SKT - Shares of Tanger Factory Outlet Centers Inc. (SKT) Rise to a New 52-Week High

Shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) traded today at $22.51, eclipsing its 52-week high. So far today approximately 402,000 shares have been exchanged, as compared to an average 30-day volume of 994,000 shares.

Tanger Factory Outlet Centers Inc. has overhead space with shares priced $22.13, or 87.4% below the average consensus analyst price target of $174.99.

Tanger Factory Outlet Centers Inc is the owner and operator of outlet centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company operates approximately 32 outlet centers, with a total gross leasable area of approximately 12 million square feet, which holds over 2,400 stores with hundreds of store brands. Substantially most of the firm's revenue is derived from rental income from real property. Geographically, the activities are carried out through the United States.

Over the past year, Tanger Factory Outlet Centers Inc. has traded in a range of $6.33 to $22.51 and is now at $22.13, 250% above that low.

Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts

To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected

About IBN (InvestorBrandNetwork)

IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.

For more information on IBN, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer