Q1 2019 Earnings Estimate for Tanger Factory Outlet Centers Inc. Issued By Boenning Scattergood (SKT)

Tanger Factory Outlet Centers Inc. (NYSE:SKT) – Equities research analysts at Boenning Scattergood issued their Q1 2019 EPS estimates for shares of Tanger Factory Outlet Centers in a note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will post earnings of $0.63 per share for the quarter. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Tanger Factory Outlet Centers’ Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.69 EPS and FY2019 earnings at $2.62 EPS.

SKT has been the topic of several other reports. Jefferies Group reissued a “hold” rating and set a $24.00 price target on shares of Tanger Factory Outlet Centers in a research note on Friday, December 22nd. Zacks Investment Research cut shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup decreased their price target on shares of Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating on the stock in a research note on Friday, November 10th. ValuEngine lowered shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Bank of America upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.60.

Tanger Factory Outlet Centers (NYSE:SKT) traded down $0.15 on Wednesday, hitting $24.60. 1,545,672 shares of the stock traded hands, compared to its average volume of 1,320,000. Tanger Factory Outlet Centers has a twelve month low of $21.81 and a twelve month high of $36.35. 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 company has a market capitalization of $2,330.00, a PE ratio of 39.68, a P/E/G ratio of 3.31 and a beta of 0.52.

In other Tanger Factory Outlet Centers news, CMO Carrie A. Geldner sold 2,250 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $24.50, for a total value of $55,125.00. Following the sale, the chief marketing officer now directly owns 51,261 shares in the company, valued at $1,255,894.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SKT. Principal Financial Group Inc. grew its position in shares of Tanger Factory Outlet Centers by 29.5% in the 3rd quarter. Principal Financial Group Inc. now owns 5,110,454 shares of the real estate investment trust’s stock valued at $124,797,000 after acquiring an additional 1,163,429 shares during the period. State Street Corp grew its position in shares of Tanger Factory Outlet Centers by 11.2% in the 2nd quarter. State Street Corp now owns 11,298,397 shares of the real estate investment trust’s stock valued at $293,533,000 after acquiring an additional 1,140,291 shares during the period. BlueCrest Capital Management Ltd grew its position in shares of Tanger Factory Outlet Centers by 774.8% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 560,577 shares of the real estate investment trust’s stock valued at $14,564,000 after acquiring an additional 496,493 shares during the period. Numeric Investors LLC bought a new position in shares of Tanger Factory Outlet Centers in the 2nd quarter valued at about $12,855,000. Finally, Wells Fargo & Company MN grew its position in shares of Tanger Factory Outlet Centers by 352.5% in the 3rd quarter. Wells Fargo & Company MN now owns 553,927 shares of the real estate investment trust’s stock valued at $13,526,000 after acquiring an additional 431,513 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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Tanger Factory Outlet Centers Company 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.

Earnings History and Estimates for Tanger Factory Outlet Centers (NYSE:SKT)

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