Tanger Factory Outlet Centers Inc. (SKT) issued an update on its FY12 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.61-1.63 for the period.

Shares of Tanger Factory Outlet Centers Inc. (SKT) traded down 0.16% during mid-day trading on Tuesday, hitting $30.97. Tanger Factory Outlet Centers Inc. (SKT) has a one year low of $25.99 and a one year high of $34.09. The company has a market cap of $2.862 billion and a P/E ratio of 62.54.

Tanger Factory Outlet Centers last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.42 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.42. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts expect that Tanger Factory Outlet Centers Inc. (SKT) will post $1.63 EPS for the current fiscal year.

SKT has been the subject of a number of recent research reports. 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. On a related note, analysts at KeyBanc reiterated an underweight rating on shares of Tanger Factory Outlet Centers in a research note to investors on Thursday, September 20th. Finally, analysts at ISI Group raised their price target on shares of Tanger Factory Outlet Centers to $33.00 in a research note to investors on Wednesday, August 1st. They now have a hold rating on the stock.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.