Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Shares Sold by Loeb Partners Corp

Loeb Partners Corp reduced its position in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 36.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,500 shares of the real estate investment trust’s stock after selling 9,000 shares during the quarter. Loeb Partners Corp’s holdings in Tanger Factory Outlet Centers were worth $379,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SKT. BlackRock Inc. lifted its stake in Tanger Factory Outlet Centers by 2,800.6% in the 1st quarter. BlackRock Inc. now owns 11,216,024 shares of the real estate investment trust’s stock valued at $367,550,000 after buying an additional 10,829,338 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Tanger Factory Outlet Centers by 199.1% in the 2nd quarter. Principal Financial Group Inc. now owns 3,947,025 shares of the real estate investment trust’s stock valued at $102,543,000 after buying an additional 2,627,566 shares in the last quarter. State Street Corp lifted its stake in 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 buying an additional 1,140,291 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Tanger Factory Outlet Centers by 278.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 678,150 shares of the real estate investment trust’s stock valued at $17,618,000 after buying an additional 498,985 shares in the last quarter. Finally, BlueCrest Capital Management Ltd lifted its stake in 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 buying an additional 496,493 shares in the last quarter. 96.91% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Carrie A. Geldner sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $24.18, for a total transaction of $43,524.00. Following the completion of the sale, the senior vice president now owns 53,511 shares in the company, valued at approximately $1,293,895.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is owned by company insiders.

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Shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) traded up $0.52 during midday trading on Friday, hitting $24.27. 2,006,000 shares of the stock were exchanged, compared to its average volume of 1,582,592. The firm has a market cap of $2,245.04, a P/E ratio of 11.59, a P/E/G ratio of 2.76 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 0.12. 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 also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.3425 per share. The ex-dividend date is Monday, October 30th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.64%. Tanger Factory Outlet Centers’s dividend payout ratio is currently 220.97%.

A number of research analysts recently weighed in on SKT shares. Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research note on Saturday, July 15th. Boenning Scattergood set a $25.00 price target on shares of Tanger Factory Outlet Centers and gave the company a “sell” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. KeyCorp reaffirmed a “hold” rating on shares of Tanger Factory Outlet Centers in a research note on Friday, August 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $26.00 price target on shares of Tanger Factory Outlet Centers in a research note on Thursday, September 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.

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.

Institutional Ownership by Quarter for Tanger Factory Outlet Centers (NYSE:SKT)

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