How to buy Tanger Factory Outlet Centers shares

Own Tanger Factory Outlet Centers shares in just a few minutes.

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Tanger Factory Outlet Centers, Inc (SKT) is a leading reit-retail business with stocks listed in the US. It opened the day at US$15.83 after a previous close of US$16.38. During the day the price has varied from a low of USD14.96 to a high of USD16.475. The latest price was USD16.39 (25 minute delay). Tanger Factory Outlet Centers is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in Tanger Factory Outlet Centers

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Tanger Factory Outlet Centers. Find the share by name or ticker symbol: SKT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tanger Factory Outlet Centers reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Tanger Factory Outlet Centers, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Tanger Factory Outlet Centers. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Tanger Factory Outlet Centers share price

Use our graph to track the performance of SKT stocks over time.

Tanger Factory Outlet Centers shares at a glance

Information last updated 2021-02-24.
OpenUS$15.83
HighUS$16.475
LowUS$14.96
CloseUS$16.39
Previous closeUS$16.38
Change US$0.01
Change % 0.0611%
Volume 3,102,097
Information last updated 2021-02-23.
52-week rangeUS$3.8155 - US$20.7511
50-day moving average US$13.4009
200-day moving average US$9.0078
Target priceUS$10.5
PE ratio 6.6452
Dividend yield US$0.357 (2.27%)
Earnings per share (TTM) US$1.26

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Is it a good time to buy Tanger Factory Outlet Centers stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Tanger Factory Outlet Centers price performance over time

Historical closes compared with the close of $16.39 on N/A

1 week (2021-02-13) N/A
1 month (2021-01-20) N/A
3 months (2020-11-20) N/A
6 months (2020-08-20) N/A
1 year (2020-02-20) N/A
2 years (2019-02-20) N/A
3 years (2018-02-20) N/A
5 years (2016-02-20) N/A

Is Tanger Factory Outlet Centers under- or over-valued?

Valuing Tanger Factory Outlet Centers stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tanger Factory Outlet Centers's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Tanger Factory Outlet Centers's P/E ratio

Tanger Factory Outlet Centers's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, Tanger Factory Outlet Centers shares trade at around 7x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Tanger Factory Outlet Centers's PEG ratio

Tanger Factory Outlet Centers's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 11.925. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tanger Factory Outlet Centers's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Tanger Factory Outlet Centers's EBITDA

Tanger Factory Outlet Centers's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$213 million (£0.0 million).

The EBITDA is a measure of a Tanger Factory Outlet Centers's overall financial performance and is widely used to measure a its profitability.

Tanger Factory Outlet Centers financials

Revenue TTM US$394.2 million
Operating margin TTM 23.53%
Gross profit TTM US$257.1 million
Return on assets TTM 2.59%
Return on equity TTM -9.33%
Profit margin -9.2%
Book value 3.649
Market capitalisation US$1.5 billion

TTM: trailing 12 months

Shorting Tanger Factory Outlet Centers shares

There are currently 36.8 million Tanger Factory Outlet Centers shares held short by investors – that's known as Tanger Factory Outlet Centers's "short interest". This figure is 17.8% down from 44.8 million last month.

There are a few different ways that this level of interest in shorting Tanger Factory Outlet Centers shares can be evaluated.

Tanger Factory Outlet Centers's "short interest ratio" (SIR)

Tanger Factory Outlet Centers's "short interest ratio" (SIR) is the quantity of Tanger Factory Outlet Centers shares currently shorted divided by the average quantity of Tanger Factory Outlet Centers shares traded daily (recently around 6.3 million). Tanger Factory Outlet Centers's SIR currently stands at 5.81. In other words for every 100,000 Tanger Factory Outlet Centers shares traded daily on the market, roughly 5810 shares are currently held short.

However Tanger Factory Outlet Centers's short interest can also be evaluated against the total number of Tanger Factory Outlet Centers shares, or, against the total number of tradable Tanger Factory Outlet Centers shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Tanger Factory Outlet Centers's short interest could be expressed as 0.39% of the outstanding shares (for every 100,000 Tanger Factory Outlet Centers shares in existence, roughly 390 shares are currently held short) or 0.5868% of the tradable shares (for every 100,000 tradable Tanger Factory Outlet Centers shares, roughly 587 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Tanger Factory Outlet Centers.

Find out more about how you can short Tanger Factory Outlet Centers stock.

Tanger Factory Outlet Centers share dividends

34%

Dividend payout ratio: 33.86% of net profits

Recently Tanger Factory Outlet Centers has paid out, on average, around 33.86% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.86% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Tanger Factory Outlet Centers shareholders could enjoy a 4.86% return on their shares, in the form of dividend payments. In Tanger Factory Outlet Centers's case, that would currently equate to about $0.357 per share.

While Tanger Factory Outlet Centers's payout ratio might seem fairly standard, it's worth remembering that Tanger Factory Outlet Centers may be investing much of the rest of its net profits in future growth.

Tanger Factory Outlet Centers's most recent dividend payout was on 12 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 January 2021 (the "ex-dividend date").

Have Tanger Factory Outlet Centers's shares ever split?

Tanger Factory Outlet Centers's shares were split on a 2:1 basis on 25 January 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Tanger Factory Outlet Centers shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Tanger Factory Outlet Centers shares which in turn could have impacted Tanger Factory Outlet Centers's share price.

Tanger Factory Outlet Centers share price volatility

Over the last 12 months, Tanger Factory Outlet Centers's shares have ranged in value from as little as US$3.8155 up to US$20.7511. A popular way to gauge a stock's volatility is its "beta".

SKT.US volatility(beta: 1.97)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Tanger Factory Outlet Centers's is 1.9707. This would suggest that Tanger Factory Outlet Centers's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Tanger Factory Outlet Centers overview

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.

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