(NYSE:SKT) follows its footsteps. The company now has an average rating of "Hold" and an average target price of $32.43. Tanger Factory Outlet Centers has a one year low of $24.71 and a one year high of $41.29.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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. The Rafferty Asset Management Llc holds 25,656 shares with $918,000 value, up from 5,979 last quarter. As of quarter end Advisory Services Network, LLC had acquired 181 shares growing its holdings by 190.5%. Salem Investment Counselors Inc. raised its stake in Tanger Factory Outlet Centers by 164.2% in the second quarter. Susquehanna International Group, Llp grew its holdings by buying 15,105 shares an increase of 22.9% from 03/31/2017 to 06/30/2017. The stock closing price is now trading upward to its 50 day moving average with change of 1.13%, escalated to its 20 day moving average with figure of 0.57% and above its 200 day moving average with value 6.57%.
COPYRIGHT VIOLATION NOTICE: "Tanger Factory Outlet Centers, Inc". World Asset Management Inc now owns 6,624 shares of the real estate investment trust's stock valued at $217,000 after buying an additional 798 shares in the last quarter. See Tanger Factory Outlet Centers Inc.
The company is trading down since yesterday's close of $24.1. TIAA CREF Investment Management has an ownership of 448,885 stocks of the real estate investment trust's shares valued $14,710,000 after scooping up an extra 60,838 shares through out the quarter. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Tanger Factory Outlet Centers's yield is 90.73%.
Tanger Factory Outlet Centers, now has a P/E ratio of 15.98 and market cap is 2.29B.
Shares of Tanger Factory Outlet Centers Inc (SKT) are moving on volatility today -0.62% or $-0.15 from the open. The real estate investment trust reported $0.59 earnings per share (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 million. Tanger Factory Outlet Centers had a return on equity of 20.75% and a net margin of 29.65%. Likewise, the performance for the quarter was recorded as -7.50% and for the year was -40.40%. During the same quarter in the prior year, the firm posted $0.59 EPS.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.49, and a price to sales ratio of 1.83.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. The ex-dividend date of this dividend is Thursday, July 27th. This dividend amount represented a yeild of $5.69. Tanger Factory Outlet Centers Inc. This repurchase authorization authorizes the real estate investment trust to repurchase up to 54% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.
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Tanger Factory Outlet Centers (SKT) traded down 0.50% during trading on Tuesday, reaching $23.98. Finally, Citigroup Inc. raised shares of Tanger Factory Outlet Centers from a "sell" rating to a "neutral" rating in a research report on Monday, June 12th.
On June 16 the company was rated "Hold" according to a Jefferies report which was a cut from the previous "Hold" rating.
On June 16 the company was changed to a "Hold" by Jefferies which was a cut from the previous "Hold" rating. The stock tapped a 52-week high of US$6.79 while the mean 12-month price target for the shares is US$3. Volume was up 166.19% over the stocks average daily volume. McDonough Thomas E. had sold 10,409 shares worth $340,270. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.80% of the company's stock. Tanger Factory Outlet Centers Inc.