Tanger Factory Outlet Centers Inc (SKT)
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a prominent real estate investment trust specializing in the development, management, and operation of upscale outlet shopping centers. With a strategic portfolio of 38 properties across major markets in the United States, Tanger focuses on offering a diverse selection of high-quality brand-name merchandise at discounted prices. The company's robust tenant mix and commitment to customer experience position it as a leader in the outlet retail space, making it a noteworthy investment opportunity for institutional investors seeking stability and growth potential in retail real estate.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.21% per annum.
- SKT price at the close of November 19, 2025 was $32.64 and was higher than the top border of the primary price channel by $0.99 (3.12%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.67% per annum.
- SKT price at the close of November 19, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of SKT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 19, 2024
End date: August 11, 2025
a = 4.0168
b = -0.0004
s = 0.0444
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0444) – 1
= 19.45%
September 19, 2024 calculations
Top border of price channel:
Exp(Y961)
= Exp(a + b × X961 + 2 × s)
= Exp(a + b × 1,399 + 2 × s)
= Exp(4.0168 + -0.0004 × 1,399 + 2 × 0.0444)
= Exp(3.6067)
= $36.84
Bottom border of price channel:
Exp(Y961)
= Exp(a + b × X961 – 2 × s)
= Exp(a + b × 1,399 – 2 × s)
= Exp(4.0168 + -0.0004 × 1,399 – 2 × 0.0444)
= Exp(3.4290)
= $30.85
August 11, 2025 calculations
Top border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 + 2 × s)
= Exp(a + b × 1,725 + 2 × s)
= Exp(4.0168 + -0.0004 × 1,725 + 2 × 0.0444)
= Exp(3.4904)
= $32.80
Bottom border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 – 2 × s)
= Exp(a + b × 1,725 – 2 × s)
= Exp(4.0168 + -0.0004 × 1,725 – 2 × 0.0444)
= Exp(3.3127)
= $27.46
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.21% per annum.
- SKT price at the close of November 19, 2025 was $32.64 and was higher than the top border of the primary price channel by $0.99 (3.12%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 1, 2025
End date: November 18, 2025
a = 2.0465
b = 0.0008
s = 0.0281
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0281) – 1
= 11.91%
May 1, 2025 calculations
Top border of price channel:
Exp(Y1,114)
= Exp(a + b × X1,114 + 2 × s)
= Exp(a + b × 1,623 + 2 × s)
= Exp(2.0465 + 0.0008 × 1,623 + 2 × 0.0281)
= Exp(3.4263)
= $30.76
Bottom border of price channel:
Exp(Y1,114)
= Exp(a + b × X1,114 – 2 × s)
= Exp(a + b × 1,623 – 2 × s)
= Exp(2.0465 + 0.0008 × 1,623 – 2 × 0.0281)
= Exp(3.3137)
= $27.49
November 18, 2025 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.0465 + 0.0008 × 1,824 + 2 × 0.0281)
= Exp(3.5902)
= $36.24
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.0465 + 0.0008 × 1,824 – 2 × 0.0281)
= Exp(3.4776)
= $32.38
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.67% per annum.
- SKT price at the close of November 19, 2025 was inside the secondary price channel.