✉news BusinessRetail first seen 5 h ago, last 5 h ago, peak #29
Tanger Stock: Cheaper, But Not Yet Cheap Enough
Original: Tanger Stock: This 3.6% Retail REIT Is Cheaper But Not Yet Cheap Enough (NYSE:SKT)
A new analysis argues that Tanger Factory Outlet Centers, the retail REIT behind US outlet malls, has become more affordable after its share price decline, with a dividend yield around 3.6%. However, the author concludes the valuation still is not attractive enough to justify buying, suggesting investors may want to wait for further weakness before considering the stock.
Why now: Retail REIT valuations and dividend yields are under scrutiny amid concerns about the health of brick-and-mortar retail.
Tanger Factory Outlet CentersNYSE
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