Crossmark Global Holdings Inc. acquired a new position in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,816 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Other hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Tanger Factory Outlet Centers by 6.5% in the second quarter. Advisor Group Inc. now owns 4,968 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 303 shares in the last quarter. BB&T Securities LLC lifted its holdings in shares of Tanger Factory Outlet Centers by 6.2% in the second quarter. BB&T Securities LLC now owns 8,575 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 501 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of Tanger Factory Outlet Centers by 2.8% in the second quarter. Utah Retirement Systems now owns 21,773 shares of the real estate investment trust’s stock valued at $566,000 after purchasing an additional 588 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Tanger Factory Outlet Centers by 1.8% in the second quarter. Arizona State Retirement System now owns 40,700 shares of the real estate investment trust’s stock valued at $1,057,000 after purchasing an additional 700 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Tanger Factory Outlet Centers by 1.8% in the second quarter. State Treasurer State of Michigan now owns 39,800 shares of the real estate investment trust’s stock valued at $1,034,000 after purchasing an additional 700 shares in the last quarter. 98.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tanger Factory Outlet Centers, Inc. (NYSE SKT) traded up $0.63 on Wednesday, hitting $25.22. 558,256 shares of the company traded hands, compared to its average volume of 1,574,399. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $2,320.00, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 3.31 and a beta of 0.47. Tanger Factory Outlet Centers, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $37.34.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Monday, October 30th. Tanger Factory Outlet Centers’s payout ratio is 220.97%.

Several analysts have issued reports on SKT shares. Boenning Scattergood reaffirmed a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. BidaskClub raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Friday, August 4th. KeyCorp reaffirmed a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Friday, August 25th. Finally, Bank of America raised shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

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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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Institutional Ownership by Quarter for Tanger Factory Outlet Centers (NYSE:SKT)

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