Stocks to sell is a necessary discussion. Although it may feel good to remain loyal to an organization in the hopes of a substantial turnaround, it’s time to let go of some of the weaker entities. Fundamentally, the Federal Reserve plays an incredibly significant role in the red ink. With the central bank raising the key benchmark interest rate, borrowing costs increased, thereby hurting risk-on sentiments. For instance, heading into the final day of trading in September, the S&P 500 slipped 24% on a year-to-date basis. Therefore, it’s prudent to consider certain stocks to sell. In addition, InvestorPlace’s Louis Navellier probably said it best regarding troubled corporate entities. Essentially, their problems become your problems if you acquire their securities. The point about stocks to sell isn’t about “hating” on certain companies. Rather, you want to keep your portfolio drama free heading into a contentious October. NKE Nike $83.83 ANF Abercrombie & Fitch $15.75 LYFT Lyft $13.54 SKT Tanger Factory Outlet $13.68 RDFN Redfin $5.86 KBH KB Home $26.17 OPEN Opendoor $3.10 Nike (NKE) Source: Shutterstock Prior to the fiscal first-quarter earnings report for Nike (NYSE: NKE ), I mentioned that Wall Street was waiting anxiously for the results .
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KB Home found using ticker (KBH) have now 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 53 and 24 calculating the mean target price we have 38.92. Now with the previous closing price of 25.51 this would indicate that there is a potential upside of 52.6%. The 50 day MA is 30.14 and the 200 day MA is 34.51. The market capitalisation for the company is $2,353m. Visit the company website at: https://www.kbhome.com [stock_market_widget type="chart" template="basic" color="green" assets="KBH" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,589m based on the market concensus. KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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The share price of KB Home (NYSE:KBH) rose to $26.99 per share on Wednesday from $25.51. While KB Home has overperformed by 5.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KBH fell by -32.93%, with highs and lows ranging from $50.20 to $24.78, whereas the […]
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KB Home generates strong profits and capital returns to boost its book value even as the housing market slows. Click here to read why KBH stock represents attractive value.
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Well, folks, the talk of the week has certainly been about the Federal Open Market Committee (FOMC) meeting this past Wednesday. As we talked about on Thursday , the Federal Reserve voted unanimously to raise key interest rates by 75 basis points for the third-straight time. The Fed’s decision on Wednesday was, of course, fully expected. I was hoping for a 100-basis-point increase, but the Fed doesn’t listen to me! What was a little surprising was that the Fed revealed it wants to get the Fed Funds rate to 4.25% by year end. So, we can expect another 75-basis-point hike in November and a 50-basis-point increase in December. And then the Fed is going to hold rates at that level for an extended period of time until they make sure that inflation is defeated. The reality is the Fed has done a number on the market. They are purposely deflating assets, stocks, real estate – anything sensitive to interest rates. And, simply put, folks, what the Fed is doing destroys the housing market. In today’s Market 360, we’re going to talk about what the Fed’s rate increases mean for the housing market… and what it means for homebuilder stocks.
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Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for its third quarter of 2022 this week. This, along with a downbeat guidance and signs of a slowdown in the housing market, has raised concerns […]
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U.S. stocks closed lower with the Dow Jones dropping more than 100 points on Thursday. Here is the list of some big stocks recording losses in the previous session. Luminar Technologies, Inc. (NASDAQ: LAZR ) dropped 16.1% to close at $7.86 after Northland Capital downgraded the stock from Outperform to Market Perform and lowered its price target from $13 to $10. Novavax, Inc. (NASDAQ: NVAX ) declined 13.3% to settle at $22.44. JP Morgan downgraded Novavax from Neutral to Underweight and lowered the price target from $132 to $27. Zai Lab Limited (NASDAQ: ZLAB ) declined 13% to close at $37.33. Rocket Lab USA, Inc. (NASDAQ: RKLB ) dropped 12.4% to settle at $4.31. Carvana Co. (NYSE: CVNA ) fell 12% to … Full story available on Benzinga.com
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The Golden Age Of Homebuilding is already over Rising interest rates are cutting into new sales and total activity A correction is already underway in the homebuilders and it may gain momentum after the reports from Lennar and KB Home It was just a year or so ago that Wall Street pundits were touting a […]
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Wednesday''s selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve''s latest policy announcement. The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland''s National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one-one hundredth of a percentage point.) SEE MORE 10 Best Marijuana Stocks to Buy Now "Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won''t be over until closer to the end of the year." The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking.
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Lennar is rallying and KB Home is falling after the homebuilders'' earnings reports. Here are the key levels to know as investors fret about housing.
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Shares of Redfin Corp. [rdfn] tanked 6.5% toward a record-low close, as big jump in Treasury yields weighed on real estate services companies, by increasing concerns over rising mortgage rates and further weakness in the residential housing market. Redfin''s stock has tumbled TK% amid a six-day losing streak, and was headed for the lowest close since it went public in July 2017. Among other real estate services companies, shares of Douglas Elliman Inc. slid 1.1% toward a record low, RE/MAX Holdings Inc. dropped 2.1% and Anywhere Real Estate Inc. gave up 4.2%, while the S&P 500 fell 0.6% and the yield on the 10-year Treasury note , which guides mortgage rates, climbed to an 11-year high of 3.682%. Also weighing on sentiment, home builder KB Home reported disappointing fiscal third-quarter results after Wednesday''s closing bell. In a conference call with analysts, KB Home Chief Executive Jeffrey Mezger said, according to a FactSet transcript: "Although the long-term outlook remains positive, many prospective buyers have paused and moved to the sidelines amid higher mortgage rates along with ongoing inflation and a range of macroeconomic and geopolitical concerns." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
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These are the stocks posting the largest moves in extended trading.
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Lennar and KB Home earnings topped views amid mixed results late Wednesday, but the builders warned of more pain for the housing market.
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These are the stocks posting the largest moves in extended trading.
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Housing affordability is tanking amid rising mortgage rates and high home prices. Read why I see more bearish than bullish risks as we head into earnings.
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KB Home (KBH) is scheduled to announce Q3 earnings results on Wednesday, September 21st, after market close.The consensus EPS Estimate is $2.67 and the consensus Revenue Estimate is…
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Here''s a look at two homebuilding companies, a major restaurant operator, and a China-based travel services firm, all reporting quarterly results late Wednesday or early Thursday.
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Homebuilder stocks have gotten crushed so far in 2022, but one Wall Street analyst said Monday now is the time for investors to buy the dip. The Analyst: KeyBanc analyst Kenneth Zener has issued the following homebuilder stock upgrades: D R Horton Inc (NYSE: DHI ) upgraded from Sector Weight to Overweight with an $84 price target. KB Home (NYSE: KBH ) upgraded from Underweight to Sector Weight. Lennar Corporation (NYSE: LEN ) upgraded from Sector Weight to Overweight with an $89 price target. Meritage Homes Corp (NYSE: MTH ) upgraded from Sector Weight to Overweight with an $87 price target. PulteGroup, Inc. (NYSE: PHM ) upgraded from Sector Weight to Overweight with a $47 price target. Toll Brothers Inc (NYSE: TOL ) upgraded from Underweight to Sector Weight. TopBuild Corp (NYSE: BLD ) upgraded from Sector Weight to Overweight with a $205 price target Related Link: Treasury Bond Yields Hit 11-Year Highs As Investors … Full story available on Benzinga.com
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Kb Home Announces the Debut of Its First New-Home Community in Idaho Business Wire
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FedEx (FDX), Costco (COST), Darden Restaurants (DRI), KB Home (KBH), Lennar (LEN) and General Mills (GIS) are scheduled to report earnings next week.
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On CNBC''s " Options Action ," Michael Khouw of Optimize Advisors said that KB Home (NYSE: KBH ) traded more than 16 times its average daily put volume on Thursday. Check out other stocks making moves in the Full story available on Benzinga.com
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KB Home found using ticker (KBH) have now 14 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 60 and 24 with the average target price sitting at 39.43. With the stocks previous close at 27.79 this now indicates there is a potential upside of 41.9%. The 50 day MA is 30.81 while the 200 day moving average is 35.35. The company has a market capitalisation of $2,417m. Visit the company website at: https://www.kbhome.com [stock_market_widget type="chart" template="basic" color="green" assets="KBH" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,430m based on the market concensus. KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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KB Home with ticker code (KBH) have now 14 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 60 and 24 and has a mean target at 39.43. With the stocks previous close at 27.74 this is indicating there is a potential upside of 42.1%. The 50 day MA is 30.8 while the 200 day moving average is 35.72. The market capitalisation for the company is $2,481m. Company Website: https://www.kbhome.com [stock_market_widget type="chart" template="basic" color="green" assets="KBH" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,526m based on the market concensus. KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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In Wednesday’s session, KB Home (NYSE:KBH) marked $28.65 per share, down from $29.29 in the previous session. While KB Home has underperformed by -2.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KBH fell by -33.42%, with highs and lows ranging from $50.20 to $24.78, whereas […]
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KB Home found using ticker (KBH) have now 14 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 60 and 24 with a mean TP of 39.43. Given that the stocks previous close was at 29.29 this would indicate that there is a potential upside of 34.6%. The day 50 moving average is 30.8 and the 200 day moving average is 35.94. The market capitalisation for the company is $2,497m. Find out more information at: https://www.kbhome.com [stock_market_widget type="chart" template="basic" color="green" assets="KBH" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,362m based on the market concensus. KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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Tanger Factory Outlet Centers, with ticker code (SKT) now have 5 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 21 and 13 calculating the average target price we see 16.4. With the stocks previous close at 17.2 this indicates there is a potential downside of -4.7%. The 50 day MA is 15.44 and the 200 moving average now moves to 17.44. The market capitalisation for the company is $1,945m. Find out more information at: https://www.tangeroutlets.com [stock_market_widget type="chart" template="basic" color="green" assets="SKT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,854m based on the market concensus. Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger''s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies.
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The following slide deck was published by Tanger Factory Outlet Centers, Inc.
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Tanger Factory Outlet Centers, Inc. (NYSE:NYSE:SKT) Q2 2022 Earnings Conference Call August 09, 2022, 08:30 ET Company Participants Ashley Curtis - Assistant Vice President, Investor…
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Tanger Factory Outlets (SKT) narrowed its full-year core FFO guidance Monday after the retail REIT''s Q2 revenue surpassed the Wall Street consensus. The company sees 2022 core FFO…
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Tanger Factory press release (SKT): Q2 Core FFO of $0.45revenue of $105.84M (+4.5% Y/Y)GAAP EPS of $0.19Grows Occupancy by 170 Basis Points to 94.9%Average tenant sales productivity…
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Drives Blended Rent Spreads of 4.1% Grows Occupancy by 170 Basis Points to 94.9% Raises Midpoint of Guidance GREENSBORO, N.C. , Aug. 8, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT ), a leading owner and operator of upscale open-air outlet centers, today reported financial results and operating metrics for the three and six months ended June 30, 2022. "Our results for the first half of 2022 demonstrate the continued achievement of our strategic priorities: accelerating leasing, commercializing marketing and reshaping operations at Tanger''s open-air shopping destinations," said Stephen Yalof , President and Chief Executive Officer. "With a focus on delivering continued NOI growth, we are executing permanent leases with solid rent spreads, growing our occupancy and lengthening lease terms. This leasing momentum and sustained traffic levels reflect retailers'' enthusiasm to be located in our centers and consumers recognizing the value that can be found at Tanger." Mr.
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Tanger Factory Outlet Centers was more volatile than many other REITs we cover. Check out why we consider SKT stock as a buy and also the PT for it.
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Tanger Factory Outlet Centers, found using ticker (SKT) now have 5 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 21 and 13 with the average target price sitting at 16.2. With the stocks previous close at 15.87 this would imply there is a potential upside of 2.1%. The 50 day moving average now sits at 15.78 and the 200 day MA is 17.5. The company has a market cap of $1,704m. Visit the company website at: https://www.tangeroutlets.com [stock_market_widget type="chart" template="basic" color="green" assets="SKT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,739m based on the market concensus. Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger''s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies.
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Could this REIT be a recession-resistant investment?
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Tanger Factory (NYSE:SKT) declares $0.20/share quarterly dividend, in line with previous.Forward yield 5.5%Payable Aug.
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Due to a falling stock price, Tanger Factory’s dividend yield has risen above 5%. Tanger Factory raised its FFO guidance for 2022. See why SKT is a buy.
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Tanger Factory Outlet Centers, found using ticker (SKT) now have 5 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 22 and 16 calculating the average target price we see 18.2. Given that the stocks previous close was at 14.22 this indicates there is a potential upside of 28.0%. The day 50 moving average is 16.35 and the 200 moving average now moves to 17.63. The company has a market cap of $1,578m. Visit the company website at: https://www.tangeroutlets.com [stock_market_widget type="chart" template="basic" color="green" assets="SKT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,020m based on the market concensus. Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger''s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies.
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Tanger Factory Outlet Centers (SKT) named Thomas J. Guerreri, Jr., as principal financial officer on an interim basis as the company searches for a new chief financial officer. Guerreri…
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Tanger Factory Outlet has done well to recover from the COVID-19 pandemic. The company has outpaced the market since 2020, but shares still look cheap. Read to know why I rate it as a Buy.
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GREENSBORO, N.C. , June 16, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT ), a leading operator of upscale open-air outlet centers, announced today that its financial results for the quarter ended June 30, 2022 will be released on Monday, August 8, 2022 , after the market close. The Company will host its conference call for analysts, investors and other interested parties on Tuesday, August 9, 2022 , at 8:30 a.m. Eastern Time . To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger''s Investor Relations website, Full story available on Benzinga.com
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The following slide deck was published by Tanger Factory Outlet Centers, Inc.
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Tanger Factory Outlet Centers (SKT) has dismissed its chief financial officer and treasurer, James F
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Tanger Factory Outlet Centers, Inc. (NYSE:NYSE:SKT) Q1 2022 Earnings Conference Call May 06, 2022, 08:30 ET Company Participants Doug McDonald - SVP, Finance and Capital Markets Steven…
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The following slide deck was published by Tanger Factory Outlet Centers, Inc.
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Tanger Factory Outlet Centers Tops Q1 EPS by 6c
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Tanger Factory (SKT) on Thursday has boosted its full-year FFO per share guidance after Q1 results highlighted strong net operating income growth, positive leasing spreads and…
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Tanger Factory press release (SKT): Q1 FFO of $0.45 beats by $0.05.Revenue of $108.87M beats by $7.25M.Outlook:Consensus FFO Estimate for Q2 is $0.42; Consensus Revenue Estimate for…
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Blended Rent Spreads Turn Positive Occupancy Grows 230 Basis Points Year Over Year Raises Earnings Guidance GREENSBORO, N.C., May 5, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), a leading owner and operator of upscale open-air outlet centers, today reported…
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GREENSBORO, N.C., July 12, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors declared a cash dividend of $0.1775 per share, payable on August 13, 2021, to common
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Tanger Factory Outlet Centers, with ticker code (SKT) have now 6 analysts covering the stock. The analyst consensus points to a rating of ''Underperform''. The range between the high target price and low target price is between 18.5 and 12 calculating the mean target price we have 15.33. Now with the previous closing price of 19.31 this would imply there is a potential downside of -20.6%. The 50 day moving average now sits at 18.26 and the 200 moving average now moves to 15.69. The company has a market capitalisation of $1,932m. Visit the company website at: /> [stock_market_widget type="chart" symbol="SKT" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger''s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies.
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GREENSBORO, N.C., June 25, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its financial results for the quarter ended June 30, 2021 will be released on Tuesday, August 3, 2021 after the
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Related Stocks: SKT ,
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Tanger Factory Outlet Centers, with ticker code (SKT) now have 6 analysts covering the stock. The analyst consensus points to a rating of ''Underperform''. The target price ranges between 17 and 12 with a mean TP of 14.5. With the stocks previous close at 18.84 this now indicates there is a potential downside of -23.0%. The 50 day moving average now sits at 17.15 and the 200 day moving average is 14.42. The market cap for the company is $1,877m. Find out more information at: /> [stock_market_widget type="chart" symbol="SKT" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger''s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT.
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GREENSBORO, N.C., June 4, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc (NYSE: SKT) announced today that Sandeep Mathrani has been elected to its Board of Directors, effective immediately. Mr. Mathrani is currently the Chief Executive Officer of
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GREENSBORO, N.C. , May 26, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT ) announced today that Stephen J. Yalof , President and Chief Executive Officer, will be a featured presenter at Nareit's REITweek 2021 Virtual Investor Conference on Wednesday, June 9 th at 10:15 am EDT . To access the company's live presentation, attendees are required to register for REITweek using the following link: 2021 Nareit REITweek Investor Conference Registration . Registration is free. The link to access the REITweek virtual environment will be posted on this … Full story available on Benzinga.com
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GREENSBORO, N.C. , May 26, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT ) announced today that Stephen J. Yalof , President and Chief Executive Officer, will be a featured presenter at Nareit''s REITweek 2021 Virtual Investor Conference on Wednesday, June 9 th at 10:15 am EDT . To access the company''s live presentation, attendees are required to register for REITweek using the following link: 2021 Nareit REITweek Investor Conference Registration . Registration is free. The link to access the REITweek virtual environment will be posted on this Full story available on Benzinga.com
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GREENSBORO, N.C. , May 25, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT ), a leader in the outlet industry, today announced the appointment of Steve Dworkin as Senior Vice President of Real Estate and Steven Silverstein as Assistant Vice President of Leasing. In these roles, Dworkin will be responsible for real estate and new development, while Silverstein will oversee leasing strategy and new development. "I am delighted to welcome Steve Dworkin and Steven Silverstein to the team," said Mr. Yalof. "Both bring invaluable industry knowledge and insight to their respective roles, and will drive concrete results for the company. Tanger will benefit considerably from their experience delivering consistent results while motivating and inspiring their teams." Dworkin brings over 20 years of experience across large-scale real estate Full story available on Benzinga.com
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Shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) have received a consensus rating of Hold from the nine research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among brokers []
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Tanger Factory Outlet Centers Inc (NYSE: SKT ), an operator of high-end outlet shopping malls, opened Tuesday down 10% following a downgrade by Goldman Sachs. Last week, shares of Tanger skyrocketed 40% after r/WallStreetBets targeted short sellers of the real estate investment trust. At the time, Tanger was the most heavily shorted stock next to GameStop Corporation (NYSE: GME ), with a short interest of almost 40%. The Tanger Analyst: Goldman Sachs analyst Caitlin Burrows downgraded Tanger from Neutral to Sell and raised the price target from $11 to $12.50. The Tanger Thesis: The COVID-19 pandemic has hit the retail sector hard as closures and stay-at-home orders have forced shoppers to buy online. When vaccines began to really roll out at the beginning of this year, however, shares in retail companies have soared as investors pegged them as re-opening names. Tanger's stock is up 67% in 2021 and similar companies such as Brixmor Property Group Inc (NYSE: BRX ) have seen shares rise 25% over the same period. “Retail REIT multiples have seen the greatest multiple expansion across REITs, +88%, since 11/1/20 (prior …
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On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Tanger Factory Outlet Centers Inc. (NYSE: SKT). He said …
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Tanger Outlets in National Harbor, Md. Mark Gail | For The Washington Post | Getty Images Shares of Tanger Factory Outlet Centers surged 20% in early trading on Thursday, becoming the latest heavily shorted stock to make a rapid move higher this year, before retreating and finishing in the red for the session. The retail […]
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Heavily shorted Tanger Factory Outlet Centers stock surged 20 percent early on Thursday, reports CNBC. CoreLogic insists CoStar’s new acquisition offer is still not good enough, according to Reuters. These are among today’s must reads from around the commercial real estate industry.
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Tanger Factory Outlet Centers Becomes Next Target for WallStreetBets – #stocks chatter
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Tanger and fellow shopping center REIT Macerich Co were swept up in a rally among "meme stocks" in late January that also saw an unprecedented short squeeze in videogame retailer GameStop Corp. A short squeeze is a phenomenon where investors betting against a company's shares are forced to unwind their positions after a rally in the stock price, leading to the stock sharply rising further in value.
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NEW YORK, March 4, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SKT, ONTX, CIDM, CI, and ANTM. … | March 4, 2021
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Heavily-Shorted Tanger Outlet Suddenly Jumps Amid r/WallStreetBets Mentions r/WallStreetBets crowd appears to have targeted another heavily shorted stock Thursday morning. Shares of Tanger Factory Outlet Centers (SKT) are up 7% in the cash session after rising as much as 25% to 22.25 in the premarket. SKT received more than 1,000 mentions from the WallStreetBets forum on Reddit, according to Swaggy Stocks , a sentiment indicator for the popular investing forum. One of the reasons WallStreetBets has targeted SKT is due to the short interest is currently around 33% float, down significantly this year from 50%. GME, RKT, PLTR, TSLA, and AMC are among other popular stocks the WallStreetBets board discusses this morning. Tyler Durden Thu, 03/04/2021 - 10:22
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SKT stock is on the move today as one of the next short squeeze targets on r/WallStreetBets. Here's what you should know now.
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SKT stock is screaming for the top as Wall Street Bets Redditors band behind the stock to force hedge funds out in a short squeeze.
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Tanger Factory Outlet Centers Inc (NYSE: SKT) is attracting heightened discussion on r/WallStreetBets, the forum that came to light with the short squeeze in GameStop Corp (NYSE: GME) stock earlier in the year. What Happened: The North Carolina-based real estate investment trust which operates factory outlet centers had a comments volume of 600 on WallStreetBets… Read More »WallStreetBets Eyes Tanger Factory Outlet Centers As A Short Squeeze Target
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GREENSBORO, N.C., March 1, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced today that it will participate March 9-11, 2021 in the Citi Global Property CEO Conference. The roundtable presentation by Stephen J. Yalof, Chief Executive Officer, is scheduled for…
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We just got a big clue that Tanger could be getting ready to grow its portfolio.
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