How to Buy Tanger Stock
Tanger Inc
Tanger is a retail REIT company located in North Carolina, United States, which is part of the Real Estate sector, and is traded under the ticker SKT on the NYSE exchange.
Tanger stock last closed at $28.61, down 0.93% from the previous day, and has increased 45.01% in one year. It has overperformed other stocks in the REIT - Retail industry by 0.4 percentage points. Tanger stock is currently +56% from its 52-week low of $18.34, and -4.57% from its 52-week high of $29.98.
As of Apr 29, 2024, there are 108.92M SKT shares outstanding. The market value of SKT is $3.12B. In the past 24 hours, 722,062 SKT shares were traded.
How to Buy Tanger Stock
Wondering how to invest in Tanger stock? Here's how.
- Choose where to buy Tanger stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Tanger stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your information.
- Analyze Tanger stock: The Tanger ticker symbol is SKT. Is Tanger stock a good investment? Should you buy shares of SKT? How do SKT's underlying business fundamentals look? Do top analysts think Tanger is a good buy? Why has SKT's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if SKT is a good stock to buy).
- Make your SKT buy order: Decide if you will purchase SKT shares at the current market price or use a limit order to purchase SKT stock at a specific price.
- Watch your investment in SKT: Create a watchlist to keep tabs on your position in Tanger stock.
Step 1: Choose where to buy Tanger stock
You need an online brokerage account in order to access the NYSE market and buy SKT stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you can buy SKT stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on our top ranked stock app, you need to deposit funds:
Check out the tutorial below to see the process of transferring money into your new investment account.
Step 4: Analyze Tanger stock
After you have decided on the best place to buy Tanger stock, it's very important to research their stock prior to buying, so you can wrap your head around the risk and opportunity.
Tanger stock data
Fundamentals of SKT
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on SKT's stock page.
Is SKT stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SKT's true value.
Using relative valuations ratios:
- SKT may be undervalued based on its P/E ratio of 30.44x, relative to REIT - Retail industry P/E ratio of 34.92x
- SKT could be overvalued based on its P/B ratio of 5.5x, relative to REIT - Retail industry P/B ratio of 1.99x
- SKT may be undervalued based on its PEG ratio of 0.39x
You can do more valuation research on SKT's stock here.
A quick look at SKT Financials
Passed Health Checks:
- SKT profit margin has gone up from 18.5% to 21.4% in the past year.
- Total SKT debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- SKT has a relatively high debt to equity ratio of 3.06.
Is it a good time to buy Tanger stock, according to analysts?
Out of 5 Wall Street analysts who monitor SKT, the consensus analyst rating on SKT is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Tanger stock forecast page.
Metrics for Advanced SKT Traders
SKT Growth Metrics
Last year, SKT earnings were $99.15M. Over the last 5 year, SKT's earnings have grown by 15.87% per year. This was faster than the REIT - Retail industry average of 1.87%.
Last year, SKT revenue was $464.41M. In the last 5 year, SKT's revenue has increased by -1.26% per year. This was slower than the REIT - Retail industry average of 11.51%.
Find out more about SKT's earnings and revenue performance here.
Who is buying/selling SKT?
Over the last 12 months, insiders at SKT have sold more shares than they have bought.
Michael J. Bilerman, Officer of SKT, was the latest SKT insider to sell. They sold $179,102.84 worth of SKT shares on Mar 15, 2024.
Research more about who owns SKT shares here.
Can I get consistent income from SKT stock?
Tanger pays a dividend of 3.64%, compared to the REIT - Retail industry's average dividend yield of 4.53%. If you owned $1,000 of SKT stock, you would have received $36.35 last year.
Tanger dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Tanger dividend yield and history here.
SKT Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your SKT buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, place a limit order.
Click the Open button and eToro will execute your order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in SKT
Now that you own some SKT stock, you'll want to stay up-to-date on your investment.
Create a watchlist to get the latest updates about your SKT stock.
SKT Feed
How to Buy Stock in Tanger
To summarize, here are the 6 steps you need to take to buy Tanger stock right now:
- Choose where to buy Tanger stock
- Open a brokerage account
- Fund your investment account
- Analyze Tanger stock
- Make your SKT buy order
- Watch your investment in SKT
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Tanger, get started below.
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