Tanger Factory Outlet Centers traded at $32.18 this Monday February 2nd, decreasing $0.54 or 1.65 percent since the previous trading session. Looking back, over the last four weeks, Tanger Factory Outlet Centers lost 3.48 percent. Over the last 12 months, its price fell by 2.34 percent. Looking ahead, we forecast Tanger Factory Outlet Centers to be priced at 31.71 by the end of this quarter and at 28.87 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The Company is focused on developing, acquiring, owning, operating, and managing outlet shopping centers. The outlet centers and other assets are held by, and all of the operations are conducted by, its two wholly-owned subsidiaries, Tanger GP Trust and Tanger LP Trust. The Company owns and operates 30 consolidated outlet centers, with a total gross leasable area of approximately 11.5 million square feet. It also has a partial ownership interests in six unconsolidated outlet centers totaling approximately 2.1 million square feet, including two outlet centers in Canada.