |
4/5/2024 | $24.00 → $31.00 | Underperform → Neutral | BofA Securities |
3/22/2024 | $30.00 → $33.00 | Neutral → Buy | Citigroup |
12/18/2023 | $27.00 → $29.00 | Neutral → Overweight | JP Morgan |
11/8/2023 | $26.00 | Buy → Neutral | Compass Point |
10/12/2023 | $24.00 → $25.00 | Underweight → Neutral | JP Morgan |
8/16/2023 | $26.00 | Buy → Neutral | Goldman |
Deutsche Bank initiated coverage of Tanger Factory with a rating of Hold and set a new price target of $37.00
BofA Securities upgraded Tanger Factory from Neutral to Buy and set a new price target of $40.00 from $35.00 previously
Scotiabank upgraded Tanger Factory from Sector Underperform to Sector Perform and set a new price target of $28.00 from $20.00 previously
Compass Point upgraded Tanger Factory from Neutral to Buy and set a new price target of $32.00 from $31.00 previously
BofA Securities upgraded Tanger Factory from Underperform to Neutral and set a new price target of $31.00 from $24.00 previously
Citigroup upgraded Tanger Factory from Neutral to Buy and set a new price target of $33.00 from $30.00 previously
JP Morgan upgraded Tanger Factory from Neutral to Overweight and set a new price target of $29.00 from $27.00 previously
Compass Point downgraded Tanger Factory from Buy to Neutral and set a new price target of $26.00
JP Morgan upgraded Tanger Factory from Underweight to Neutral and set a new price target of $25.00 from $24.00 previously
Goldman downgraded Tanger Factory from Buy to Neutral and set a new price target of $26.00
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Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on February 14, 2025 to common shareholders of record on January 31, 2025. About Tanger® Tanger Inc. (NYSE:SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and two open-air lifestyle centers includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 2
Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter and year ended December 31, 2024 will be released on Wednesday, February 19, 2025 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, February 20, 2025 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, investors.tanger.com. A telephone replay of the call will be available from February 20, 2025 at 11
Adds another dominant retail center in a strong and growing Sunbelt market Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has acquired The Promenade at Chenal, a 270,000-square-foot upscale, open-air lifestyle shopping center in the growing Sunbelt market of Little Rock, Arkansas. The Promenade at Chenal is Tanger's first location in Arkansas, and its second full price, open-air lifestyle center, following Tanger's acquisition of Bridge Street Town Centre in Huntsville, Alabama, late last year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241210578397/en/Tanger has acqui
Tanger achieves 20th LEED-certified shopping center, and Tanger centers across the U.S. are recognized as StormReady® and WELL Health-Safety Rated Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has earned additional recognition from national certification programs for taking steps to address climate change and enhance well-being at its centers. With these actions, Tanger now has achieved LEED certification for 20 centers, or 58% of its owned and managed portfolio by gross leasable area. Additionally, Tanger has expanded recognition of its centers as StormReady® and WELL Health-Safety Rated. This press release features multimedia. Vie
Achieves 11th Consecutive Quarter of Positive Rent Spreads All Centers Open and Operating after Multiple Storms Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three and nine months ended September 30, 2024. "I am pleased to announce another quarter of strong performance and an increase in our full-year guidance," said Stephen Yalof, President and Chief Executive Officer. "Our team remains focused on elevating our shopper experience and attracting in-demand retailer brands and a diversified tenant mix, along with more food and beverage and experiential destinations. Our st
Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on November 15, 2024 to common shareholders of record on October 31, 2024. 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 includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U
GREENSBORO, N.C., Sept. 23, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading operator of outlet and open-air retail shopping destinations, announced today that the company's board of directors has elected Sonia Syngal as a director of the company, effective September 23, 2024. This addition expands Tanger's board from nine to 10 members. Syngal is the former CEO of Gap Inc. and has nearly 30 years of industry experience and leadership, with a proven track record in global supply chain operations, brand management, and product-to-market innovation across the retail, technology, and automotive sectors. As CEO of Gap Inc. from 2020 to 2022, Syngal led the leading U.S. apparel provider throug
GREENSBORO, N.C., Aug. 21, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended September 30, 2024 will be released on Wednesday, November 6, 2024 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, investors.tanger.com. A telephone replay of the call will be avail
Achieves 10th Consecutive Quarter of Positive Rent Spreads Successfully Executing on Tenant Diversification and Re-merchandising Strategy Balance Sheet Remains Well Positioned GREENSBORO, N.C., Aug. 1, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three and six months ended June 30, 2024. "I am pleased to announce another quarter of strong performance and an increase in our full-year guidance," said Stephen Yalof, President and Chief Executive Officer. "Our team continues to execute on our strategic plan, which is translating into total rent growth inclu
GREENSBORO, N.C., July 16, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on August 15, 2024 to common shareholders of record on July 31, 2024. 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 includes over 15 million square feet well positioned across tourist
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Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on February 14, 2025 to common shareholders of record on January 31, 2025. About Tanger® Tanger Inc. (NYSE:SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and two open-air lifestyle centers includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 2
Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter and year ended December 31, 2024 will be released on Wednesday, February 19, 2025 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, February 20, 2025 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, investors.tanger.com. A telephone replay of the call will be available from February 20, 2025 at 11
Adds another dominant retail center in a strong and growing Sunbelt market Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has acquired The Promenade at Chenal, a 270,000-square-foot upscale, open-air lifestyle shopping center in the growing Sunbelt market of Little Rock, Arkansas. The Promenade at Chenal is Tanger's first location in Arkansas, and its second full price, open-air lifestyle center, following Tanger's acquisition of Bridge Street Town Centre in Huntsville, Alabama, late last year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241210578397/en/Tanger has acqui
Achieves 11th Consecutive Quarter of Positive Rent Spreads All Centers Open and Operating after Multiple Storms Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three and nine months ended September 30, 2024. "I am pleased to announce another quarter of strong performance and an increase in our full-year guidance," said Stephen Yalof, President and Chief Executive Officer. "Our team remains focused on elevating our shopper experience and attracting in-demand retailer brands and a diversified tenant mix, along with more food and beverage and experiential destinations. Our st
Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on November 15, 2024 to common shareholders of record on October 31, 2024. 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 includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U
GREENSBORO, N.C., Aug. 21, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended September 30, 2024 will be released on Wednesday, November 6, 2024 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, investors.tanger.com. A telephone replay of the call will be avail
Achieves 10th Consecutive Quarter of Positive Rent Spreads Successfully Executing on Tenant Diversification and Re-merchandising Strategy Balance Sheet Remains Well Positioned GREENSBORO, N.C., Aug. 1, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three and six months ended June 30, 2024. "I am pleased to announce another quarter of strong performance and an increase in our full-year guidance," said Stephen Yalof, President and Chief Executive Officer. "Our team continues to execute on our strategic plan, which is translating into total rent growth inclu
GREENSBORO, N.C., July 16, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on August 15, 2024 to common shareholders of record on July 31, 2024. 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 includes over 15 million square feet well positioned across tourist
GREENSBORO, N.C., May 23, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended June 30, 2024 will be released on Thursday, August 1, 2024 after the market close. The Company will host its conference call for analysts, investors and other interested parties on Friday, August 2, 2024 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, investors.tanger.com. A telephone replay of the call will be available from Augu
Grows Same Center Occupancy by 60 Basis Points Year Over Year Achieves 9th Consecutive Quarter of Positive Rent Spreads Increases, Extends and Improves Pricing of Unsecured Lines of Credit GREENSBORO, N.C., April 30, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three months ended March 31, 2024. "We are pleased to announce another quarter of strong financial and operating results along with a recent 6% dividend increase," said Stephen Yalof, President and Chief Executive Officer. "We are strategically focused on elevating and diversifying our tenant mix
Prestige beauty brand will open five stores in Tanger shopping centers later this year, growing and elevating Tanger's beauty and wellness offerings GREENSBORO, N.C., June 3, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, will bring five additional Sephora stores to its shopping centers this year, significantly advancing Tanger's offerings in the beauty and wellness category. Sephora is the largest prestige beauty retailer in the world. The five new Sephora locations, each averaging approximately 5,000 square feet, will open later this year in Tanger's shopping centers in Charleston, S.C.; Deer Park, N.Y.; National
GREENSBORO, N.C., Sept. 11, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE:SKT), a leading operator of upscale, open-air shopping centers, announced today the appointment of Jessica K. Norman as the company's Executive Vice President, General Counsel and Secretary, effective September 12, 2023. In this role, Ms. Norman will lead Tanger's legal organization, including its corporate governance and compliance functions. Ms. Norman will report to Stephen Yalof, President and Chief Executive Officer, and will sit on the executive leadership team. "We are very pleased to welcome Jessica Norman to the Tanger executive team and legal group," said Yalof. "Jessica has a wide range of public company exper
GREENSBORO, N.C., July 5, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE:SKT), a leading operator of upscale open-air outlet centers, today announced updates to the Company's Board of Directors. Bridget Ryan-Berman, who has been a member of the Company's Board since January 1, 2009, has been appointed lead independent director, a position previously held by David B. Henry. This is consistent with the Company's long-standing policy to rotate independent directors as the chair of the various committees and the lead director. "As part of our ongoing efforts to refresh leadership on our Board, Bridget Ryan-Berman has been appointed lead independent director," said Steven B. Tanger, Executive Chair
RLJ Lodging Trust ("RLJ" or the "Company") (NYSE:RLJ) today announced the appointment of Chad D. Perry as Executive Vice President and General Counsel. Prior to his appointment, Mr. Perry served as Executive Vice President, General Counsel and Secretary of Tanger Factory Outlet Centers, Inc. (NYSE:SKT). In his role at RLJ, Mr. Perry will lead the Company's legal department, reporting to President and Chief Executive Officer Leslie D. Hale. "I am thrilled to welcome Chad to RLJ," said Leslie D. Hale, RLJ's President and CEO. "Chad has a strong track record of effectively overseeing legal affairs, corporate governance, and risk management, in addition to his extensive background in the REIT
Guerrilla RF, Inc. (OTCQX:GUER), a leading provider of state-of-the-art RF and microwave communications solutions, today announced the appointment of Virginia R. Summerell to its Board of Directors effective February 20, 2023. Summerell is Guerrilla RF's second female board member, and she is part of an increasingly diverse board. As Guerrilla RF executes its plans for growth, the company intends to draw on Summerell's financial expertise gained from her leadership at Tanger Outlet Centers, Inc. ("Tanger") (NYSE:SKT). Her experience at Tanger, involving the company's evolution from a privately held family business to a publicly traded company, is expected to be especially helpful as Guerril
GREENSBORO, N.C., Sept. 19, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), a leading operator of upscale, open-air outlet centers, announced today the appointment of Michael Bilerman as the company's EVP, Chief Financial Officer and Chief Investment Officer. Mr. Bilerman will leverage his significant industry knowledge and relationships as he focuses on further enhancing the company's strategic growth initiatives, managing the finance, capital markets and investor relations teams and leading the company's Capital Allocation and Investment Committees. Mr. Bilerman will report to Stephen Yalof, President and Chief Executive Officer, and will sit on the Office of the Presi
GREENSBORO, N.C., Dec. 2, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leader in the outlet industry, announced today the promotion of Leslie Swanson from Executive Vice President of Operations to Chief Operating Officer and the appointment of Andrew Wingrove to the role of Chief Commercial Officer. In these new roles, Swanson will continue to play a critical role in driving and maintaining operational results within the company, while Wingrove will focus on the brand's customer experience and loyalty. Leslie Swanson's promotion to Chief Operating Officer will give her the opportunity to drive the company's operating principles with direct oversight of Operation
GREENSBORO, N.C., Aug. 19, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers (NYSE:SKT), a leader in the outlet industry, today announced the appointment of Virginie Julie Schena as SVP, People and Culture. In this role, Schena will be responsible for leading the overall people strategy, vision, planning and execution. She will report directly to Chad Perry, Executive Vice President, General Counsel and Secretary. "I am thrilled to welcome Virginie to the Tanger team and look forward to working with her to foster a diverse workplace committed to innovation, teamwork, and excellence," said Mr. Perry. "Her invaluable experience creating award-winning workplaces, teams, and practices will empo
GREENSBORO, N.C., May 25, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), a leader in the outlet industry, today announced the appointment of Steve Dworkin as Senior Vice President of Real Estate and Steven Silverstein as Assistant Vice President of Leasing. In these roles, Dworkin will be responsible for real estate and new development, while Silverstein will oversee leasing strategy and new development. "I am delighted to welcome Steve Dworkin and Steven Silverstein to the team," said Mr. Yalof. "Both bring invaluable industry knowledge and insight to their respective roles, and will drive concrete results for the company. Tanger will benefit considerably from their ex
GREENSBORO, N.C., Jan. 14, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors declared a cash dividend of $0.1775 per share, payable on February 12, 2021 to common shareholders of record on January 29, 2021. "This dividend declaration reflects Tanger's strong liquidity position, with more than $80 million of cash on hand and $600 million of undrawn lines of credit, and the Board's confidence in our business, as demonstrated by the positive traffic and rent collections trends we recently reported," said Stephen Yalof, President and Chief Executive Officer. The Company curr