Tanger Factory Outlet Centers (SKT) Earning Somewhat Positive Press Coverage, Accern Reports

Headlines about Tanger Factory Outlet Centers (NYSE:SKT) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.2838206304706 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s scoring:

Tanger Factory Outlet Centers (NYSE:SKT) opened at $25.04 on Friday. Tanger Factory Outlet Centers has a 12-month low of $21.81 and a 12-month high of $35.22. The stock has a market capitalization of $2,370.00, a P/E ratio of 40.39, a P/E/G ratio of 3.22 and a beta of 0.52. 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 (NYSE:SKT) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.77). Tanger Factory Outlet Centers had a net margin of 12.34% and a return on equity of 8.98%. equities analysts forecast that Tanger Factory Outlet Centers 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. The ex-dividend date is Tuesday, January 30th. This represents a $1.37 dividend on an annualized basis and a yield of 5.48%. This is a positive change from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. Tanger Factory Outlet Centers’s payout ratio is currently 220.97%.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Bank of America upgraded Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Boenning Scattergood upgraded Tanger Factory Outlet Centers from an “under perform” rating to a “neutral” rating in a research report on Friday, November 3rd. ValuEngine lowered Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Jefferies Group restated a “hold” rating and set a $24.00 price objective on shares of Tanger Factory Outlet Centers in a research report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.60.

In related news, CMO Carrie A. Geldner sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was 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 owns 51,261 shares in the company, valued at approximately $1,255,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.80% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Tanger Factory Outlet Centers (SKT) Earning Somewhat Positive Press Coverage, Accern Reports” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://stocknewstimes.com/2018/01/20/tanger-factory-outlet-centers-skt-earning-somewhat-positive-press-coverage-accern-reports.html.

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.

Insider Buying and Selling 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.

Latest News

Leave a Reply