Tanger Factory Outlet Centers Inc. (SKT) Stake Lifted by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 263.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,102 shares of the real estate investment trust’s stock after acquiring an additional 129,035 shares during the period. WINTON GROUP Ltd owned 0.19% of Tanger Factory Outlet Centers worth $4,184,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SKT. Schwab Charles Investment Management Inc. increased its position in Tanger Factory Outlet Centers by 24.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,354,340 shares of the real estate investment trust’s stock worth $31,814,000 after purchasing an additional 268,103 shares in the last quarter. Bank of Montreal Can increased its position in Tanger Factory Outlet Centers by 111.5% during the 2nd quarter. Bank of Montreal Can now owns 44,867 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 23,652 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Tanger Factory Outlet Centers by 37.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 71,723 shares of the real estate investment trust’s stock worth $1,578,000 after purchasing an additional 19,566 shares in the last quarter. BlackRock Inc. increased its position in Tanger Factory Outlet Centers by 23.8% during the 2nd quarter. BlackRock Inc. now owns 13,585,937 shares of the real estate investment trust’s stock worth $319,133,000 after purchasing an additional 2,610,355 shares in the last quarter. Finally, Aviance Capital Management LLC increased its position in Tanger Factory Outlet Centers by 248.9% during the 2nd quarter. Aviance Capital Management LLC now owns 359,528 shares of the real estate investment trust’s stock worth $8,445,000 after purchasing an additional 256,479 shares in the last quarter.

Shares of NYSE:SKT opened at $22.39 on Tuesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.07. Tanger Factory Outlet Centers Inc. has a 52-week low of $19.86 and a 52-week high of $26.73. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 2.00 and a beta of 0.53.

Tanger Factory Outlet Centers (NYSE:SKT) last issued its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.35). Tanger Factory Outlet Centers had a net margin of 12.60% and a return on equity of 10.34%. The firm had revenue of $117.08 million during the quarter, compared to analyst estimates of $116.92 million. analysts anticipate that Tanger Factory Outlet Centers Inc. will post 2.43 EPS for the current fiscal year.

In other Tanger Factory Outlet Centers news, SVP Carrie A. Warren sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $24.14, for a total value of $48,280.00. Following the completion of the sale, the senior vice president now owns 53,501 shares of the company’s stock, valued at $1,291,514.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 4,500 shares of company stock valued at $107,930 in the last ninety days. 2.10% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on SKT. ValuEngine downgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Citigroup increased their target price on shares of Tanger Factory Outlet Centers from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Tanger Factory Outlet Centers presently has a consensus rating of “Hold” and a consensus target price of $21.83.

Tanger Factory Outlet Centers Company 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 44 upscale outlet shopping centers. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies.

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

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