News coverage about Tanger Factory Outlet Centers (NYSE:SKT) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.1379951321958 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Investor’s Alert (Volatility Analysis) – Tanger Factory Outlet Centers, Inc., (NYSE: SKT) – Stock Watch (stocksnewstimes.com)
- Tanger Factory Outlet Centers, Inc., (NYSE: SKT),EnerJex Resources, Inc., (NYSE: ENRJ), Energen Corporation … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
- Challenge Flag 2, My Call Remains To Buy Some Tanger – Tanger … – Seeking Alpha (seekingalpha.com)
- Tanger Factory Outlet Centers, Inc. (NYSE:SKT) – Hot Stock in Focus – Nasdaq Journal (press release) (nasdaqjournal.com)
- Retirement Security: Shopping At Tanger Outlets Bought Us A Bargain – Seeking Alpha (seekingalpha.com)
A number of research analysts recently commented on SKT shares. Zacks Investment Research lowered shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Boenning Scattergood reiterated a “hold” rating on shares of Tanger Factory Outlet Centers in a research note on Thursday, November 9th. Jefferies Group reiterated 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. KeyCorp reiterated a “hold” rating on shares of Tanger Factory Outlet Centers in a research note on Friday, August 25th. Finally, Bank of America upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.00.
Tanger Factory Outlet Centers (SKT) opened at $25.17 on Tuesday. Tanger Factory Outlet Centers has a 52 week low of $21.81 and a 52 week high of $37.34. The company has a market cap of $2,348.08, a PE ratio of 12.12, a P/E/G ratio of 3.37 and a beta of 0.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.91.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.3425 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.37 dividend on an annualized basis and a yield of 5.44%. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is currently 220.97%.
In other Tanger Factory Outlet Centers news, CMO Carrie A. Geldner sold 2,250 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $24.50, for a total transaction of $55,125.00. Following the transaction, the chief marketing officer now owns 51,261 shares in the company, valued at approximately $1,255,894.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.80% of the stock is currently owned by corporate insiders.
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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.
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