Home Dividends High Dividend Yield Latest Valuation: Tanger Factory Outlet Centers (NYSE: SKT)

Latest Valuation: Tanger Factory Outlet Centers (NYSE: SKT)

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Tanger Factory Outlet Centers is in the real estate sector and 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 -0.09% with an open at 21.65 and a close of 21.53. It reached an intraday high of 21.75 and a low of 21.23.

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Liquidity:

The stock has a market cap of $2.0b with 93.9m shares outstanding, of which the float is 91.0m shares. Trading volume reached 987,007 shares compared to its average volume of 1,099,857 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Tanger Factory Outlet Centers shares returned -0.05% and in the past 30 trading days it returned 0.24%. Over three months, it changed -6.41%. In one year it has changed 3.18% and within that year its 52-week high was 24.91 and its 52-week low was 19.76. SKT stock is 8.96% above its 52 Week Low.

Our calculations show a 200 day moving average of 22.04 and a 50 day moving average of 21.73. Currently SKT stock is trading -2.30% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

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Earnings:

The last annual fiscal EPS for the company was reported at 2.47 that ended on 31st of December 2018, which according to the previous close, that is a PE of 47.84. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.62. The TTM EPS is 2.47, which comes to a TTM PE of 8.72. Historically, the PE high was 53.00 and the PE low was 8.72. SKT stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
12-31-2018:  0.64
09-30-2018:  0.63
06-30-2018:  0.60
03-31-2018:  0.60

The dividend per share is currently 1.42, which is a dividend yield of 6.60%. Also, the payout ratio is 57.49%, therefore the dividend is safe according to our calculations. SKT stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 32.48, which means it is possibly undervalued and has a margin of safety of 33.71%

Indicators to Watch:

Based on the latest filings, there is 3.20% of insider ownership and 152.60% of institutional ownership. Short-interest is 22,047,620, which is 23.47% of shares outstanding. The short-interest ratio or days-to-cover ratio is 20.38. This stock has a high level of short interest and may fall in value in the near term.

The current calculated beta is 0.78

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 8.00%, return on assets is 1.72%, profit margin is 9.38%, price-to-sales is 4.17 and price-to-book is 4.25.

Company Scores:

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