The New Mexico Educational Retirement Board Continues to Hold Position in Tanger Factory Outlet Centers Inc. (SKT)

The New Mexico Educational Retirement Board Continues to Hold Position in Tanger Factory Outlet Centers Inc. (SKT)

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Tanger Factory Outlet Centers during the fourth quarter worth about $33,023,000. Norges Bank acquired a new stake in shares of Tanger Factory Outlet Centers during the fourth quarter worth about $30,815,000. FMR LLC increased its stake in shares of Tanger Factory Outlet Centers by 57.4% in the fourth quarter. FMR LLC now owns 1,201,600 shares of the real estate investment trust’s stock worth $42,993,000 after buying an additional 438,200 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Tanger Factory Outlet Centers by 76.1% in the third quarter. Panagora Asset Management Inc. now owns 697,661 shares of the real estate investment trust’s stock worth $27,181,000 after buying an additional 301,510 shares during the last quarter. Finally, Foresters Investment Management Company Inc. increased its stake in shares of Tanger Factory Outlet Centers by 21.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 1,035,474 shares of the real estate investment trust’s stock worth $36,045,000 after buying an additional 179,500 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

New Mexico Educational Retirement Board continued to hold its stake in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,382 shares of the real estate investment trust’s stock at the end of the first quarter. New Mexico Educational Retirement Board’s holdings in Tanger Factory Outlet Centers were worth $439,000 as of its most recent SEC filing.

Shares of Tanger Factory Outlet Centers Inc. (NYSE SKT) opened at 25.92 on Monday. The company’s 50-day moving average price is $28.69 and its 200 day moving average price is $32.74. Tanger Factory Outlet Centers Inc. has a 1-year low of $24.71 and a 1-year high of $42.20. The stock has a market cap of $2.47 billion, a PE ratio of 13.23 and a beta of 0.41.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.35. Tanger Factory Outlet Centers had a net margin of 60.55% and a return on equity of 42.50%. The company had revenue of $121.37 million during the quarter, compared to analyst estimates of $122.59 million. During the same quarter last year, the business posted $0.56 EPS. Tanger Factory Outlet Centers’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that Tanger Factory Outlet Centers Inc. will post $1.01 EPS for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were paid a dividend of $0.3425 per share. This represents a $1.37 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Wednesday, April 26th. This is a positive change from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.33. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is 44.98%.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.35. Tanger Factory Outlet Centers had a net margin of 60.55% and a return on equity of 42.50%. The company had revenue of $121.37 million during the quarter, compared to analyst estimates of $122.59 million. During the same quarter last year, the business posted $0.56 EPS. Tanger Factory Outlet Centers’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that Tanger Factory Outlet Centers Inc. will post $1.01 EPS for the current fiscal year. SKT has been the subject of a number of recent analyst reports. Evercore ISI raised Tanger Factory Outlet Centers from a “hold” rating to an “outperform” rating in a research report on Friday, March 3rd. Zacks Investment Research raised Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Thursday, March 16th. Finally, ValuEngine downgraded Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Tanger Factory Outlet Centers has an average rating of “Hold” and an average target price of $40.60.

In other Tanger Factory Outlet Centers news, Director Allan L. Schuman sold 32,930 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $28.52, for a total transaction of $939,163.60. Following the transaction, the director now owns 43,953 shares of the company’s stock, valued at approximately $1,253,539.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Chad Perry sold 8,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $27.57, for a total value of $220,560.00. Following the transaction, the executive vice president now directly owns 78,112 shares in the company, valued at approximately $2,153,547.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,339 shares of company stock valued at $1,499,994. 2.10% of the stock is owned by insiders. About Tanger Factory Outlet Centers

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SKT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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