New insider activity at Tanger ( (SKT) ) has taken place on May 6, 2025.
President & CEO Stephen Yalof has made a notable investment by purchasing 3,347 shares of Tanger stock, valued at $99,974.
Recent Updates on SKT stock
Tanger Factory Outlet Centers reported strong Q1 2025 financial results, with a notable increase in Funds From Operations (FFO) and Core FFO, despite a slight decrease in net income per share due to a non-cash impairment charge from a property sale. The company’s strategic remerchandising and strong leasing activity have led to a high occupancy rate of 95.8% and increased tenant sales per square foot. Tanger’s acquisition of Pinecrest in Ohio and the sale of a non-core center in Michigan reflect its portfolio optimization strategy. Analysts have adjusted price targets based on Tanger’s robust financial performance, strategic growth initiatives, and positive earnings revisions, despite challenges such as higher snow expenses and tariff uncertainties. The company remains optimistic about its growth prospects, supported by a stable financial position and ongoing demand from retail partners.
Spark’s Take on SKT Stock
According to Spark, TipRanks’ AI Analyst, SKT is a Neutral.
Tanger’s stock score reflects strong financial performance and positive earnings call insights, although technical indicators suggest limited momentum and valuation concerns. The company’s high debt level and potential overvaluation are key risks, while its strategic growth and effective cash flow management provide support for the stock’s stability.
To see Spark’s full report on SKT stock, click here.
More about Tanger
YTD Price Performance: -11.01%
Average Trading Volume: 1,024,716
Technical Sentiment Signal: Sell
Current Market Cap: $3.38B