Teachers Advisors LLC boosted its stake in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 38.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,241 shares of the real estate investment trust’s stock after buying an additional 77,662 shares during the period. Teachers Advisors LLC owned 0.30% of Tanger Factory Outlet Centers worth $7,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. RMR Advisors LLC purchased a new stake in Tanger Factory Outlet Centers in the second quarter worth about $114,000. World Asset Management Inc increased its stake in shares of Tanger Factory Outlet Centers by 13.7% during the first quarter. World Asset Management Inc now owns 6,624 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 798 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Tanger Factory Outlet Centers by 9.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,513 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 649 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Tanger Factory Outlet Centers by 19.9% during the second quarter. LS Investment Advisors LLC now owns 7,629 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of Tanger Factory Outlet Centers by 101.5% during the second quarter. Riverhead Capital Management LLC now owns 7,859 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 3,959 shares in the last quarter. Institutional investors and hedge funds own 96.82% of the company’s stock.

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

A number of brokerages have weighed in on SKT. Jefferies Group LLC reaffirmed a “hold” rating and set a $26.00 target price on shares of Tanger Factory Outlet Centers in a research note on Thursday, September 21st. KeyCorp reaffirmed a “hold” rating on shares of Tanger Factory Outlet Centers in a research note on Friday, August 25th. BidaskClub downgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Boenning Scattergood set a $25.00 target price on shares of Tanger Factory Outlet Centers and gave the company a “sell” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research note on Saturday, July 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.50.

ILLEGAL ACTIVITY WARNING: “Tanger Factory Outlet Centers, Inc. (SKT) Shares Bought by Teachers Advisors LLC” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/07/tanger-factory-outlet-centers-inc-skt-shares-bought-by-teachers-advisors-llc.html.

Shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) opened at 24.82 on Friday. The company’s 50 day moving average is $24.33 and its 200 day moving average is $27.15. The company has a market cap of $2.36 billion, a P/E ratio of 16.48 and a beta of 0.49. Tanger Factory Outlet Centers, Inc. has a 12 month low of $23.06 and a 12 month high of $37.34.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Tanger Factory Outlet Centers had a net margin of 29.65% and a return on equity of 20.75%. The company had revenue of $119.60 million during the quarter, compared to analysts’ expectations of $122.00 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Tanger Factory Outlet Centers’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Tanger Factory Outlet Centers, Inc. will post $0.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.3425 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.37 dividend on an annualized basis and a yield of 5.52%. Tanger Factory Outlet Centers’s payout ratio is 90.73%.

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)

Receive News & Stock Ratings for Tanger Factory Outlet Centers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger Factory Outlet Centers Inc. and related stocks with our FREE daily email newsletter.