ibusinesslines.com March 17, 2018

Tanger Factory Outlet Centers (SKT) Earning Favorable News Coverage, AlphaOne Reports

20 June 2017, 09:39 | Kelvin Horton

Tanger Factory Outlet Centers (SKT) Earning Favorable News Coverage, AlphaOne Reports

Tanger Factory Outlet Centers (SKT) Earning Favorable News Coverage, AlphaOne Reports

The stock witnessed 0.59% gains, -20.74% declines and -25.07% declines for the 1-month, 3-month and 6-month period, respectively. As per Tuesday, December 13, the company rating was downgraded by Citigroup.

Pettyjohn Wood & White has 19,100 shares. Da Davidson And holds 0.01% or 126,775 shares in its portfolio. Investors who are keeping close eye on the stock of McKesson Corporation (NYSE:MCK) established that the company was able to keep return on investment at 24.09 in the trailing twelve month while Reuters data showed that industry's average stands at 11.64 and sector's optimum level is 53.35. (NYSE:SKT) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Alliancebernstein Limited Partnership reported 130,532 shares. Tanger Factory Outlet Centers earned a media sentiment score of 0.19 on Alpha One's scale. (NYSE:SKT). Prudential Fincl holds 0.01% in Tanger Factory Outlet Centers Inc. (NYSE:SKT) or 37,519 shares. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a "sell" rating to a "hold" rating in a research report on Thursday, March 16th. SKT share have plunged by -27.36% in percentage terms since the start of the year - and added 2% in the last month. Comerica Bankshares holds 0.02% or 71,105 shares in its portfolio.

Retirement Systems Of Alabama holds 0.03% or 124,059 shares. Suntrust Banks has 91,532 shares for 0.02% of their portfolio. Bank Of Ny Mellon Corp holds 20,448 shares. The firm owned 9,110 shares of the real estate investment trust's stock after selling 10,770 shares during the period. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 11,216,024 shares of the stock are valued at $289.26 million.

In related news, EVP Chad Perry sold 8,000 shares of the stock in a transaction that occurred on Monday, May 8th. $103,818 worth of Tanger Factory Outlet Centers Inc. GELDNER CARRIE A had sold 2,000 shares worth $67,504 on Tuesday, February 21. The business's revenue for the quarter was up 9.5% compared to the same quarter past year. (NYSE:SKT). Agf Invests owns 751,886 shares. Glen Harbor Capital Management LLC boosted its stake in shares of Tanger Factory Outlet Centers by 3.9% in the first quarter. It seems that Pioneer Natural Resources Company (NYSE:PXD) might see muted action given an ABR of 2.6 or Hold rating. $103,818 worth of Tanger Factory Outlet Centers Inc. (NYSE:SKT) earned "Neutral" rating by Hilliard Lyons on Wednesday, July 6. In addition to this downgrade, analysts at Jefferies & Co set a $42.00 PT which is a change of 62.85 %.

For every coupon book sold, Tanger gives one dollar to the TangerKIDS Grants program which is created to assist schools in Tanger Outlets' primary markets by providing funding for special projects, needed programs or equipment. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.12%. Therefore 52% are positive. SKT price is down almost -62.37% from its 52-week high price of $42.2 a share but is up about 4.92% from its 52-week low price of $24.71 a share. The stock has a consensus rating of "Hold" and a consensus target price of $38.20.

Several analysts have released their opinion on Tanger Factory Outlet Centers, Inc. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Oppenheimer maintained the shares of TEVA in report on Thursday, July 14 with "Outperform" rating. ValuEngine cut Tanger Factory Outlet Centers from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. RBC Capital Markets maintained Tanger Factory Outlet Centers Inc. On Wednesday, January 4 the stock rating was upgraded by Jefferies to "Buy".

In other news, COO Thomas E. Mcdonough sold 10,409 shares of the company's stock in a transaction dated Monday, April 3rd. The stock has "Buy" rating by Hilliard Lyons on Monday, November 7. The rating was downgraded by Hilliard Lyons to "Neutral" on Thursday, October 29.

Analysts expect Tanger Factory Outlet Centers Inc. The rating was upgraded by Zacks on Wednesday, August 26 to "Hold".

The stock decreased 3.73% or $1 on June 16, reaching $25.79. The stock closed the most recent session at $25.79 after seeing 2944064 shares trade hands. It has underperformed by 15.13% the S&P500. The stock of Tanger Factory Outlet Centers Inc. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.35.

Stock market analysts and brokers have recently amended their target prices on shares of Tanger Factory Outlet Centers, Inc.

Year to date Tanger Factory Outlet Centers, Inc. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 13.12 and a beta of 0.46. The Firm is a fully-integrated, self-administered and self-managed real estate investment trust, which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands. In keeping with Tanger Outlets' mission to support the future of our children, the TangerKIDS Grants program is created to award grant money to local schools in the communities where Tanger Outlet Centers are located.

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