Media coverage about Tanger Factory Outlet Centers (NYSE:SKT) has trended positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tanger Factory Outlet Centers earned a coverage optimism score of 0.40 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Shares of Tanger Factory Outlet Centers (SKT) traded up 0.27% on Tuesday, hitting $25.81. The company’s stock had a trading volume of 344,784 shares. The stock’s 50 day moving average is $26.12 and its 200-day moving average is $31.56. Tanger Factory Outlet Centers has a 52 week low of $24.71 and a 52 week high of $42.20. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 13.18 and a beta of 0.45.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.35. Tanger Factory Outlet Centers had a return on equity of 27.05% and a net margin of 39.32%. The firm had revenue of $121.37 million during the quarter, compared to analyst estimates of $122.59 million. During the same period in the prior year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Tanger Factory Outlet Centers will post $1.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.3425 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.32%. Tanger Factory Outlet Centers’s dividend payout ratio is currently 69.90%.

SKT has been the subject of several recent research reports. Zacks Investment Research raised Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. Jefferies Group LLC lowered Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating and decreased their target price for the company from $38.00 to $29.00 in a report on Friday, June 16th. Bank of America Corporation lowered Tanger Factory Outlet Centers from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $28.00 to $25.50 in a report on Friday, June 23rd. ValuEngine lowered Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. upgraded Tanger Factory Outlet Centers from a “sell” rating to a “neutral” rating in a report on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.08.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/07/11/tanger-factory-outlet-centers-nyseskt-getting-positive-press-coverage-study-finds.html.

In other news, EVP Chad Perry sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $27.57, for a total transaction of $220,560.00. Following the transaction, the executive vice president now directly owns 78,112 shares in the company, valued at $2,153,547.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Allan L. Schuman sold 32,930 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $28.52, for a total transaction of $939,163.60. Following the transaction, the director now owns 43,953 shares in the company, valued at $1,253,539.56. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc is an owner and operator of outlet centers in the United States and Canada. 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.

Insider Buying and Selling by Quarter for Tanger Factory Outlet Centers (NYSE:SKT)

Receive News & Ratings for Tanger Factory Outlet Centers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger Factory Outlet Centers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.