Trade-Ideas LLC identified Tanger Factory Outlet Centers ( SKT) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Tanger Factory Outlet Centers as such a stock due to the following factors:

  • SKT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $38.2 million.
  • SKT has traded 3,967 shares today.
  • SKT is trading at a new lifetime high.

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More details on SKT:

Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The firm invests in the real estate markets in United States. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. Tanger Factory Outlet Centers, Inc. The stock currently has a dividend yield of 3.2%. SKT has a PE ratio of 19. Currently there are no analysts that rate Tanger Factory Outlet Centers a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for Tanger Factory Outlet Centers has been 814,800 shares per day over the past 30 days. Tanger Factory Outlet Centers has a market cap of $3.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.39 and a short float of 10.3% with 6.92 days to cover. Shares are up 27% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Tanger Factory Outlet Centers as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share.

Highlights from the ratings report include:
  • Despite its growing revenue, the company underperformed as compared with the industry average of 11.9%. Since the same quarter one year prior, revenues slightly increased by 5.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, TANGER FACTORY OUTLET CTRS's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Real Estate Investment Trusts (REITs) industry average. The net income has decreased by 21.3% when compared to the same quarter one year ago, dropping from $34.51 million to $27.15 million.
  • Net operating cash flow has declined marginally to $54.03 million or 0.65% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.

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