Tanger Inc. (SKT)Real Estate | REIT - Retail | Greensboro, United States | NYSE
37.73 USD
+0.07
(0.186%)
⇧
(Aug. 28, 2026, 4:02 p.m.
EDT)
After hours: 37.73 |
Hot Take ↕ | Aug. 22, 2026, 5:08 a.m. EDT
Tanger presents a classic value trap scenario where strong headline growth masks deteriorating capital efficiency. While the company posted double-digit revenue and earnings growth recently, the payout ratio of 109% reveals that dividends are currently being funded by borrowing or drawing down cash reserves, which is unsustainable for a retail REIT with a debt-to-equity ratio exceeding 278%. The stock trades at a premium multiple despite a 16% decline over the last nine years, suggesting the market has already priced in the lack of organic expansion power. The recent price action shows a failure to break above the 50-day moving average, confirming a lack of immediate momentum. While the dividend yield looks attractive at 3.3%, it is a trap; the payout is not growing and is consuming free cash flow. Investors should wait for the payout ratio to normalize below 80% and for the stock to demonstrate a sustained recovery above its 200-day average before considering a long position. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.038504 |
| AutoARIMA | 0.039201 |
| MSTL | 0.042412 |
| AutoTheta | 0.051639 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 51% |
| H-stat | 4.40 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.227 |
| Excess Kurtosis | -1.19 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-07-30 |
| Last Dividend Date | 2026-07-30 |
| Debt to Equity Ratio | 278.311 |
| Revenue per Share | 5.503 |
| Market Cap | 4,510,197,248 |
| Trailing P/E | 34.61 |
| Forward P/E | 31.93 |
| Beta | 1.09 |
| Profit Margins | 20.23% |
| Previous Name | Tanger Factory Outlet Centers, Inc. |
| Website | https://www.tanger.inc |
As of Aug. 22, 2026, 5:08 a.m. EDT: Speculators are positioning for a modest upside move, evidenced by heavy open interest in out-of-the-money calls at the $40 strike compared to deep in-the-money puts. However, there is significant defensive put buying at strikes well below the current price ($20-$31), suggesting a floor is being established rather than a breakout attempt. Implied volatility is elevated on the downside strikes relative to the upside, indicating fear of a drop to lower levels.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.77% | 3.41% | 3.68% | 4.09% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-31 | 0.31300 | 0.769798 |
| 2026-04-30 | 0.31300 | 0.844121 |
| 2026-01-30 | 0.29300 | 0.895477 |
| 2025-10-31 | 0.29300 | 0.899877 |
| 2025-07-31 | 0.29300 | 0.976016 |
| 2025-04-30 | 0.29300 | 0.929864 |
| 2025-01-31 | 0.27500 | 0.837904 |
| 2024-10-31 | 0.27500 | 0.827565 |
| 2024-07-31 | 0.27500 | 0.951557 |
| 2024-04-29 | 0.27500 | 0.961202 |
| 2024-01-30 | 0.26000 | 0.945455 |
| 2023-10-30 | 0.26000 | 1.209302 |
| 2023-07-28 | 0.24500 | 1.050600 |
| 2023-04-27 | 0.24500 | 1.335878 |
| 2023-01-30 | 0.22000 | 1.185345 |
| 2022-10-28 | 0.22000 | 1.229050 |
| 2022-07-28 | 0.20000 | 1.254705 |
| 2022-04-28 | 0.20000 | 1.178550 |
| 2022-01-28 | 0.18300 | 1.100421 |
| 2021-10-28 | 0.18300 | 1.082840 |
| 2021-07-29 | 0.17800 | 1.004515 |
| 2021-04-29 | 0.17800 | 0.988340 |
| 2021-01-28 | 0.17800 | 1.099444 |
| 2020-04-29 | 0.35800 | 4.619355 |
| 2020-01-30 | 0.35500 | 2.321779 |
| 2019-10-30 | 0.35500 | 2.163315 |
| 2019-07-30 | 0.35500 | 2.172583 |
| 2019-04-29 | 0.35500 | 1.926207 |
| 2019-01-30 | 0.35000 | 1.530389 |
| 2018-10-30 | 0.35000 | 1.524390 |
| 2018-07-30 | 0.35000 | 1.481795 |
| 2018-04-27 | 0.35000 | 1.580135 |
| 2018-01-30 | 0.34300 | 1.384740 |
| 2017-10-30 | 0.34300 | 1.479724 |
| 2017-07-27 | 0.34300 | 1.239610 |
| 2017-04-26 | 0.34300 | 1.091661 |
| 2017-01-27 | 0.32500 | 0.973637 |
| 2016-10-27 | 0.32500 | 0.949460 |
| 2016-07-27 | 0.32500 | 0.795983 |
| 2016-04-27 | 0.32500 | 0.905292 |
| 2016-01-27 | 0.28500 | 0.903901 |
| 2015-12-29 | 0.21000 | 0.627240 |
| 2015-10-28 | 0.28500 | 0.795423 |
| 2015-07-28 | 0.28500 | 0.888404 |
| 2015-04-28 | 0.28500 | 0.840460 |
| 2015-01-28 | 0.24000 | 0.602410 |
| 2014-10-28 | 0.24000 | 0.682012 |
| 2014-07-28 | 0.24000 | 0.678733 |
| 2014-04-28 | 0.24000 | 0.668710 |
| 2014-01-28 | 0.22500 | 0.679553 |
| 2013-10-28 | 0.22500 | 0.643041 |
| 2013-07-26 | 0.22500 | 0.651419 |
| 2013-04-26 | 0.22500 | 0.610749 |
| 2013-01-28 | 0.21000 | 0.594059 |
| 2012-10-26 | 0.21000 | 0.678076 |
| 2012-07-26 | 0.21000 | 0.654613 |
| 2012-04-26 | 0.21000 | 0.667514 |
| 2012-01-26 | 0.20000 | 0.676361 |
| 2011-10-26 | 0.20000 | 0.736920 |
| 2011-07-27 | 0.20000 | 0.728332 |
| 2011-04-27 | 0.20000 | 0.734214 |
| 2011-01-27 | 0.19400 | 0.742442 |
| 2010-10-27 | 0.19400 | 0.802316 |
| 2010-07-28 | 0.19400 | 0.859548 |
| 2010-04-28 | 0.19400 | 0.926235 |
| 2010-01-27 | 0.19150 | 0.987623 |
| 2009-10-28 | 0.19150 | 1.032902 |
| 2009-07-28 | 0.19150 | 1.080090 |
| 2009-04-28 | 0.19150 | 1.138187 |
| 2009-01-28 | 0.19000 | 1.145959 |
| 2008-10-29 | 0.19000 | 1.184170 |
| 2008-07-28 | 0.19000 | 1.058791 |
| 2008-04-28 | 0.19000 | 0.943396 |
| 2008-01-29 | 0.18000 | 0.968262 |
| 2007-10-29 | 0.18000 | 0.878477 |
| 2007-07-27 | 0.18000 | 1.081731 |
| 2007-04-26 | 0.18000 | 0.871249 |
| 2007-01-29 | 0.17000 | 0.845561 |
| 2006-10-27 | 0.17000 | 0.923411 |
| 2006-07-27 | 0.17000 | 1.038168 |
| 2006-04-26 | 0.17000 | 1.022556 |
| 2006-01-27 | 0.16150 | 1.030303 |
| 2005-10-27 | 0.16150 | 1.238497 |
| 2005-07-27 | 0.16150 | 1.181419 |
| 2005-04-27 | 0.16150 | 1.393443 |
| 2005-01-27 | 0.15650 | 1.324587 |
| 2004-10-27 | 0.15625 | 1.337471 |
| 2004-07-28 | 0.15625 | 1.631428 |
| 2004-04-28 | 0.15625 | 1.620010 |
| 2004-01-28 | 0.15375 | 1.497443 |
| 2003-10-29 | 0.15375 | 1.566480 |
| 2003-07-29 | 0.15375 | 1.703601 |
| 2003-04-28 | 0.15375 | 1.904025 |
| 2003-01-29 | 0.15325 | 2.089298 |
| 2002-10-29 | 0.15325 | 2.183826 |
| 2002-07-29 | 0.15325 | 2.166078 |
| 2002-04-26 | 0.15325 | 2.228281 |
| 2002-01-29 | 0.15250 | 2.674266 |
| 2001-10-29 | 0.15250 | 2.997543 |
| 2001-07-27 | 0.15250 | 2.750225 |
| 2001-04-26 | 0.15250 | 2.824074 |
| 2001-01-29 | 0.15200 | 2.689076 |
| 2000-10-27 | 0.15200 | 2.852786 |
| 2000-07-27 | 0.15200 | 2.573545 |
| 2000-04-26 | 0.15200 | 2.580371 |
| 2000-01-27 | 0.15125 | 2.863905 |
| 1999-10-27 | 0.15125 | 2.781609 |
| 1999-07-28 | 0.15125 | 2.384236 |
| 1999-04-28 | 0.15125 | 2.332530 |
| 1999-01-27 | 0.15000 | 2.831858 |
| 1998-10-28 | 0.15000 | 2.719547 |
| 1998-07-28 | 0.15000 | 2.096070 |
| 1998-04-28 | 0.15000 | 2.004175 |
| 1998-01-28 | 0.13750 | 1.803279 |
| 1997-10-22 | 0.13750 | 1.841004 |
| 1997-07-23 | 0.13750 | 1.955556 |
| 1997-04-23 | 0.13750 | 2.178218 |
| 1997-01-22 | 0.13000 | 1.953052 |
| 1996-10-23 | 0.13000 | 2.155440 |
| 1996-07-24 | 0.13000 | 2.260870 |
| 1996-04-24 | 0.13000 | 2.101010 |
| 1996-01-24 | 0.12500 | 2.010050 |
| 1995-10-25 | 0.12500 | 2.094241 |
| 1995-07-26 | 0.12500 | 1.851852 |
| 1995-04-24 | 0.12500 | 2.173913 |
| 1995-01-23 | 0.11500 | 1.887179 |
| 1994-10-24 | 0.11500 | 1.947090 |
| 1994-07-25 | 0.11500 | 1.727700 |
| 1994-04-25 | 0.10375 | 1.272031 |
| 1994-01-13 | 0.10500 | 1.429787 |
| 1993-12-13 | 0.10500 | 1.548387 |
| 1993-10-26 | 0.10500 | 1.486726 |
| 1993-07-28 | 0.02875 | 0.425926 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.12727821 |
| Address1 | 3,200 Northline Avenue |
| Address2 | Suite 360 |
| All Time High | 42.53 |
| All Time Low | 4.05 |
| Ask | 38.03 |
| Ask Size | 100 |
| Audit Risk | 2 |
| Average Analyst Rating | 2.7 - Hold |
| Average Daily Volume10 Day | 721,570 |
| Average Daily Volume3 Month | 1,015,390 |
| Average Volume | 1,015,390 |
| Average Volume10Days | 721,570 |
| Beta | 1.093 |
| Bid | 37.45 |
| Bid Size | 200 |
| Board Risk | 1 |
| Book Value | 5.867 |
| City | Greensboro |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 1 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 37.73 |
| Current Ratio | 0.743 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 37.95 |
| Day Low | 37.555 |
| Debt To Equity | 278.311 |
| Display Name | Tanger |
| Dividend Date | 1,786,665,600 |
| Dividend Rate | 1.25 |
| Dividend Yield | 3.32 |
| Earnings Call Timestamp End | 1,785,933,000 |
| Earnings Call Timestamp Start | 1,785,933,000 |
| Earnings Growth | 0.108 |
| Earnings Quarterly Growth | 0.105 |
| Earnings Timestamp | 1,785,873,600 |
| Earnings Timestamp End | 1,793,822,400 |
| Earnings Timestamp Start | 1,793,822,400 |
| Ebitda | 336,996,992 |
| Ebitda Margins | 0.53683 |
| Enterprise To Ebitda | 18.198 |
| Enterprise To Revenue | 9.769 |
| Enterprise Value | 6,132,650,496 |
| Eps Current Year | 1.09445 |
| Eps Forward | 1.18161 |
| Eps Trailing Twelve Months | 1.09 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,785,456,000 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 336 297 0931 |
| Fifty Day Average | 39.8178 |
| Fifty Day Average Change | -2.087799 |
| Fifty Day Average Change Percent | -0.052433815 |
| Fifty Two Week Change Percent | 12.727821 |
| Fifty Two Week High | 42.53 |
| Fifty Two Week High Change | -4.799999 |
| Fifty Two Week High Change Percent | -0.11286149 |
| Fifty Two Week Low | 31.13 |
| Fifty Two Week Low Change | 6.6000004 |
| Fifty Two Week Low Change Percent | 0.21201415 |
| Fifty Two Week Range | 31.13 - 42.53 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 738,595,800,000 |
| Five Year Avg Dividend Yield | 3.8 |
| Float Shares | 112,164,398 |
| Forward Eps | 1.18161 |
| Forward P E | 31.93101 |
| Free Cashflow | 227,820,992 |
| Full Exchange Name | NYSE |
| Full Time Employees | 407 |
| Fullday Change | 0.0699997 |
| Fullday Change Percent | 0.185873 |
| Fullday Price | 37.73 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.73124003 |
| Gross Profits | 459,032,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0242 |
| Held Percent Institutions | 0.96895 |
| Implied Shares Outstanding | 119,538,755 |
| Industry | REIT - Retail |
| Industry Disp | REIT - Retail |
| Industry Key | reit-retail |
| Ir Website | http://www.snl.com/irweblinkx/corporateprofile.aspx?IID=103061 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,785,456,000 |
| Last Dividend Value | 0.313 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,295,913,600 |
| Last Split Factor | 2:1 |
| Long Business Summary | Tanger Inc. is a leading owner and operator of outlet and other open-air retail shopping destinations, with 45 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers and four open-air lifestyle centers includes nearly 17 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 800 different brand name companies. Tanger is furnishing a Form 8-K with the SEC that includes a supplemental information package for the quarter ended June 30, 2026. Tanger Inc. was established in 1981 and was incorporated in North Carolina. |
| Long Name | Tanger Inc. |
| Market | us_market |
| Market Cap | 4,510,197,248 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_326382 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-29 |
| Net Income To Common | 126,079,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 4,326,342,725 |
| Number Of Analyst Opinions | 11 |
| Open | 37.8 |
| Operating Cashflow | 301,721,984 |
| Operating Margins | 0.32639998 |
| Overall Risk | 1 |
| Payout Ratio | 1.0917 |
| Peg Ratio | 4.14 |
| Phone | 336 292 3010 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 37.73 |
| Post Market Time | 1,787,959,964 |
| Prev Name | Tanger Factory Outlet Centers, Inc. |
| Previous Close | 37.66 |
| Price Eps Current Year | 34.473938 |
| Price Hint | 2 |
| Price To Book | 6.4308844 |
| Price To Sales Trailing12 Months | 7.184726 |
| Profit Margins | 0.2023 |
| Quick Ratio | 0.521 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.66667 |
| Region | US |
| Regular Market Change | 0.0699997 |
| Regular Market Change Percent | 0.185873 |
| Regular Market Day High | 37.95 |
| Regular Market Day Low | 37.555 |
| Regular Market Day Range | 37.555 - 37.95 |
| Regular Market Open | 37.8 |
| Regular Market Previous Close | 37.66 |
| Regular Market Price | 37.73 |
| Regular Market Time | 1,787,947,362 |
| Regular Market Volume | 452,566 |
| Return On Assets | 0.04715 |
| Return On Equity | 0.19399999 |
| Revenue Growth | 0.115 |
| Revenue Per Share | 5.503 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 2 |
| Shares Outstanding | 114,875,851 |
| Shares Percent Shares Out | 0.0584 |
| Shares Short | 6,707,920 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 5,670,455 |
| Short Name | Tanger Inc. |
| Short Percent Of Float | 0.097200006 |
| Short Ratio | 6.91 |
| Source Interval | 15 |
| State | NC |
| Symbol | SKT |
| Target High Price | 46.0 |
| Target Low Price | 38.0 |
| Target Mean Price | 41.36364 |
| Target Median Price | 41.0 |
| Total Cash | 181,287,008 |
| Total Cash Per Share | 1.578 |
| Total Debt | 1,952,108,032 |
| Total Revenue | 627,747,968 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.21 |
| Trailing Annual Dividend Yield | 0.032129582 |
| Trailing Eps | 1.09 |
| Trailing P E | 34.614677 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 36.19705 |
| Two Hundred Day Average Change | 1.5329514 |
| Two Hundred Day Average Change Percent | 0.042350177 |
| Type Disp | Equity |
| Volume | 452,566 |
| Website | https://www.tanger.inc |
| Zip | 27,408-7612 |