Stevens Capital Management LP purchased a new position in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 67,071 shares of the real estate investment trust’s stock, valued at approximately $1,743,000. Stevens Capital Management LP owned approximately 0.07% of Tanger Factory Outlet Centers as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Tanger Factory Outlet Centers by 22.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,441,323 shares of the real estate investment trust’s stock worth $63,426,000 after acquiring an additional 441,736 shares in the last quarter. Goodwin Daniel L acquired a new position in Tanger Factory Outlet Centers during the 2nd quarter worth approximately $317,000. Advisors Asset Management Inc. grew its holdings in Tanger Factory Outlet Centers by 4.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 44,673 shares of the real estate investment trust’s stock worth $1,161,000 after acquiring an additional 2,014 shares in the last quarter. Credit Suisse AG grew its holdings in Tanger Factory Outlet Centers by 5.7% during the 1st quarter. Credit Suisse AG now owns 428,564 shares of the real estate investment trust’s stock worth $14,043,000 after acquiring an additional 23,157 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Tanger Factory Outlet Centers by 15.7% during the 1st quarter. TIAA CREF Investment Management LLC now owns 448,885 shares of the real estate investment trust’s stock worth $14,710,000 after acquiring an additional 60,838 shares in the last quarter. Institutional investors own 96.82% of the company’s stock.

In other Tanger Factory Outlet Centers news, COO Thomas E. Mcdonough sold 10,734 shares of Tanger Factory Outlet Centers stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $26.74, for a total value of $287,027.16. Following the completion of the transaction, the chief operating officer now owns 180,551 shares of the company’s stock, valued at $4,827,933.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carrie A. Geldner sold 1,800 shares of Tanger Factory Outlet Centers stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $24.18, for a total transaction of $43,524.00. Following the completion of the transaction, the senior vice president now directly owns 53,511 shares of the company’s stock, valued at approximately $1,293,895.98. The disclosure for this sale can be found here. Insiders own 4.80% of the company’s stock.

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Several research analysts have commented on SKT shares. Citigroup Inc. upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “neutral” rating in a report on Monday, June 12th. Jefferies Group LLC downgraded shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $38.00 to $29.00 in a research report on Friday, June 16th. BidaskClub upgraded shares of Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. KeyCorp restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Finally, Boenning Scattergood set a $25.00 price objective on shares of Tanger Factory Outlet Centers and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Tanger Factory Outlet Centers presently has an average rating of “Hold” and a consensus price target of $32.00.

Shares of Tanger Factory Outlet Centers, Inc. (NYSE SKT) opened at 24.35 on Friday. Tanger Factory Outlet Centers, Inc. has a 52-week low of $23.06 and a 52-week high of $40.05. The stock has a market cap of $2.31 billion, a P/E ratio of 16.17 and a beta of 0.47. The company has a 50-day moving average of $24.71 and a 200 day moving average of $27.78.

Tanger Factory Outlet Centers (NYSE:SKT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $119.60 million during the quarter, compared to the consensus estimate of $122.00 million. Tanger Factory Outlet Centers had a net margin of 29.65% and a return on equity of 20.75%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. Equities research analysts forecast that Tanger Factory Outlet Centers, Inc. will post $0.78 EPS for the current fiscal year.

Tanger Factory Outlet Centers 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.

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

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