GSA Capital Partners LLP acquired a new stake in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,835 shares of the real estate investment trust’s stock, valued at approximately $238,000.

Several other large investors have also bought and sold shares of the company. FDx Advisors Inc. boosted its position in shares of Tanger Factory Outlet Centers by 10.5% during the 4th quarter. FDx Advisors Inc. now owns 23,221 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 2,215 shares in the last quarter. Dean Investment Associates LLC boosted its holdings in shares of Tanger Factory Outlet Centers by 6.3% in the first quarter. Dean Investment Associates LLC now owns 47,673 shares of the real estate investment trust’s stock worth $1,049,000 after buying an additional 2,824 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Tanger Factory Outlet Centers by 69.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,963 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 2,863 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in shares of Tanger Factory Outlet Centers by 15.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 22,000 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 3,000 shares during the period. Finally, BB&T Securities LLC boosted its holdings in shares of Tanger Factory Outlet Centers by 29.3% in the fourth quarter. BB&T Securities LLC now owns 16,106 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 3,648 shares during the period.

Shares of Tanger Factory Outlet Centers opened at $23.49 on Friday, according to MarketBeat.com. Tanger Factory Outlet Centers Inc. has a one year low of $19.86 and a one year high of $27.88. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.89 and a beta of 0.52. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 2.99.

Tanger Factory Outlet Centers (NYSE:SKT) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). Tanger Factory Outlet Centers had a return on equity of 10.97% and a net margin of 13.85%. The firm had revenue of $123.50 million during the quarter, compared to analyst estimates of $120.93 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. analysts anticipate that Tanger Factory Outlet Centers Inc. will post 2.43 earnings per share for the current fiscal year.

Several research analysts have commented on SKT shares. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Boenning Scattergood reiterated a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Thursday, May 3rd. ValuEngine cut shares of Tanger Factory Outlet Centers from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, KeyCorp cut shares of Tanger Factory Outlet Centers from a “sector weight” rating to an “underweight” rating and set a $19.00 target price for the company. in a report on Wednesday, May 2nd. Five investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Tanger Factory Outlet Centers has an average rating of “Sell” and a consensus price target of $23.25.

In other news, SVP Charles Allen Worsham sold 4,400 shares of the stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $21.12, for a total value of $92,928.00. Following the completion of the sale, the senior vice president now directly owns 36,043 shares of the company’s stock, valued at $761,228.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carrie A. Warren sold 2,357 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $20.80, for a total transaction of $49,025.60. Following the completion of the sale, the senior vice president now directly owns 55,501 shares of the company’s stock, valued at $1,154,420.80. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Tanger Factory Outlet Centers Company Profile

Tanger Factory Outlet Centers, Inc (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 500 different brand name companies.

Want to see what other hedge funds are holding SKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tanger Factory Outlet Centers Inc. (NYSE:SKT).

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

Receive News & Ratings for Tanger Factory Outlet Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger Factory Outlet Centers and related companies with MarketBeat.com's FREE daily email newsletter.