Tanger Factory Outlet Centers (NYSE:SKT) announced a quarterly dividend on Thursday, January 3rd. Investors of record on Wednesday, January 30th will be paid a dividend of $0.21 per share on Friday, February 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.44%.

A number of analysts have recently weighed in on SKT shares. Analysts at Citigroup upgraded shares of Tanger Factory Outlet Centers from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 17th. They now have a $37.50 price target on the stock, up previously from $31.75. On a related note, analysts at Jefferies Group upgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating in a research note to investors on Friday, November 2nd. They now have a $37.00 price target on the stock, up previously from $34.00. Finally, analysts at Evercore Partners initiated coverage on shares of Tanger Factory Outlet Centers in a research note to investors on Wednesday, October 24th. They set an “equal weight” rating on the stock.

Shares of Tanger Factory Outlet Centers (SKT) opened at 34.50 on Thursday. Tanger Factory Outlet Centers (SKT) has a 52 week low of $27.72 and a 52 week high of $34.84. The stock’s 50-day moving average is currently $33.00. The company has a market cap of $3.202 billion and a P/E ratio of 66.60.

Tanger Factory Outlet Centers last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.42 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.42. Tanger Factory Outlet Centers’s revenue was up 8.8% compared to the same quarter last year. Tanger Factory Outlet Centers has set its FY12 guidance at $1.61-1.63 EPS. Analysts expect that Tanger Factory Outlet Centers (SKT) will post $1.63 EPS for the current fiscal year.

Tanger Factory Outlet Centers, Inc. 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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