Dimensional Fund Advisors LP Increases Position in Tanger Factory Outlet Centers Inc. (SKT)

Dimensional Fund Advisors LP increased its stake in Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,419,021 shares of the real estate investment trust’s stock after acquiring an additional 42,345 shares during the period. Dimensional Fund Advisors LP owned about 1.50% of Tanger Factory Outlet Centers worth $34,654,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its position in Tanger Factory Outlet Centers by 164.2% in the second quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 3,045 shares in the last quarter. Advisor Group Inc. grew its position in Tanger Factory Outlet Centers by 6.5% in the second quarter. Advisor Group Inc. now owns 4,968 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 303 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new position in Tanger Factory Outlet Centers in the third quarter worth $134,000. Riverhead Capital Management LLC grew its position in Tanger Factory Outlet Centers by 101.5% in the second quarter. Riverhead Capital Management LLC now owns 7,859 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 3,959 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Tanger Factory Outlet Centers by 18.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,871 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 1,358 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Several analysts have weighed in on the stock. Jefferies Group reissued 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. Zacks Investment Research downgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Boenning Scattergood raised shares of Tanger Factory Outlet Centers from an “under perform” rating to a “neutral” rating in a research note on Friday, November 3rd. Bank of America raised shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research note on Thursday, November 9th. Finally, Citigroup lowered their price target on shares of Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating for the company in a research note on Friday, November 10th. 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 has a consensus rating of “Hold” and a consensus price target of $26.60.

Shares of Tanger Factory Outlet Centers Inc. (SKT) opened at $25.13 on Friday. 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 firm has a market cap of $2,350.92, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 3.18 and a beta of 0.52. Tanger Factory Outlet Centers Inc. has a one year low of $21.81 and a one year high of $35.83.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.343 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. This represents a $1.37 annualized dividend and a yield of 5.46%. Tanger Factory Outlet Centers’s payout ratio is currently 220.97%.

In other Tanger Factory Outlet Centers news, CMO Carrie A. Geldner sold 2,250 shares of the business’s 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 completion of the sale, the chief marketing officer now directly owns 51,261 shares of the company’s stock, valued at $1,255,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.80% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Dimensional Fund Advisors LP Increases Position in Tanger Factory Outlet Centers Inc. (SKT)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/14/dimensional-fund-advisors-lp-increases-position-in-tanger-factory-outlet-centers-inc-skt.html.

About Tanger Factory Outlet Centers

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)

Receive News & Ratings for Tanger Factory Outlet Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger Factory Outlet Centers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply