Shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) reached a new 52-week high on Friday . The company traded as high as $41.85 and last traded at $41.76, with a volume of 602,267 shares traded. The stock had previously closed at $41.44.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Thursday, July 21st. Hilliard Lyons lowered shares of Tanger Factory Outlet Centers from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 6th. Vetr lowered shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating and set a $38.42 target price on the stock. in a research note on Monday, April 18th. Citigroup Inc. lowered 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 note on Monday, April 4th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Tanger Factory Outlet Centers in a research note on Saturday, April 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.33.

The firm’s 50 day moving average is $39.94 and its 200-day moving average is $35.74. The stock has a market capitalization of $3.97 billion and a price-to-earnings ratio of 15.94.

Tanger Factory Outlet Centers (NYSE:SKT) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm earned $111.30 million during the quarter, compared to analyst estimates of $107.85 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, analysts predict that Tanger Factory Outlet Centers Inc. will post $2.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, July 27th.

In related news, VP Lisa J. Morrison sold 5,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was 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 approximately $1,382,259.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad Perry sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $36.53, for a total value of $36,530.00. Following the transaction, the executive vice president now directly owns 66,321 shares in the company, valued at $2,422,706.13. The disclosure for this sale can be found here.

Other large investors have bought and sold shares of the company. Employees Retirement System of Texas increased its stake in Tanger Factory Outlet Centers by 62.1% in the fourth quarter. Employees Retirement System of Texas now owns 203,690 shares of the real estate investment trust’s stock valued at $6,661,000 after buying an additional 78,000 shares in the last quarter. Foresters Investment Management Company Inc. acquired a new stake in Tanger Factory Outlet Centers during the fourth quarter valued at about $41,611,000. Diamond Hill Capital Management Inc. acquired a new stake in Tanger Factory Outlet Centers during the fourth quarter valued at about $12,009,000. Suntrust Banks Inc. increased its stake in Tanger Factory Outlet Centers by 62.3% in the fourth quarter. Suntrust Banks Inc. now owns 71,229 shares of the real estate investment trust’s stock valued at $2,328,000 after buying an additional 27,329 shares in the last quarter. Finally, Advantus Capital Management Inc increased its stake in 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.

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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