Technical Signal Analysis for Tanger Factory Outlet Centers Inc. (NYSE:SKT)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Tanger Factory Outlet Centers Inc. (NYSE:SKT) for the period of 9-Day stands at 63.41% while the stochastic %D for the same period stands at 42.07%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Tanger Factory Outlet Centers Inc. (NYSE:SKT) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Tanger Factory Outlet Centers Inc. (NYSE:SKT) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Tanger Factory Outlet Centers Inc. (NYSE:SKT)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers.  Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States.

Previous Day Activity Analysis

On the last trading day, Tanger Factory Outlet Centers Inc. (NYSE:SKT) opened the session at $23.75 and after going up 2.19% closed at $24.27. The stock gained 0.52 points in the last trade.

Tanger Factory Outlet Centers Inc. (NYSE:SKT)’s stock fluctuated in the range of $23.75 and $24.60 during the previous active session. Tanger Factory Outlet Centers Inc. (NYSE:SKT) traded with the volume of 2.01 Million with average volume of 1.74 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0.48 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.84 and 53.16 respectively.

Currently the Insider Ownership of the shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) is at 0.3% and the shares outstanding are 95.03 Million.

Important Ratio Analysis

Some important ratios to consider here for Tanger Factory Outlet Centers Inc. (NYSE:SKT) are discussed below:

Dividend yield of Tanger Factory Outlet Centers Inc. (NYSE:SKT) stands at 5.64% whereas Price to Earnings P/E ratio stands at 39.02 while Forward P/E shows the value of 22.31.

The PEG ratio (Price to Earning to Growth) emits the value of 5.82. The Price to Sale P/S and Price to Book P/B shows the value of 4.74 and 3.67 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 274.55 and 21.92 correspondingly.

Return on Assets ROA of Tanger Factory Outlet Centers Inc. (NYSE:SKT) is at 7.4% whereas, Return on Equity ROE and Return of Investment ROI of Tanger Factory Outlet Centers Inc. (NYSE:SKT) stand at 28.4% and 6.4% respectively.

The payout ratio of Tanger Factory Outlet Centers Inc. (NYSE:SKT) stands at 66.2%.

Stock Performance Analysis

The stock performance of Tanger Factory Outlet Centers Inc. (NYSE:SKT) on the basis of 5 day trade show the jump of 8.06% whereas, the monthly performance of the stock shows decrease of -2.69%.

The quarterly performance of the stock remained in red zone with the value of -4.22% while six month performance of the shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) remained bearish with the count of -8.45%.

The yearly and YTD performance of Tanger Factory Outlet Centers Inc. (NYSE:SKT) remained down at -29.65% and -32.17% respectively.

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