Head to Head Contrast: Tanger Factory Outlet Centers (SKT) and Cedar Realty Trust (CDR)
Tanger Factory Outlet Centers (NYSE: SKT) and Cedar Realty Trust (NYSE:CDR) are both financials companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, earnings, risk, dividends and profitability.
This table compares Tanger Factory Outlet Centers and Cedar Realty Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Tanger Factory Outlet Centers||12.34%||8.98%||2.37%|
|Cedar Realty Trust||11.42%||4.18%||1.34%|
This table compares Tanger Factory Outlet Centers and Cedar Realty Trust’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Tanger Factory Outlet Centers||$465.83 million||5.08||$193.74 million||$0.62||40.39|
|Cedar Realty Trust||$151.09 million||3.28||$8.94 million||($0.07)||-77.57|
Tanger Factory Outlet Centers has higher revenue and earnings than Cedar Realty Trust. Cedar Realty Trust is trading at a lower price-to-earnings ratio than Tanger Factory Outlet Centers, indicating that it is currently the more affordable of the two stocks.
Volatility and Risk
Tanger Factory Outlet Centers has a beta of 0.52, indicating that its share price is 48% less volatile than the S&P 500. Comparatively, Cedar Realty Trust has a beta of 0.96, indicating that its share price is 4% less volatile than the S&P 500.
This is a breakdown of recent ratings and target prices for Tanger Factory Outlet Centers and Cedar Realty Trust, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Tanger Factory Outlet Centers||1||4||1||0||2.00|
|Cedar Realty Trust||1||2||3||0||2.33|
Tanger Factory Outlet Centers presently has a consensus price target of $24.88, suggesting a potential downside of 0.66%. Cedar Realty Trust has a consensus price target of $5.75, suggesting a potential upside of 5.89%. Given Cedar Realty Trust’s stronger consensus rating and higher probable upside, analysts plainly believe Cedar Realty Trust is more favorable than Tanger Factory Outlet Centers.
Institutional & Insider Ownership
92.6% of Cedar Realty Trust shares are owned by institutional investors. 4.8% of Tanger Factory Outlet Centers shares are owned by insiders. Comparatively, 4.5% of Cedar Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Tanger Factory Outlet Centers pays an annual dividend of $1.37 per share and has a dividend yield of 5.5%. Cedar Realty Trust pays an annual dividend of $0.20 per share and has a dividend yield of 3.7%. Tanger Factory Outlet Centers pays out 221.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Cedar Realty Trust pays out -285.7% of its earnings in the form of a dividend. Tanger Factory Outlet Centers has increased its dividend for 25 consecutive years. Tanger Factory Outlet Centers is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Tanger Factory Outlet Centers beats Cedar Realty Trust on 11 of the 17 factors compared between the two stocks.
Tanger Factory Outlet Centers Company Profile
Tanger Factory Outlet Centers, Inc. is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands. Its outlet centers and other assets are held by, and all of its operations are conducted by, Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company owns the majority of the units of partnership interest issued by the Operating Partnership, through its subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner.
Cedar Realty Trust Company Profile
Cedar Realty Trust, Inc. is a real estate investment trust (REIT). The Company focuses on ownership and operation of grocery-anchored shopping centers straddling the Washington District of Columbia (DC) to Boston corridor. As of December 31, 2016, the Company owned and managed a portfolio of 61 operating properties (excluding properties held for sale) totaling approximately 9.1 million square feet of gross leasable area (GLA). The Company focuses its investment activities on grocery-anchored shopping centers. The Company’s properties portfolio comprises 26 properties in Pennsylvania, eight properties in Massachusetts, seven properties in Connecticut, seven properties in Maryland / Washington, D.C, eight properties in Virginia, four properties in New Jersey and one property in New York. The Company’s 106 are going to expire in the year 2017. The Company conducts all of its businesses through the Cedar Realty Trust Partnership L.P. (the Operating Partnership).
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