Published: Fri, May 19, 2017
Business | By Max Garcia

Acquires 2145 Shares of Tanger Factory Outlet Centers Inc. (SKT)


Northern Trust Corp now owns 1,201,265 shares of the real estate investment trust's stock valued at $46,801,000 after buying an additional 78,916 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Tanger Factory Outlet Centers by 3.9% in the first quarter. GT is down around 24.17% from its 12-month high of $24.31 notched on 42557 but is -16.03% above its highest point the past 12 months of $37.2 a share. Finally, Pacad Investment Ltd. bought a new position in shares of Tanger Factory Outlet Centers during the fourth quarter valued at about $240,000.

Shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) opened at 25.64 on Thursday. The stock is now trading -35.65% away from the 52-week high and separated 6.72% from the 52-week low. The stock has a market capitalization of $2.43 billion, a PE ratio of 13.01 and a beta of 0.41. "The second line, the "%D" line is simple a 3-day moving average of the "%K" line. Kissinger Financial Services LLC's holdings in Tanger Factory Outlet Centers were worth $493,000 as of its most recent filing with the SEC. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.35.

14-day Williams %R for Tanger Factory Outlet Centers, Inc.

The High Revenue estimate is predicted as 122 Million, while the Low Revenue Estimate prediction stands at 115 Million. During the same period in the previous year, the company earned $0.56 EPS. The firm's revenue for the quarter was up 9.5% compared to the same quarter previous year. They now have a United States dollars 33.5 price target on the stock.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were given a $0.3425 dividend. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $1.37 dividend on an annualized basis and a yield of 5.38%. Tanger Factory Outlet Centers's dividend payout ratio is now 44.98%.

COPYRIGHT VIOLATION NOTICE: "Pioneer Investment Management Inc".

Yet another important factor while evaluating a good buy/sell decision for Tanger Factory Outlet Centers Inc. "(SKT)" was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and global copyright law. Asset Management One Co.

SKT has been the subject of several recent analyst reports.

The share price of the company (NYSE:SKT) was down -0.89%, with a high of 25.94 during the day and the volume of Tanger Factory Outlet Centers, Inc. shares traded was 3614250. While the company's share hit the 52 week high on 08/01/16 stationing the value of $40.98. Analysts have a mean recommendation of 2.00 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). They now have a Dollars 28.5 price target on the stock. The shares were sold at an average price of $33.75, for a total transaction of $67,500.00.

Zackspresents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Carrie A. Geldner sold 2,000 shares of the business's stock in a transaction on Tuesday, February 21st. The impact of the share repurchase plan is contingent upon the quantity and timing of shares repurchased as well as the weighted average purchase price of shares repurchased. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The disclosure for this sale can be found here. (NYSE:SKT). The stock is now valued at $26.37 after moving 2.17% in the most recent session and -6.29% over the past 5 trading days. Hedge funds and other institutional investors own 94.39% of the company's stock.

ILLEGAL ACTIVITY WARNING: "ProShare Advisors LLC Has $9.646 Million Stake in Tanger Factory Outlet Centers Inc".

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