Tanger (NYSE:SKT – Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Tanger Trading Up 0.8 %
Shares of SKT stock opened at $27.18 on Tuesday. The stock’s fifty day moving average price is $27.29 and its two-hundred day moving average price is $24.92. The company has a market cap of $2.86 billion, a PE ratio of 31.24, a P/E/G ratio of 3.41 and a beta of 1.83. Tanger has a fifty-two week low of $17.22 and a fifty-two week high of $28.77. The company has a debt-to-equity ratio of 2.78, a quick ratio of 2.04 and a current ratio of 2.04.
Tanger Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Tuesday, January 30th. Tanger’s dividend payout ratio is presently 119.54%.
Insider Activity at Tanger
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Tanger by 11.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,790 shares of the real estate investment trust’s stock worth $576,000 after acquiring an additional 2,062 shares in the last quarter. American Century Companies Inc. raised its position in shares of Tanger by 68.7% in the 3rd quarter. American Century Companies Inc. now owns 35,396 shares of the real estate investment trust’s stock worth $800,000 after acquiring an additional 14,417 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Tanger by 7.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 152,677 shares of the real estate investment trust’s stock worth $3,451,000 after acquiring an additional 10,900 shares in the last quarter. Morgan Stanley raised its position in shares of Tanger by 14.6% in the 3rd quarter. Morgan Stanley now owns 1,367,863 shares of the real estate investment trust’s stock worth $30,914,000 after acquiring an additional 173,942 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Tanger by 24.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 51,345 shares of the real estate investment trust’s stock worth $1,160,000 after acquiring an additional 10,154 shares in the last quarter. 84.94% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on SKT shares. Compass Point downgraded Tanger from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Wednesday, November 8th. JPMorgan Chase & Co. raised Tanger from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $29.00 in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.67.
Tanger Company Profile
Tanger Factory Outlet Centers, Inc (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including the newly opened Tanger Outlets Nashville. Tanger's operating centers, which comprise over 14 million square feet, are located in 20 states and in Canada and are leased to over 2,900 stores operated by more than 700 different brand name companies.
- Five stocks we like better than Tanger
- What is Forex and How Does it Work?
- 3 attractive stocks that insiders are buying
- Where Do I Find 52-Week Highs and Lows?
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- Mega Cap Stocks: What They Are and How to Invest
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Tanger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger and related companies with MarketBeat.com's FREE daily email newsletter.