Kempen Capital Management N.V. increased its position in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 43.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 47,237 shares of the real estate investment trust’s stock after acquiring an additional 14,250 shares during the quarter. Kempen Capital Management N.V.’s holdings in Tanger Factory Outlet Centers were worth $1,228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. RMR Advisors LLC purchased a new stake in Tanger Factory Outlet Centers in the 2nd quarter worth about $114,000. Elkfork Partners LLC increased its holdings in Tanger Factory Outlet Centers by 3.9% in the 1st quarter. Elkfork Partners LLC now owns 4,424 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 168 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in Tanger Factory Outlet Centers by 3.9% in the 1st quarter. Meadow Creek Investment Management LLC now owns 5,372 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 204 shares during the last quarter. World Asset Management Inc increased its holdings in Tanger Factory Outlet Centers by 13.7% in the 1st quarter. World Asset Management Inc now owns 6,624 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 798 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Tanger Factory Outlet Centers by 9.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,513 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 649 shares during the last quarter. 96.82% of the stock is owned by institutional investors.

In related news, SVP Carrie A. Geldner sold 1,800 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $24.18, for a total transaction of $43,524.00. Following the completion of the sale, the senior vice president now owns 53,511 shares in the company, valued at $1,293,895.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas E. Mcdonough sold 10,734 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $26.74, for a total value of $287,027.16. Following the sale, the chief operating officer now owns 180,551 shares of the company’s stock, valued at approximately $4,827,933.74. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

Several equities research analysts recently weighed in on the company. KeyCorp reissued a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Friday, August 25th. BidaskClub lowered Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Boenning Scattergood set a $25.00 price objective on Tanger Factory Outlet Centers and gave the stock a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Saturday, July 15th. Finally, Bank of America Corporation lowered Tanger Factory Outlet Centers from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $28.00 to $25.50 in a report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Tanger Factory Outlet Centers has an average rating of “Hold” and a consensus price target of $32.43.

Tanger Factory Outlet Centers, Inc. (SKT) opened at 24.36 on Wednesday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 16.18 and a beta of 0.47. Tanger Factory Outlet Centers, Inc. has a 12-month low of $23.06 and a 12-month high of $40.05. The firm’s 50-day moving average price is $24.71 and its 200-day moving average price is $27.78.

Tanger Factory Outlet Centers (NYSE:SKT) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $119.60 million during the quarter, compared to analysts’ expectations of $122.00 million. Tanger Factory Outlet Centers had a return on equity of 20.75% and a net margin of 29.65%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 earnings per share. On average, equities analysts predict that Tanger Factory Outlet Centers, Inc. will post $0.78 EPS for the current fiscal year.

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Tanger Factory Outlet Centers 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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