March 19, 2018 Comments (0) Blog, Current Investigations

Tanger Factory Outlets (SKT) – Mall REIT Share Prices Continue to Fall

Tanger Factory Outlets

Retail REITs on the decline as more retailers close their doors.

According to reports, the news on the Toys “R” Us bankruptcy this week has sent the share price of mall REITs, such as Tanger Factory Outlets (SKT), spiraling downward.

Tanger Factory Outlets (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers, according to its website.

According to Business Insider, “At $21.49, shares are down 34% from a year ago and 48% from the end of July 2016.”

Weakening tenant sales could harm investors in the years to come, according to analysts.

In addition, with shares down, the company will likely need to preserve capital. Unfortunately, it appears likely that investors will see dividend cuts in the future.

With the decline of malls and shopping centers and the increase in online shopping, the future for Retail REITs, such as Tanger Factory Outlets, is not bright.

Investigating Potential Claims involving Tanger Factory Outlets

The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Tanger Factory Outlets to investors.

Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.

Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.

If you are concerned about your investment in Tanger Factory Outlets, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit https://whitesecuritieslaw.com.