Is Tanger Outlets Stock a Buy?
The rapid decline can be attributed to government-required retail store closures. Tanger Factory Outlet Centers (NYSE: SKT) is one of those property owners waiting to see what happens next. Headquartered in North Carolina, Tanger Outlets is a real estate investment trust (REIT) with 39 upscale outlet shopping centers in 20 states and Canada, leasing to over 2,800 stores.