Tanger Factory Outlet Centers, Inc. (SKT) Stake Decreased by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 54.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,613 shares of the real estate investment trust’s stock after selling 24,246 shares during the period. SG Americas Securities LLC’s holdings in Tanger Factory Outlet Centers were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Capstone Asset Management Co. lifted its stake in Tanger Factory Outlet Centers by 8.4% in the 2nd quarter. Capstone Asset Management Co. now owns 10,446 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 810 shares during the last quarter. Aperio Group LLC increased its position in Tanger Factory Outlet Centers by 106.7% in the 2nd quarter. Aperio Group LLC now owns 25,696 shares of the real estate investment trust’s stock valued at $668,000 after acquiring an additional 13,267 shares during the period. Texas Permanent School Fund increased its position in Tanger Factory Outlet Centers by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 70,423 shares of the real estate investment trust’s stock valued at $1,830,000 after acquiring an additional 731 shares during the period. Wetherby Asset Management Inc. acquired a new position in Tanger Factory Outlet Centers in the 2nd quarter valued at approximately $218,000. Finally, Schwab Charles Investment Management Inc. increased its position in Tanger Factory Outlet Centers by 7.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,012,260 shares of the real estate investment trust’s stock valued at $26,299,000 after acquiring an additional 67,151 shares during the period. 95.30% of the stock is owned by institutional investors.

In other 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 transaction of $55,125.00. Following the completion of 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 filing with the SEC, which is available at this link. Corporate insiders own 4.80% of the company’s stock.

Shares of Tanger Factory Outlet Centers, Inc. (NYSE SKT) traded down $0.11 during midday trading on Tuesday, reaching $24.97. 1,206,700 shares of the company’s stock traded hands, compared to its average volume of 1,558,625. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.10 and a current ratio of 0.10. Tanger Factory Outlet Centers, Inc. has a 1 year low of $21.81 and a 1 year high of $37.34. The firm has a market cap of $2,370.77, a PE ratio of 12.23, a P/E/G ratio of 3.32 and a beta of 0.52.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Monday, October 30th. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is presently 220.97%.

SKT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group restated a “hold” rating and issued a $26.00 price target on shares of Tanger Factory Outlet Centers in a research report on Thursday, September 21st. KeyCorp restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Boenning Scattergood restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Thursday, November 9th. Finally, Bank of America upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.

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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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