Critical Comparison: Boston Properties (BXP) and Tanger Factory Outlet Centers (SKT)
Boston Properties (NYSE: SKT) and Tanger Factory Outlet Centers (NYSE:SKT) are both finance companies, but which is the better investment? We will compare the two companies based on the strength of their risk, earnings, institutional ownership, dividends, analyst recommendations, valuation and profitability.
This is a summary of recent ratings and recommmendations for Boston Properties and Tanger Factory Outlet Centers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Tanger Factory Outlet Centers||2||4||0||0||1.67|
Insider and Institutional Ownership
95.8% of Boston Properties shares are held by institutional investors. 0.9% of Boston Properties shares are held by company insiders. Comparatively, 2.1% of Tanger Factory Outlet Centers shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Boston Properties pays an annual dividend of $3.20 per share and has a dividend yield of 2.5%. Tanger Factory Outlet Centers pays an annual dividend of $1.40 per share and has a dividend yield of 5.8%. Tanger Factory Outlet Centers pays out 56.9% of its earnings in the form of a dividend. Tanger Factory Outlet Centers has raised 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.
This table compares Boston Properties and Tanger Factory Outlet Centers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Tanger Factory Outlet Centers||12.60%||10.34%||2.45%|
Valuation and Earnings
This table compares Boston Properties and Tanger Factory Outlet Centers’ top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Boston Properties||$2.60 billion||7.74||$462.43 million||N/A||N/A|
|Tanger Factory Outlet Centers||$488.23 million||4.63||$68.00 million||$2.46||9.78|
Boston Properties has higher revenue and earnings than Tanger Factory Outlet Centers.
Risk and Volatility
Boston Properties has a beta of 0.57, suggesting that its stock price is 43% less volatile than the S&P 500. Comparatively, Tanger Factory Outlet Centers has a beta of 0.55, suggesting that its stock price is 45% less volatile than the S&P 500.
Boston Properties beats Tanger Factory Outlet Centers on 12 of the 16 factors compared between the two stocks.
Boston Properties Company Profile
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC.
Tanger Factory Outlet Centers Company Profile
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies. The Company has more than 37 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 189 million shoppers annually.
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