Tanger Factory Outlet Centers, Inc. (SKT) Position Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its position in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 14.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,263 shares of the real estate investment trust’s stock after selling 4,060 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Tanger Factory Outlet Centers were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RMR Advisors LLC acquired a new position in Tanger Factory Outlet Centers during the second quarter worth $114,000. Advisor Group Inc. increased its holdings in 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 worth $116,000 after buying an additional 303 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in 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 worth $127,000 after buying an additional 3,045 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new position in Tanger Factory Outlet Centers during the third quarter worth $134,000. Finally, LS Investment Advisors LLC increased its holdings in Tanger Factory Outlet Centers by 19.9% during the second quarter. LS Investment Advisors LLC now owns 7,629 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,266 shares during the last quarter. Institutional investors and hedge funds own 96.53% of the company’s stock.

Tanger Factory Outlet Centers, Inc. (SKT) opened at $24.49 on Tuesday. Tanger Factory Outlet Centers, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $37.34. The company has a market cap of $2,310.00, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.30 and a beta of 0.47. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.10 and a quick ratio of 0.10.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.3425 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.37 annualized dividend and a dividend yield of 5.59%. Tanger Factory Outlet Centers’s dividend payout ratio is currently 220.97%.

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A number of equities analysts recently weighed in on the stock. Citigroup Inc. lowered their target price on shares of Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating on the stock in a report on Friday. Boenning Scattergood restated a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Thursday, November 9th. Bank of America Corporation upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, Jefferies Group LLC restated a “hold” rating and set a $26.00 target price on shares of Tanger Factory Outlet Centers in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.00.

In other Tanger Factory Outlet Centers news, SVP Carrie A. Geldner sold 1,800 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $24.18, for a total value of $43,524.00. Following the transaction, the senior vice president now directly owns 53,511 shares in the company, valued at $1,293,895.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.80% of the stock is owned by insiders.

Tanger Factory Outlet Centers Profile

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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