Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced a quarterly dividend on Thursday, October 10th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.355 per share by the real estate investment trust on Friday, November 15th. This represents a $1.42 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend is Wednesday, October 30th.
NYSE:SKT opened at $17.43 on Monday. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50-day moving average of $15.73 and a 200-day moving average of $16.56. The company has a market cap of $1.62 billion, a PE ratio of 7.03 and a beta of 0.68. Tanger Factory Outlet Centers has a one year low of $13.61 and a one year high of $24.65.
A number of equities research analysts have issued reports on SKT shares. Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, September 18th. ValuEngine raised shares of Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.60.
About Tanger Factory Outlet Centers
Tanger Factory Outlet Centers, Inc (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies.
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