Economy

Hard Facts About Tanger Factory Outlet Centers Inc. (NYSE:SKT)

First Trust Advisors Lp expanded its ownership by buying 314,182 shares an increase of 204.3% from 06/30/2017 to 09/30/2017. According to today's trading volume Tanger Factory Outlet Centers Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Tanger Factory Outlet Centers (NYSE:SKT) last issued its quarterly earnings data on Tuesday, August 1st. Currently, Tanger Factory Outlet Centers Inc. This showed a surprise of 29.2% in the last quarter earnings.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -19.88%, and has a solid year to date (YTD) performance of -36.42% which means that the stock is constantly adding to its value from the previous fiscal year end price. This ratio is internally not steady, since the market value of equity is divided by the total revenues of the firm. LS Investment Advisors LLC now owns 7,629 shares of the real estate investment trust's stock valued at $198,000 after purchasing an additional 1,266 shares during the last quarter. Riverhead Capital Management LLC now owns 7,859 shares of the real estate investment trust's stock valued at $204,000 after acquiring an additional 3,959 shares in the last quarter. The company has institutional ownership of N/A. The stock is a Buy among 1 brokerage firms polled by Factset Research. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Following the acquisition, the director now owns 14,862 shares in the company, valued at approximately $511,252.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

UCTT institutional proprietorship is held at 76.8% while insider possession was 4.8%.

The consensus recommendation - averaging the work of 10 analysts - of 3 for Tanger Factory Outlet Centers, Inc. The average 1-year price target for (SKT) reveals an average price target of $27.51 per share. KeyCorp restated a "hold" rating on shares of Tanger Factory Outlet Centers in a report on Friday, August 25th.

A number of equities research analysts have recently issued reports on the stock. Finally, BidaskClub downgraded shares of Tanger Factory Outlet Centers from a "hold" rating to a "sell" rating in a research note on Friday, August 18th.

Analysts have given a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and worldwide copyright laws. (NYSE:SKT) for the trailing twelve months paying dividend with the payout ratio of -% to its shareholders. If you are viewing this article on another publication, it was copied illegally and republished in violation of USA and worldwide copyright and trademark legislation.

Tanger Factory Outlet Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). Bank of New York Mellon Corp boosted its holdings in Tanger Factory Outlet Centers by 22.1% in the 2nd quarter.

The company is now up from yesterday's close of 22.72. The company's 50-day moving average is $24.68 and its 200-day moving average is $26.15. (NYSE:SKT) now has a PEG ratio of 2.30 where as its P/E ratio is 15.42. In this case, shares are down -39.07% from $37.34, the 52-week high touched on January 06, 2017, but are collecting gains at -34.63% for the past 12 months. (NYSE:SKT) received a Buy rating from 1 analysts. Sanders Morris Harris Inc. boosted its stake in shares of Tanger Factory Outlet Centers by 0.9% in the second quarter. The business had revenue of $119.60 million during the quarter, compared to analyst estimates of $122.00 million. Tanger Factory Outlet Centers had a return on equity of 42.50% and a net margin of 60.55%. Tanger Factory Outlet Centers's revenue was up 7.5% compared to the same quarter a year ago.

The average 1-year price target for Starbucks Corporation (SBUX) - averaging the work of different analysts - reveals a mean PT of $63.78/share. (NYSE:SKT) reported its EPS in the last quarter as $0.31/Share beating the analyst estimate of $0.24/Share by a difference of $0.07.

Additionally the company recently declared a dividend to be paid on Wednesday the 15th of November 2017. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.3425 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.30 annualized dividend and a dividend yield of 3.77%. Tanger Factory Outlet Centers's payout ratio is now 90.73%.

Tanger Factory Outlet Centers, Inc. The company operates in the Real Estate sector with a market capitalization of 2.26 Million.



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