Wall Street analysts expect Tanger Factory Outlet Centers, Inc. (NYSE:SKT) to report earnings of $0.63 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Tanger Factory Outlet Centers’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.61. Tanger Factory Outlet Centers posted earnings of $0.25 per share in the same quarter last year, which would suggest a positive year over year growth rate of 152%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 13th.

On average, analysts expect that Tanger Factory Outlet Centers will report full-year earnings of $2.07 per share for the current year, with EPS estimates ranging from $2.05 to $2.08. For the next fiscal year, analysts forecast that the company will report earnings of $2.52 per share, with EPS estimates ranging from $2.46 to $2.57. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Tanger Factory Outlet Centers.

A number of equities analysts recently issued reports on the company. Boenning Scattergood restated a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Thursday, November 9th. Zacks Investment Research lowered Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. BidaskClub raised Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. KeyCorp reaffirmed a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Finally, Bank of America Corporation raised Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Shares of Tanger Factory Outlet Centers (NYSE SKT) traded down $0.41 during trading on Tuesday, hitting $24.52. The stock had a trading volume of 1,567,315 shares, compared to its average volume of 1,589,667. The stock has a market cap of $2,360.00, a PE ratio of 12.06, a price-to-earnings-growth ratio of 3.35 and a beta of 0.47. 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 12-month low of $21.81 and a 12-month high of $37.34.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.3425 per share. This represents a $1.37 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Monday, October 30th. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is presently 220.97%.

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In related news, SVP Carrie A. Geldner sold 1,800 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $24.18, for a total transaction of $43,524.00. Following the transaction, the senior vice president now directly owns 53,511 shares of the company’s stock, valued at approximately $1,293,895.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Dean Investment Associates LLC increased its position in Tanger Factory Outlet Centers by 9.1% during the 3rd quarter. Dean Investment Associates LLC now owns 283,853 shares of the real estate investment trust’s stock valued at $6,932,000 after buying an additional 23,783 shares in the last quarter. Eii Capital Management Inc. acquired a new position in Tanger Factory Outlet Centers during the 3rd quarter valued at about $605,000. Ameritas Investment Partners Inc. increased its position in Tanger Factory Outlet Centers by 29.6% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 36,776 shares of the real estate investment trust’s stock valued at $868,000 after buying an additional 8,400 shares in the last quarter. California Public Employees Retirement System increased its position in Tanger Factory Outlet Centers by 5.4% during the 3rd quarter. California Public Employees Retirement System now owns 219,548 shares of the real estate investment trust’s stock valued at $5,361,000 after buying an additional 11,248 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Tanger Factory Outlet Centers by 41.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 66,423 shares of the real estate investment trust’s stock valued at $1,622,000 after buying an additional 19,516 shares in the last quarter. 96.53% of the stock is currently owned by institutional investors.

Tanger Factory Outlet Centers Company Profile

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.

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

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