NYSE:SKTRetail REITs
Is Tanger (SKT) Stock Above Fair Value After A 151% Run?
Tanger stock has delivered a strong 151.2% return over the past five years. At a recent price of US$39.16, the Discounted Cash Flow (DCF) intrinsic value estimate and market multiples both suggest it no longer looks obviously cheap or clearly stretched.
A 151.2% five year return means early shareholders have already seen substantial gains, so fresh buyers now need to pay closer attention to what they are getting for the current price.
For a real estate focused company like Tanger, investor...