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Tanger Factory Outlet Centers (SKT)

Tanger Factory Outlet Centers, Inc. is a leading operator of upscale open-air outlet centers that owns, or has an ownership interest in, a portfolio of 36 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 13.6 million square feet, leased to over 2,500 stores operated by more than 500 different brand name companies. The Company has more than 40 years of experience in the outlet industry and is a publicly-traded REIT.

SKT stock data

Analyst ratings and price targets

Last 3 months

Calendar

8 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
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Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 James Floyd Williams Common Stock Payment of exercise Dispose F No No 14.22 23,313 331.51K 120,028
17 May 22 Reddin Thomas Common Stock Sell Dispose S No No 19.2 5,000 96K 40,654
16 May 22 Reddin Thomas Common Stock Sell Dispose S No No 18 10,000 180K 45,654
13 May 22 Citrin Jeffrey B Common Stock Grant Acquire A No No 0 1,220.56 0 116,296.01
11 Apr 22 Stephen Yalof Common Stock Payment of exercise Dispose F No No 17.05 62,007 1.06M 470,306
11 Mar 22 Thomas Joseph Guerrieri JR Common Stock Sell Dispose S No No 17.25 2,000 34.5K 45,894
24.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 256 274 -6.6%
Opened positions 30 48 -37.5%
Closed positions 48 20 +140.0%
Increased positions 81 87 -6.9%
Reduced positions 94 83 +13.3%
13F shares Current Prev Q Change
Total value 1.42B 1.64B -13.6%
Total shares 82.46M 85.25M -3.3%
Total puts 964.4K 2.41M -60.1%
Total calls 1.51M 1.96M -22.9%
Total put/call ratio 0.6 1.2 -48.2%
Largest owners Shares Value Change
BLK Blackrock 18.27M $314M -2.2%
Vanguard 16.88M $290.2M +0.2%
STT State Street 6.25M $107.48M +12.6%
AMP Ameriprise Financial 3.08M $52.9M -9.1%
LSV Asset Management 2.4M $41.21M +4.3%
Geode Capital Management 2.08M $35.76M +4.0%
Charles Schwab Investment Management 1.76M $30.18M -0.5%
NTRS Northern Trust 1.57M $26.95M -4.1%
Dimensional Fund Advisors 1.53M $26.31M -0.7%
FMR 1.46M $25.04M +0.8%
Largest transactions Shares Bought/sold Change
Nuveen Asset Management 851.63K -1.26M -59.7%
Waterfront Capital Partners 1.22M +1.22M NEW
Norges Bank 0 -996.34K EXIT
WFC Wells Fargo & Co. 194.26K -712.38K -78.6%
STT State Street 6.25M +700.76K +12.6%
Pacer Advisors 511.64K +511.64K NEW
Capital Growth Management 1.36M +510K +60.0%
Adelante Capital Management 0 -463.28K EXIT
GS Goldman Sachs 225.01K -446.04K -66.5%
BLK Blackrock 18.27M -418.53K -2.2%

Financial report summary

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Management Discussion
  • Net income increased $18.2 million in the 2022 period to $20.8 million as compared to net income of $2.6 million for the 2021 period. Significant items impacting the comparability for the two periods include the following:
  • •the current period includes $2.4 million of executive severance costs,
  • •the current period includes a gain of $2.4 million related to the sale of a non-real estate asset,

Content analysis

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H.S. sophomore Avg
New words: accommodate, aircraft, began, employee, fewer, Guerrieri, half, Jr, macroeconomic, Ohio, paired, regional, technology
Removed: Chief, collected, domestic, foot, global, offered, President, relief, requested, response, returned, rolling