Home Dividends High Dividend Yield Stock in the Spotlight: Tanger Factory Outlet Centers (NYSE: SKT)

Stock in the Spotlight: Tanger Factory Outlet Centers (NYSE: SKT)

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Tanger Factory Outlet Centers trades as part of the real estate sector and is part of the REITs industry. The company CEO is Steven B. Tanger. Tanger Factory Outlet Centers Inc owns and operates outlet centers in the United States and Canada. It is a self-administered and self-managed REIT. It also develops, acquires, owns and manages outlet shopping centers.

Previous Intraday Trading Performance:

The SKT stock showed a previous change of 0.33% with an open at 24.00 and a close of 24.04. It reached an intraday high of 24.18 and a low of 23.86.

SeekingAlpha:  High Yield Dividend Champion Portfolio - July Update

Liquidity:

The stock has a market cap of $2.3b with 94.4m shares outstanding, of which the float is 91.4m shares. Trading volume reached 1,055,586 shares compared to its average volume of 1,445,641 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Tanger Factory Outlet Centers shares returned 1.35% and in the past 30 trading days it returned 13.34%. Over three months, it changed 6.22%. In one year it has changed -1.10% and within that year its 52-week high was 27.88 and its 52-week low was 19.86. SKT stock is 21.05% above its 52 Week Low.

Our calculations show a 200 day moving average of 22.96 and a 50 day moving average of 22.04. Currently SKT stock is trading 4.68% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  High Yield Dividend Champion Portfolio - July Update

Earnings:

The last annual fiscal EPS for the company was reported at 0.7 that ended on 31st of December 2017, which according to the previous close, that is a PE of 34.34. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.59. The TTM EPS is 2.12, which comes to a TTM PE of 11.34. Historically, the PE high was 69.20 and the PE low was 10.90. If the stock reached its PE low, that would represent a price of 23.11, which is a decrease of -3.88%.

The following are the last four quarter reported earnings per share:
03-31-2018:  0.60
12-31-2017:  0.66
09-30-2017:  0.27
06-30-2017:  0.59

The dividend per share is currently 1.40, which is a dividend yield of 5.84%.

Base on our calculations, the intrinsic value per share is 38.50, which means it is possibly undervalued and has a margin of safety of 37.55%

Indicators to Watch:

Based on the latest filings, there is 98.10% of institutional ownership. Short-interest is 23,896,045, which is 25.32% of shares outstanding. The short-interest ratio or days-to-cover ratio is 21.64. This stock has a high level of short interest and may fall in value in the near term.

The current calculated beta is 0.56

SeekingAlpha:  Service declares $0.17 dividend

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 10.30%, return on assets is 2.52%, profit margin is 10.66%, price-to-sales is 6.13 and price-to-book is 4.01.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 2  :Past Performance Score
 1  :Financial Strength Score
 1  :Future Growth Score
 4  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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