Shareholders of Tanger Factory Outlet Centers Inc (SKT, Financial) and Gannett Co Inc (GCI, Financial) have seen their holdings underperform the S&P 500 index over the past one-year, three-year and five-year periods.
Furthermore, these two stocks have negative recommendation ratings on Wall Street, which means that their share prices are foreseen to keep on performing poorly in the months ahead.
Tanger Factory Outlet Centers Inc
Shares of the Greensboro, North Carolina-based real estate investment trust company have declined 59% in the past year, 75% in the past three years and 79% in the past five years through July 22. The stock has underperformed the S&P 500 by 68.1%, 106.7% and 135.6%, respectively.
Tanger Factory Outlet Centers Inc has suspended the distribution of dividends.
Shares were trading at a price of $6.82 per unit at close on July 22 for a market capitalization of $637.45 million and a 52-week range of $4.05 to $19.91.
The 14-day relative strength index of 50 suggests that the stock is still far from oversold levels despite the sharp decline suffered.
Wall Street sell-side analysts recommend an underweight rating for this stock.
Gannett Co Inc
Shares of the McLean, Virginia-based media and marketing solutions operator in the U.S. have fallen by almost 87% over the past year, 90% over the past three years and 92% over the past five years through July 22. The stock has underperformed the S&P 500 by 96.1%, 121.7% and 148.6%, respectively.
Gannett Co Inc decided on April 1 to stop the distribution of dividends.
Shares were trading at a price of $1.35 per unit at close on July 22 for a market capitalization of $178.33 million and a 52-week range of $0.63 to $11.35.
The 14-day relative strength index of 48 indicates that the stock is still far from oversold levels although the share price fell significantly.
Wall Street sell-side analysts recommend an underweight rating for this stock and have established an average target price of 50 cents per share.
Disclosure: I have no positions in any securities mentioned in this article.
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