Tanger Factory Outlet Centers, Inc. (SKT) News
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SKT News Highlights
- For SKT, its 30 day story count is now at 7.
- Over the past 29 days, the trend for SKT's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- The most mentioned tickers in articles about SKT are GOGO, ASO and GME.
Latest SKT News From Around the Web
Below are the latest news stories about Tanger Factory Outlet Centers Inc that investors may wish to consider to help them evaluate SKT as an investment opportunity.
Tanger Properties Limited Partnership -- Moody's downgrades Tanger Properties to Baa3; outlook stable
The rating action is a result of the ongoing challenges for retail landlords, weakness in Tanger's leverage on a net debt to EBITDA basis and a significant decline in the REIT's portfolio occupancy. The REIT's business model also benefits from relatively low occupancy costs, which remains attractive for retailers even as their omni-channel retail strategies continue to evolve.
When the COVID-19 pandemic swept across the world a little over a year ago, most businesses that focused on in-person services, events, and gatherings, as well as any adjacent activities, were understandably impacted. Virtually all of the REIT's tenants were forced to close as the pandemic spread, and some of its largest tenants, such as Ascena Brands (parent company of Loft), went bankrupt in 2020.
With its nearly 5% yield, some dividend investors might be looking at Macerich. Read this before you decide to buy.
This year's spring collections at Tanger Factory Outlet Centers, Inc. (NYSE: SKT) have experienced a bright and fashionable makeover. Tanger is offering shopping and savings for a wide assortment of this season's must-have items from top-brand name and designer stores, including Rag & Bone, Polo Ralph Lauren Factory Store, Levi's Outlet, J. Crew Factory, Under Armour, Champion, Crocs, and more. The 2021 TangerSTYLE Sales Event arrived just in time for shoppers to break the cycle of winter's leggings and sweats and opt for the freshness of spring trends.
When stocks have a high short interest rate that indicates that investors believe their share prices will decline soon. Here are the stocks on the market with the highest short interest including Tanger Factory Outlet Centers, Gamestop, Academy Sports, Rocket Companies, and Gogo Inc. 1.GameStop Corp- 41.22% GameStop Corp (NYSE: GME) is the largest retail gaming store in the world. They offer a wide selection of the latest video games and electronics. Online Reddit users have been rapidly buying up GameStop shares , which has been driving up the price in recent months. Increases in the GameStop's share price have caused huge losses for some hedge funds that had positions betting against GameStop. Gamestock stop went up around 0.80% on Wednesday after having a very successful trading sess...
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 March 31, 2021 will be released on Wednesday, May 5, 2021 after the market close. The Company will host its conference call for analysts, investors and other interested parties on Thursday, May 6, 2021 at 8:30 a.m. Eastern Time.
During the "Lightning Round" segment of "Mad Money" on Monday night one caller asked Jim Cramer his opinion of Tanger Factory Outlet Centers . In this daily bar chart of SKT, below, we can see that prices have made an impressive rally since early November. The On-Balance-Volume (OBV) line has been firming since October but shows a recent setback.
If you are looking at mall REITs, Macerich will be on your list. Is it the one to buy, or are there better options in the space?
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 i...
On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Tanger Factory Outlet Centers Inc. (NYSE: SKT). He said …