Tanger Factory Outlet Centers, Inc. (NYSE:SKT) – Equities researchers at Boenning Scattergood increased their FY2017 earnings estimates for Tanger Factory Outlet Centers in a research report issued to clients and investors on Thursday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings per share of $2.42 for the year, up from their previous estimate of $2.41. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Tanger Factory Outlet Centers’ Q2 2018 earnings at $0.62 EPS.

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Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and set a $26.00 target price on shares of Tanger Factory Outlet Centers in a research report on Thursday, September 21st. KeyCorp reiterated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Bank of America Corporation upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Tanger Factory Outlet Centers has a consensus rating of “Hold” and a consensus target price of $27.00.

Shares of Tanger Factory Outlet Centers (NYSE SKT) opened at $24.72 on Monday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 2.91. Tanger Factory Outlet Centers has a 1 year low of $21.81 and a 1 year high of $37.34. The company has a market cap of $2,310.00, a P/E ratio of 11.84, a P/E/G ratio of 3.30 and a beta of 0.47.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.3425 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.37 annualized dividend and a yield of 5.54%. Tanger Factory Outlet Centers’s payout ratio is 220.97%.

In other Tanger Factory Outlet Centers news, SVP Carrie A. Geldner sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $24.18, for a total transaction of $43,524.00. Following the completion of the transaction, the senior vice president now owns 53,511 shares in the company, valued at approximately $1,293,895.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its holdings in Tanger Factory Outlet Centers by 6.5% during the 2nd quarter. Advisor Group Inc. now owns 4,968 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 303 shares during the last quarter. BB&T Securities LLC raised its holdings in Tanger Factory Outlet Centers by 6.2% during the 2nd quarter. BB&T Securities LLC now owns 8,575 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 501 shares during the last quarter. Utah Retirement Systems raised its holdings in Tanger Factory Outlet Centers by 2.8% during the 2nd quarter. Utah Retirement Systems now owns 21,773 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 588 shares during the last quarter. State Treasurer State of Michigan raised its holdings in Tanger Factory Outlet Centers by 1.8% during the 2nd quarter. State Treasurer State of Michigan now owns 39,800 shares of the real estate investment trust’s stock worth $1,034,000 after purchasing an additional 700 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Tanger Factory Outlet Centers by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 40,700 shares of the real estate investment trust’s stock worth $1,057,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 96.53% of the company’s stock.

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.

Earnings History and Estimates for Tanger Factory Outlet Centers (NYSE:SKT)

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