Dean Investment Associates LLC lifted its holdings in Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,885 shares of the real estate investment trust’s stock after buying an additional 5,535 shares during the period. Dean Investment Associates LLC’s holdings in Tanger Factory Outlet Centers were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of SKT. Retirement Systems of Alabama increased its position in Tanger Factory Outlet Centers by 0.4% during the first quarter. Retirement Systems of Alabama now owns 122,289 shares of the real estate investment trust’s stock worth $2,566,000 after purchasing an additional 534 shares during the last quarter. State of Alaska Department of Revenue increased its position in Tanger Factory Outlet Centers by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 29,980 shares of the real estate investment trust’s stock worth $606,000 after purchasing an additional 548 shares during the last quarter. 6 Meridian increased its position in Tanger Factory Outlet Centers by 2.7% during the first quarter. 6 Meridian now owns 21,511 shares of the real estate investment trust’s stock worth $451,000 after purchasing an additional 559 shares during the last quarter. Brinker Capital Inc. increased its position in Tanger Factory Outlet Centers by 5.2% during the first quarter. Brinker Capital Inc. now owns 11,292 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 562 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Tanger Factory Outlet Centers by 1.1% during the fourth quarter. Arizona State Retirement System now owns 67,401 shares of the real estate investment trust’s stock worth $1,363,000 after purchasing an additional 722 shares during the last quarter. 97.57% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Virginia R. Summerell sold 20,604 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.18, for a total value of $374,580.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Chad Perry sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $55,920.00. Following the completion of the transaction, the executive vice president now directly owns 92,096 shares of the company’s stock, valued at approximately $1,716,669.44. The disclosure for this sale can be found here. In the last three months, insiders sold 24,604 shares of company stock valued at $449,211. Insiders own 2.30% of the company’s stock.

Shares of SKT opened at $17.77 on Friday. Tanger Factory Outlet Centers Inc. has a 1-year low of $17.54 and a 1-year high of $24.91. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of -3.25 and a beta of 0.71. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 3.33.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.09. Tanger Factory Outlet Centers had a net margin of 16.76% and a return on equity of 15.71%. The business had revenue of $123.16 million during the quarter, compared to analyst estimates of $122.16 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities research analysts predict that Tanger Factory Outlet Centers Inc. will post 2.23 earnings per share for the current fiscal year.

A number of brokerages have weighed in on SKT. Zacks Investment Research cut shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. ValuEngine cut shares of Tanger Factory Outlet Centers from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st. Finally, Citigroup set a $21.00 price target on shares of Tanger Factory Outlet Centers and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Sell” and a consensus price target of $22.00.

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Tanger Factory Outlet Centers Profile

Tanger Factory Outlet Centers, Inc (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies.

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

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