Mutual of America Capital Management LLC lessened its position in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 77,462 shares of the real estate investment trust’s stock after selling 2,910 shares during the period. Mutual of America Capital Management LLC’s holdings in Tanger Factory Outlet Centers were worth $2,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Chicago Equity Partners LLC raised its stake in shares of Tanger Factory Outlet Centers by 9.8% during the 4th quarter. Chicago Equity Partners LLC now owns 41,370 shares of the real estate investment trust’s stock worth $1,097,000 after acquiring an additional 3,700 shares in the last quarter. Northstar Investment Advisors LLC bought a new position in shares of Tanger Factory Outlet Centers during the 4th quarter worth approximately $8,629,000. SG Americas Securities LLC raised its stake in shares of Tanger Factory Outlet Centers by 158.9% during the 4th quarter. SG Americas Securities LLC now owns 53,359 shares of the real estate investment trust’s stock worth $1,415,000 after acquiring an additional 32,746 shares in the last quarter. Midas Management Corp raised its stake in shares of Tanger Factory Outlet Centers by 25.0% during the 4th quarter. Midas Management Corp now owns 56,250 shares of the real estate investment trust’s stock worth $1,491,000 after acquiring an additional 11,250 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Tanger Factory Outlet Centers by 1.4% during the 4th quarter. Strs Ohio now owns 286,897 shares of the real estate investment trust’s stock worth $7,605,000 after acquiring an additional 3,996 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Tanger Factory Outlet Centers Inc. (SKT) opened at $23.28 on Tuesday. 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 52 week low of $21.81 and a 52 week high of $34.88. The stock has a market cap of $2,200.00, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.92 and a beta of 0.44.

The business 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 dividend of $0.343 per share. This is a positive change from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, January 30th. This represents a $1.37 dividend on an annualized basis and a yield of 5.89%. Tanger Factory Outlet Centers’s dividend payout ratio is presently 220.97%.

In other Tanger Factory Outlet Centers 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 transaction, the chief marketing officer now owns 51,261 shares in the company, valued at approximately $1,255,894.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.

Several research analysts recently commented on SKT shares. Zacks Investment Research lowered shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Citigroup reduced their price objective 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. Boenning Scattergood reiterated a “hold” rating on shares of Tanger Factory Outlet Centers in a research note on Thursday, November 9th. Jefferies Group reiterated a “hold” rating and set a $24.00 price objective on shares of Tanger Factory Outlet Centers in a research note on Friday, December 22nd. Finally, ValuEngine lowered shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.60.

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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.

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

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