Several brokerages have updated their recommendations and price targets on shares of Tanger Factory Outlet Centers (NYSE: SKT) in the last few weeks:

  • 11/10/2017 – Tanger Factory Outlet Centers had its price target lowered by analysts at Citigroup Inc. from $27.00 to $25.00. They now have a “sell” rating on the stock.
  • 11/9/2017 – Tanger Factory Outlet Centers was upgraded by analysts at Bank of America Corporation from an “underperform” rating to a “neutral” rating.
  • 11/9/2017 – Tanger Factory Outlet Centers had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 11/3/2017 – Tanger Factory Outlet Centers was upgraded by analysts at Boenning Scattergood from an “under perform” rating to a “neutral” rating.
  • 10/25/2017 – Tanger Factory Outlet Centers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. “
  • 10/18/2017 – Tanger Factory Outlet Centers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. “
  • 10/12/2017 – Tanger Factory Outlet Centers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. “
  • 9/21/2017 – Tanger Factory Outlet Centers had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $26.00 price target on the stock.

Tanger Factory Outlet Centers, Inc. (NYSE SKT) opened at $24.49 on Tuesday. Tanger Factory Outlet Centers, Inc. has a 1-year low of $21.81 and a 1-year high of $37.34. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market cap of $2,310.00, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.30 and a beta of 0.47.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.3425 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.37 dividend on an annualized basis and a yield of 5.59%. Tanger Factory Outlet Centers’s dividend payout ratio is currently 220.97%.

In other Tanger Factory Outlet Centers news, SVP Carrie A. Geldner sold 1,800 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $24.18, for a total value 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 accessible through this link. Insiders own 4.80% of the company’s stock.

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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