Tanger Factory Outlet Centers Inc. (NYSE:SKT) – Analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for Tanger Factory Outlet Centers in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings per share of $0.63 for the quarter. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Tanger Factory Outlet Centers’ Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.69 EPS and FY2019 earnings at $2.62 EPS.

SKT has been the topic of several other research reports. Zacks Investment Research downgraded Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Jefferies Group reissued a “hold” rating and set a $26.00 target price on shares of Tanger Factory Outlet Centers in a research note on Thursday, September 21st. Citigroup decreased their target price on Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating on the stock in a research note on Friday, November 10th. ValuEngine downgraded Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Bank of America raised Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.60.

Shares of Tanger Factory Outlet Centers (NYSE:SKT) traded up $0.27 on Wednesday, reaching $24.87. The company had a trading volume of 898,400 shares, compared to its average volume of 1,340,000. The company has a market cap of $2,350.00, a P/E ratio of 40.11, a PEG ratio of 3.31 and a beta of 0.52. Tanger Factory Outlet Centers has a 52 week low of $21.81 and a 52 week high of $35.98. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.10 and a quick ratio of 0.10.

Several institutional investors have recently made changes to their positions in the company. Dean Investment Associates LLC boosted its holdings in shares of Tanger Factory Outlet Centers by 9.1% in the 3rd quarter. Dean Investment Associates LLC now owns 283,853 shares of the real estate investment trust’s stock worth $6,932,000 after purchasing an additional 23,783 shares during the period. Eii Capital Management Inc. purchased a new position in shares of Tanger Factory Outlet Centers in the 3rd quarter worth approximately $605,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Tanger Factory Outlet Centers by 29.6% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 36,776 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 8,400 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Tanger Factory Outlet Centers by 5.4% in the 3rd quarter. California Public Employees Retirement System now owns 219,548 shares of the real estate investment trust’s stock worth $5,361,000 after purchasing an additional 11,248 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Tanger Factory Outlet Centers by 41.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 66,423 shares of the real estate investment trust’s stock worth $1,622,000 after purchasing an additional 19,516 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

In other Tanger Factory Outlet Centers news, CMO Carrie A. Geldner sold 2,250 shares of Tanger Factory Outlet Centers stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $24.50, for a total value of $55,125.00. Following the sale, the chief marketing officer now owns 51,261 shares of the company’s stock, valued at approximately $1,255,894.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.80% of the company’s stock.

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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.

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

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