Dean Investment Associates LLC lifted its position in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 283,853 shares of the real estate investment trust’s stock after buying an additional 23,783 shares during the period. Tanger Factory Outlet Centers comprises 1.1% of Dean Investment Associates LLC’s portfolio, making the stock its 15th largest holding. Dean Investment Associates LLC owned about 0.30% of Tanger Factory Outlet Centers worth $6,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKT. Advisor Group Inc. lifted its position in Tanger Factory Outlet Centers by 6.5% during the second quarter. Advisor Group Inc. now owns 4,968 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 303 shares during the period. BB&T Securities LLC lifted its position in Tanger Factory Outlet Centers by 6.2% during the second quarter. BB&T Securities LLC now owns 8,575 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 501 shares during the period. Utah Retirement Systems lifted its position in Tanger Factory Outlet Centers by 2.8% during the second quarter. Utah Retirement Systems now owns 21,773 shares of the real estate investment trust’s stock valued at $566,000 after purchasing an additional 588 shares during the period. Arizona State Retirement System lifted its position in Tanger Factory Outlet Centers by 1.8% during the second quarter. Arizona State Retirement System now owns 40,700 shares of the real estate investment trust’s stock valued at $1,057,000 after purchasing an additional 700 shares during the period. Finally, Capstone Asset Management Co. lifted its position in Tanger Factory Outlet Centers by 8.4% during the second quarter. Capstone Asset Management Co. now owns 10,446 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 810 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) traded up $0.56 on Wednesday, reaching $25.53. 1,950,200 shares of the company’s stock traded hands, compared to its average volume of 1,560,263. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.91. Tanger Factory Outlet Centers, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $37.34. The company has a market capitalization of $2,360.37, a P/E ratio of 12.18, a PEG ratio of 3.31 and a beta of 0.52.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.3425 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.37 annualized dividend and a yield of 5.37%. Tanger Factory Outlet Centers’s payout ratio is presently 220.97%.

In other Tanger Factory Outlet Centers news, CMO Carrie A. Geldner sold 2,250 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $24.50, for a total value of $55,125.00. Following the transaction, the chief marketing officer now directly owns 51,261 shares in the company, valued at $1,255,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by company insiders.

A number of brokerages recently weighed in on SKT. BidaskClub downgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Bank of America upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Citigroup lowered their price objective on shares of Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating on the stock in a research report on Friday, November 10th. KeyCorp restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Tanger Factory Outlet Centers has an average rating of “Hold” and an average target price of $27.00.

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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.

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

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