State of Alaska Department of Revenue grew its position in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 9.3% in the fourth quarter, HoldingsChannel reports. The firm owned 58,530 shares of the real estate investment trust’s stock after buying an additional 5,000 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tanger Factory Outlet Centers were worth $1,550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SKT. Advisor Group Inc. grew its position in shares of Tanger Factory Outlet Centers by 6.5% during 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. Salem Investment Counselors Inc. grew its position in shares of Tanger Factory Outlet Centers by 164.2% during the second quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 3,045 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new position in shares of Tanger Factory Outlet Centers during the third quarter valued at about $134,000. Telemus Capital LLC purchased a new position in shares of Tanger Factory Outlet Centers during the third quarter valued at about $244,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Tanger Factory Outlet Centers during the third quarter valued at about $289,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Tanger Factory Outlet Centers Inc. (SKT) opened at $25.40 on Tuesday. The company has a market capitalization of $2,400.00, a PE ratio of 40.97, a P/E/G ratio of 3.28 and a beta of 0.52. Tanger Factory Outlet Centers Inc. has a 12-month low of $21.81 and a 12-month high of $34.88. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.10 and a quick ratio of 0.10.

Tanger Factory Outlet Centers (NYSE:SKT) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.77). The company had revenue of $120.77 million during the quarter, compared to analysts’ expectations of $117.51 million. Tanger Factory Outlet Centers had a return on equity of 8.98% and a net margin of 12.34%. analysts expect that Tanger Factory Outlet Centers Inc. will post 2.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.343 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.37 annualized dividend and a yield of 5.40%. This is a positive change from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is currently 220.97%.

A number of brokerages have recently weighed in on SKT. Zacks Investment Research lowered Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Bank of America upgraded Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Citigroup cut their price objective on Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating for the company in a research report on Friday, November 10th. ValuEngine lowered Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Jefferies Group reiterated a “hold” rating and issued a $24.00 price target on shares of Tanger Factory Outlet Centers in a research report on Friday, December 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Tanger Factory Outlet Centers has a consensus rating of “Hold” and a consensus target price of $26.60.

In related news, CMO Carrie A. Geldner sold 2,250 shares of Tanger Factory Outlet Centers stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $24.50, for a total value of $55,125.00. Following the completion of the transaction, the chief marketing officer now owns 51,261 shares in the company, valued at $1,255,894.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.80% of the company’s stock.

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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.

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

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