Dimensional Fund Advisors LP Has $34.65 Million Stake in Tanger Factory Outlet Centers Inc. (SKT)

Dimensional Fund Advisors LP increased its stake in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other hedge funds have also modified their holdings of the business. Advisor Group Inc. grew its position in shares of Tanger Factory Outlet Centers by 6.5% in the 2nd quarter. Advisor Group Inc. now owns 4,968 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 303 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Tanger Factory Outlet Centers by 18.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,871 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 1,358 shares during the period. QS Investors LLC grew its position in shares of Tanger Factory Outlet Centers by 10.1% in the 2nd quarter. QS Investors LLC now owns 19,048 shares of the real estate investment trust’s stock valued at $495,000 after acquiring an additional 1,745 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Tanger Factory Outlet Centers by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 142,092 shares of the real estate investment trust’s stock valued at $3,691,000 after acquiring an additional 2,704 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in shares of Tanger Factory Outlet Centers by 164.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 3,045 shares during the period.

In related news, CMO Carrie A. Geldner sold 2,250 shares of the company’s 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 completion of the transaction, the chief marketing officer now directly owns 51,261 shares in the company, valued at approximately $1,255,894.50. 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 corporate insiders.

Shares of Tanger Factory Outlet Centers Inc. (NYSE SKT) opened at $25.04 on Friday. Tanger Factory Outlet Centers Inc. has a 12 month low of $21.81 and a 12 month high of $35.22. 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 firm has a market cap of $2,366.98, a PE ratio of 12.21, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52.

Tanger Factory Outlet Centers (NYSE:SKT) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.77). Tanger Factory Outlet Centers had a return on equity of 8.98% and a net margin of 12.34%. equities analysts expect that Tanger Factory Outlet Centers Inc. will post 2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.343 per share. This represents a $1.37 dividend on an annualized basis and a yield of 5.48%. This is a boost from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, January 30th. Tanger Factory Outlet Centers’s dividend payout ratio is currently 220.97%.

SKT has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Boenning Scattergood raised shares of Tanger Factory Outlet Centers from an “under perform” rating to a “neutral” rating in a report on Friday, November 3rd. Bank of America raised shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a report on Thursday, November 9th. Citigroup reduced their target price on shares of Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating for the company in a report on Friday, November 10th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $24.00 target price on shares of Tanger Factory Outlet Centers in a report on Friday, December 22nd. Three investment 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.60.

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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.

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

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