BTIM Corp. decreased its stake in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 947,256 shares of the real estate investment trust’s stock after selling 4,807 shares during the period. BTIM Corp. owned about 1.00% of Tanger Factory Outlet Centers worth $36,905,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Sarasin & Partners LLP raised its stake in Tanger Factory Outlet Centers by 2.6% in the third quarter. Sarasin & Partners LLP now owns 173,485 shares of the real estate investment trust’s stock valued at $6,759,000 after buying an additional 4,320 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in Tanger Factory Outlet Centers by 5.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,763,710 shares of the real estate investment trust’s stock valued at $68,715,000 after buying an additional 93,504 shares during the last quarter. Capstone Asset Management Co. raised its stake in Tanger Factory Outlet Centers by 2.1% in the third quarter. Capstone Asset Management Co. now owns 7,381 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 150 shares during the last quarter. Creative Planning raised its stake in Tanger Factory Outlet Centers by 60.2% in the third quarter. Creative Planning now owns 11,522 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 4,328 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Tanger Factory Outlet Centers by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,650 shares of the real estate investment trust’s stock valued at $1,272,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

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

Tanger Factory Outlet Centers Inc. (NYSE:SKT) traded down 0.74% on Wednesday, reaching $34.81. 57,161 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $35.12 and its 200-day moving average is $38.00. Tanger Factory Outlet Centers Inc. has a 12 month low of $29.46 and a 12 month high of $42.20. The firm has a market cap of $3.31 billion, a PE ratio of 12.10 and a beta of 0.42.

Tanger Factory Outlet Centers (NYSE:SKT) last announced its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The firm earned $119.10 million during the quarter, compared to analyst estimates of $114.41 million. Tanger Factory Outlet Centers had a net margin of 60.55% and a return on equity of 42.50%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. On average, equities analysts forecast that Tanger Factory Outlet Centers Inc. will post $2.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, October 27th. Tanger Factory Outlet Centers’s payout ratio is presently 44.98%.

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Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, October 11th. Hilliard Lyons raised shares of Tanger Factory Outlet Centers from a “neutral” rating to a “buy” rating in a research note on Monday, November 7th. Goldman Sachs Group Inc. lowered shares of Tanger Factory Outlet Centers from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 26th. Citigroup Inc. lifted their price objective on shares of Tanger Factory Outlet Centers from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Tanger Factory Outlet Centers in a research note on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.58.

In other Tanger Factory Outlet Centers news, Director Jeffrey B. Citrin acquired 1,000 shares of Tanger Factory Outlet Centers stock in a transaction dated Friday, October 28th. The stock was bought at an average cost of $34.40 per share, for a total transaction of $34,400.00. Following the purchase, the director now directly owns 14,862 shares in the company, valued at approximately $511,252.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lisa J. Morrison sold 4,500 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $33.89, for a total transaction of $152,505.00. Following the transaction, the vice president now owns 34,404 shares of the company’s stock, valued at $1,165,951.56. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Tanger Factory Outlet Centers Company Profile

Tanger Factory Outlet Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers in the United States and Canada. The Company’s consolidated portfolio consists of approximately 34 outlet centers, with a total gross leasable area of approximately 11.7 million square feet.

5 Day Chart for NYSE:SKT

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