Chicago Equity Partners LLC bought a new stake in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 49,070 shares of the real estate investment trust’s stock, valued at approximately $1,912,000. Chicago Equity Partners LLC owned about 0.05% of Tanger Factory Outlet Centers as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. boosted its stake in shares of Tanger Factory Outlet Centers by 27.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,600 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 565 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Tanger Factory Outlet Centers by 1,586.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,372 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 3,172 shares during the period. Westport Resources Management Inc. bought a new stake in shares of Tanger Factory Outlet Centers during the second quarter valued at approximately $137,000. Advisor Group Inc. bought a new stake in shares of Tanger Factory Outlet Centers during the second quarter valued at approximately $182,000. Finally, Johnson Investment Counsel Inc. bought a new stake in shares of Tanger Factory Outlet Centers during the second quarter valued at approximately $200,000. Institutional investors own 93.76% of the company’s stock.

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

Shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) traded down 0.65% during midday trading on Friday, hitting $35.37. 544,244 shares of the stock were exchanged. Tanger Factory Outlet Centers, Inc. has a one year low of $29.46 and a one year high of $42.20. The stock’s 50-day moving average price is $35.38 and its 200 day moving average price is $37.83. The stock has a market cap of $3.37 billion, a P/E ratio of 12.30 and a beta of 0.41.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Tanger Factory Outlet Centers had a net margin of 60.55% and a return on equity of 42.50%. The company earned $119.10 million during the quarter, compared to analyst estimates of $114.41 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Tanger Factory Outlet Centers, Inc. will post $2.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, January 27th. Tanger Factory Outlet Centers’s dividend payout ratio is presently 44.98%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Watch List News and is the propert of of Watch List News. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark and copyright laws. The original version of this piece of content can be read at http://www.watchlistnews.com/chicago-equity-partners-llc-buys-shares-of-49070-tanger-factory-outlet-centers-inc-skt/1060539.html.

SKT has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, October 11th. Jefferies Group upgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “buy” rating and raised their price objective for the company from $41.00 to $42.00 in a research note on Wednesday, January 4th. Hilliard Lyons upgraded shares of Tanger Factory Outlet Centers from a “neutral” rating to a “buy” rating in a research note on Monday, November 7th. Goldman Sachs Group, Inc. (The) cut shares of Tanger Factory Outlet Centers from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 26th. Finally, Citigroup Inc. cut shares of Tanger Factory Outlet Centers from a “neutral” rating to a “sell” rating and set a $33.00 price objective for the company. in a research note on Tuesday, December 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Tanger Factory Outlet Centers presently has a consensus rating of “Hold” and an average price target of $40.07.

In other Tanger Factory Outlet Centers news, VP Lisa J. Morrison sold 4,500 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $33.89, for a total transaction of $152,505.00. Following the completion of the sale, the vice president now directly owns 34,404 shares of the company’s stock, valued at $1,165,951.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey B. Citrin acquired 1,000 shares of Tanger Factory Outlet Centers stock in a transaction on Friday, October 28th. The shares were purchased at an average cost of $34.40 per share, with a total value of $34,400.00. Following the completion of the purchase, the director now directly owns 14,862 shares of the company’s stock, valued at approximately $511,252.80. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers in the United States and Canada. The Company’s consolidated portfolio consists of approximately 34 outlet centers, with a total gross leasable area of approximately 11.7 million square feet.

5 Day Chart for NYSE:SKT

Want to see what other hedge funds are holding SKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tanger Factory Outlet Centers, Inc. (NYSE:SKT).

Receive News & Ratings for Tanger Factory Outlet Centers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger Factory Outlet Centers Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.