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Tanger Factory Outlet Centers, Inc. (SKT)

NYSE - NYSE Delayed price. Currency in USD
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17.50+0.26 (+1.51%)
At close: 4:00PM EDT
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  • K
    Ken
    Have to hand it to Champ this time, he was right on. He (and a couple others) predicted the dividend raise coming soon just 4 days ago. I hadn't really expected one before next year, since Tanger traditionally likes to establish a record of annual raises. That indicates to me they are very comfortable with their financial situation and will likely continue with further dividend increases next year, possibly at more frequent intervals than once annually. I believe they see fundamentals (lease rates and occupancy) continuing to improve. I had been slowly adding shares whenever it dropped well down into the 16's, was actually hoping for the 15's again to add a lot more, but it may not drop into the 15's again barring an adverse economic event such as a bad recession. I suspect it could soon move back into an $18-20 trading range, possibly further if the still-large short interest decides to start unwinding their hedges soon.
  • K
    Ken
    Another short squeeze to come in this sooner or later appears to be inevitable. Price has held up well so far through all recent periods of market weakness. Even though interest rates may still be low for shorts, the dividends add up when price stays stable and are a double whammy as the share price rises. Makes little sense to short here, so likely most remaining shorts are simply hedges by some big players.
  • s
    sam
    I like the action of a small increase in the dividend.

    First, it shows that the company is aware that dividend is important to shareholders.

    Secondly, it shows that the Company has financial disciple. The excess can be used to reduce debt, Or..... allow the company to expand without using excessive leverage.

    This stock is a long term hold for good dividend and value.
  • C
    Canyon Traveler
    SKT is still a very good short squeeze candidate with over 16M shares short.
  • o
    outdated
    No need to buy or sell here if long term investor. It's reasonably priced. If we go into recession, you can pick up shares on sale.
  • B
    Billy
    1.46 billion debt. why not pay that off first. why even pay a dividend if you owe money.
  • K
    Ken
    I was reading a few days ago about Miniso, a China-based company, planning to greatly expand its presence in the US by opening many retail stores by the end of 2021 due to attractive low lease rates in malls. I think their typical store might be around 4,000 sq. ft. I don't really know much else about them. Does anyone know about possible prospects for them entering into leases with Tanger to fill any vacant space? They seem like the sort of retailer that might be a good fit. If so, it might be a great opportunity for Tanger to fill up vacant space and quickly get back to previously high occupancy rates.
  • C
    CHAMP
    well well well, a dividend raise.........lock in on Dividend at this low price point, and BUY BUY BUY, with a 20-22 target with momentum 25-30 range, Skt was around 40$ in 2017, hummmmmm, opinion only g luck
  • C
    CHAMP
    Great time to buy on any dip plus dividend, 15-22 is the trade range
    So back the truck up and Buy Buy Buy, dividends going up soon, lock in
    Opinion only g luck
  • s
    sam
    Today's HR Head announcement is interesting.

    I have over 40 years of major coorporation experience, but this is the first time i see HR reports to General Council (Legal).

    This can mean company has personnel issues. Or company is grooming the general council for better things.
  • M
    Moonshot
    Retail sales up nicely. SPG up nicely also.
  • C
    CHAMP
    Folks
    Load up on Skt at this gift price and dividend
    Delta will not cause closing or shutdowns especially outdoor malls
    Masking or no masking
    Outdoor shopping and Skt are thriving and packed, buy buy buy
  • C
    CHAMP
    consumer spending held up thru the Delta speed bump, FOLKS go BUY a Truck load of SKT, outdoor shopping malls are thriving expanding, great dividend, BUY with a near term 20-22 target...
    forget the negitive Shortys that post on here BUY BUY BUY, opinion only g luck
  • C
    CHAMP
    Fyi,
    its time to state the obvious, TIME FOR THE SHORTS TO START BOLTING, BUY BACK SHARES,

    SKT is going to start to climb to 20s range, with a UPSIDE to 40,

    with a 4% COMPOUNDING dividend, that could and should be raised back to Pre Covid levels of 7-8% div

    OUTDOOR MALLS OPEN and THATS WHERE ITS AT NOW and FORWARD, public likes on line shopping, BUT the public LOVES OUTDOOR MALLS, brick and mortar , SKT has like 94% rentals now and everything basically current in rent now, so moving forward, ill say it now

    SKT will BLOWOUT EARNINGS next FEW quarters, so BUY BUY BUY, SQUEEZE SQUEEZE SQUEEZE SHORTS BABY!!

    opinion only g luck
  • T
    Terry L
    Second Quarter Results
    Core Funds From Operations ("Core FFO") available to common shareholders was $0.43 per share, or $46.3 million, compared to $0.10 per share, or $10.0 million, for the prior year period.
  • C
    CHAMP
    Simon property group just raised its dividend
    Look for Tanger to possibly raise it dividend back up from dividend cut thru pandemic back to dividend avg of 7-8%
    Skt is a huge Buy moving forward big earnings ahead…
    Opinion only g luck
  • C
    CHAMP
    Hello…..Skt just completed a offering on notes of $400 million
    They are using that to redeem Sr. Notes equaling like $390 m
    All to be completed by middle of September 2021 this yr!!!

    Skt just had blowout earnings,..

    Skt at 98% occupancy and 98% current on all back rent from Covid

    Skt pays a 4% Compounding dividend, they cut it in half for Covid
    But they average 7-8% , so with earnings up up look for a dividend raise sooner then later

    Tanger Outdoor malls are hugely thriving and expanding plus diversification in tenets

    The trade range pre and post Covid if ruffly 15-20, at 17.25
    Skt is a huge buy…..

    Opinion only Gluck
  • M
    Moonshot
    Delta is beginning to rollover. It did the same thing in Israel and England, etc. CNN will need to find something else to try to frighten the lemmings.
    Remember, wear your masks. I wear mine and have it covering my bald spot so I don't get sunburned when fishing.
  • S
    Steven
    Covid or not, SKT has a declining business model where the only reason it’s gone over $12 is due to catching “meme fame” back earlier this year.
  • C
    Canyon Traveler
    They should use the excess $$ from the new notes and from FFO to buy back the shares they issued this past year... anytime the price is less than the issue price.

    It's time they start returning capital to shareholders and put the short sellers in their place!!