Somewhat Positive News Coverage Somewhat Unlikely to Impact Tanger Factory Outlet Centers (SKT) Share Price
Media coverage about Tanger Factory Outlet Centers (NYSE:SKT) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.925709706208 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Investor to spot High Dividend: Tanger Factory Outlet Centers, Inc. (SKT) triggering 5.59% Yield – Voice Of Analysts (analystsbuzz.com)
- $123.35 Million in Sales Expected for Tanger Factory Outlet Centers, Inc. (SKT) This Quarter (americanbankingnews.com)
- Tanger Factory Outlet Centers, Inc. breached its 50 day moving average in a Bullish Manner : SKT-US : November 14, 2017 (finance.yahoo.com)
- FY2018 Earnings Forecast for Tanger Factory Outlet Centers, Inc. Issued By Jefferies Group (SKT) (americanbankingnews.com)
- American International Group Inc Sold A Little More Tanger Factory Outlet Centers (SKT) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Boenning Scattergood set a $25.00 price target on shares of Tanger Factory Outlet Centers and gave the company a “sell” rating in a research report on Thursday, August 3rd. Citigroup Inc. reduced their price target on shares of Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating for the company in a research report on Friday, November 10th. Jefferies Group LLC reissued a “hold” rating and issued a $26.00 price target on shares of Tanger Factory Outlet Centers in a research report on Thursday, September 21st. Finally, Bank of America Corporation raised shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.00.
Shares of Tanger Factory Outlet Centers (NYSE SKT) traded up $0.42 during trading hours on Thursday, hitting $24.93. 2,173,119 shares of the stock were exchanged, compared to its average volume of 1,589,768. Tanger Factory Outlet Centers has a 1-year low of $21.81 and a 1-year high of $37.34. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $2,360.00, a PE ratio of 12.06, a price-to-earnings-growth ratio of 3.35 and a beta of 0.47.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a $0.3425 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.50%. Tanger Factory Outlet Centers’s payout ratio is 220.97%.
In other news, SVP Carrie A. Geldner sold 1,800 shares of the business’s stock in a transaction dated 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 directly owns 53,511 shares in the company, valued at $1,293,895.98. The sale was disclosed in a document filed with the SEC, which is available at 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.
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