California Public Employees Retirement System boosted its position in Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,548 shares of the real estate investment trust’s stock after purchasing an additional 11,248 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of Tanger Factory Outlet Centers worth $5,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisor Group Inc. increased its holdings in shares of Tanger Factory Outlet Centers by 6.5% during the second quarter. Advisor Group Inc. now owns 4,968 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 303 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Tanger Factory Outlet Centers by 164.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 3,045 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in Tanger Factory Outlet Centers in the 3rd quarter worth about $134,000. Riverhead Capital Management LLC increased its holdings in Tanger Factory Outlet Centers by 101.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,859 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 3,959 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Tanger Factory Outlet Centers by 18.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,871 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 1,358 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Several equities research analysts recently commented on SKT shares. Zacks Investment Research upgraded Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine downgraded Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Jefferies Group reissued a “hold” rating and issued a $24.00 target price on shares of Tanger Factory Outlet Centers in a research report on Friday, December 22nd. Boenning Scattergood reissued a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Thursday, November 9th. Finally, Bank of America raised Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.60.

Shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) opened at $25.40 on Tuesday. The stock has a market capitalization of $2,400.00, a P/E ratio of 40.97, a P/E/G ratio of 3.28 and a beta of 0.52. Tanger Factory Outlet Centers Inc. has a 12 month low of $21.81 and a 12 month high of $34.88. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.10 and a current ratio of 0.10.

Tanger Factory Outlet Centers (NYSE:SKT) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.77). Tanger Factory Outlet Centers had a net margin of 12.34% and a return on equity of 8.98%. The business had revenue of $120.77 million for the quarter, compared to the consensus estimate of $117.51 million. equities analysts forecast that Tanger Factory Outlet Centers Inc. will post 2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.343 dividend. This is an increase from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.37 dividend on an annualized basis and a yield of 5.40%. Tanger Factory Outlet Centers’s payout ratio is presently 220.97%.

In other Tanger Factory Outlet Centers news, CMO Carrie A. Geldner sold 2,250 shares of Tanger Factory Outlet Centers stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $24.50, for a total value of $55,125.00. Following the sale, the chief marketing officer now owns 51,261 shares of the company’s stock, valued at approximately $1,255,894.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.80% of the company’s stock.

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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.

Institutional Ownership by Quarter for Tanger Factory Outlet Centers (NYSE:SKT)

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