Skip to main content
No. of Recommendations: 2
I too am considering purchasing SKT. It would be my first time buying this well known REIT.

What I like about it most are:

1) Cheap.

2) Good occupancy rate.

3) Good dividend and good coverage.

I will probably hold off for now for the following reasons;

1) I would like to wait and see how the economy, retail, and SKT's fundamentals progress over another quarter or two.

2) Would like a cheaper entry price, $18 perhaps.

3) The short interest scares me, I've learned to respect the short sellers.

4) Remember when enclosed malls were destinations, could a similar shift hit the outlets?

Schwab provides analyst reports from CFRA, previously S&P's. They see SKT a little different than Brad Thomas with a target price of $18. I have seen that neither CFRA/S&P or Brad Thomas bats anywhere near 1,000!
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.