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)


Tanger Factory Outlet Centers is in the real estate sector and is in 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 -0.98% with an open at 16.47 and a close of 16.23. It reached an intraday high of 16.63 and a low of 16.19.

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The stock has a market cap of $1.5b with 94.1m shares outstanding, of which the float is 90.9m shares. Trading volume reached 1,269,147 shares compared to its average volume of 1,851,639 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 -5.91% and in the past 30 trading days it returned -10.13%. Over three months, it changed -20.76%. In one year it has changed -24.46% and within that year its 52-week high was 24.91 and its 52-week low was 16.19. SKT stock is 0.25% above its 52 Week Low.

Our calculations show a 200 day moving average of 20.73 and a 50 day moving average of 18.37. Currently SKT stock is trading -21.69% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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The last annual fiscal EPS for the company was reported at 0.44 that ended on 31st of December 2018, which according to the previous close, that is a PE of 36.89. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.57. The TTM EPS is 2.47, which comes to a TTM PE of 6.57. Historically, the PE high was 53.00 and the PE low was 6.57. SKT stock has set a new PE low record!

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 0.66
4thQtr of 2018 0.21
3rdQtr of 2018 -0.24
2ndQtr of 2018 0.24
1stQtr of 2018 0.24

The dividend per share is currently 1.42, which is a dividend yield of 8.75%. 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 32.97, which means it is possibly undervalued and has a margin of safety of 50.77%.

Indicators to Watch:

Short-interest was 32,904,472, which was 34.97% of shares outstanding. The short-interest ratio or days-to-cover ratio was 16.55. This stock has a high level of short interest and may fall in value in the near term.

The current calculated beta is 0.68.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 15.66%, return on assets is 3.36%, profit margin is 18.08%, price-to-sales is 3.18 and price-to-book is 3.23.

Company Scores:

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

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.