Tanger Factory Outlet Centers Inc. (NYSE:SKT) shares reached a new 52-week high during trading on Monday . The stock traded as high as $41.75 and last traded at $41.51, with a volume of 190,493 shares traded. The stock had previously closed at $41.55.

Several research analysts have commented on SKT shares. Goldman Sachs Group Inc. restated a “buy” rating on shares of Tanger Factory Outlet Centers in a research report on Saturday, April 23rd. Vetr cut shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating and set a $38.42 target price for the company. in a research report on Monday, April 18th. Citigroup Inc. cut shares of Tanger Factory Outlet Centers from a “buy” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a research report on Monday, April 4th. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Wednesday, April 13th. Finally, Hilliard Lyons cut shares of Tanger Factory Outlet Centers from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Tanger Factory Outlet Centers has a consensus rating of “Hold” and an average price target of $37.52.

The company’s 50 day moving average is $38.70 and its 200-day moving average is $35.28. The firm has a market capitalization of $3.95 billion and a price-to-earnings ratio of 19.63.

Tanger Factory Outlet Centers (NYSE:SKT) last released its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $110.80 million for the quarter, compared to the consensus estimate of $112.46 million. During the same period last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that Tanger Factory Outlet Centers Inc. will post $2.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, July 27th.

In related news, EVP Chad Perry sold 1,000 shares of Tanger Factory Outlet Centers stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $36.53, for a total transaction of $36,530.00. Following the completion of the transaction, the executive vice president now directly owns 66,321 shares of the company’s stock, valued at approximately $2,422,706.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lisa J. Morrison sold 5,700 shares of Tanger Factory Outlet Centers stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $35.53, for a total transaction of $202,521.00. Following the transaction, the vice president now directly owns 38,904 shares of the company’s stock, valued at $1,382,259.12. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the stock. Advantus Capital Management Inc increased its position in shares of Tanger Factory Outlet Centers by 267.5% in the fourth quarter. Advantus Capital Management Inc now owns 49,020 shares of the real estate investment trust’s stock valued at $1,603,000 after buying an additional 35,680 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Tanger Factory Outlet Centers by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 304,887 shares of the real estate investment trust’s stock valued at $9,970,000 after buying an additional 5,362 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Tanger Factory Outlet Centers by 85.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 103,167 shares of the real estate investment trust’s stock valued at $3,374,000 after buying an additional 47,664 shares during the last quarter. Edge Asset Management Inc. boosted its stake in Tanger Factory Outlet Centers by 5.3% in the fourth quarter. Edge Asset Management Inc. now owns 153,744 shares of the real estate investment trust’s stock valued at $5,027,000 after buying an additional 7,671 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Tanger Factory Outlet Centers by 3.5% in the fourth quarter. Morgan Stanley now owns 6,533,824 shares of the real estate investment trust’s stock valued at $213,656,000 after buying an additional 223,185 shares during the last quarter.

Tanger Factory Outlet Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers in the United States and Canada. The Company’s consolidated portfolio consists of approximately 34 outlet centers, with a total gross leasable area of approximately 11.7 million square feet.

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