Janney Montgomery Scott LLC grew its stake in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 41.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,423 shares of the real estate investment trust’s stock after purchasing an additional 19,516 shares during the period. Janney Montgomery Scott LLC owned approximately 0.07% of Tanger Factory Outlet Centers worth $1,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Tanger Factory Outlet Centers by 6.5% during the 2nd 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 in the last quarter. Salem Investment Counselors Inc. lifted its position in Tanger Factory Outlet Centers by 164.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 3,045 shares during the period. Capital Advisors Ltd. LLC purchased a new position in Tanger Factory Outlet Centers during the 3rd quarter valued at about $134,000. Riverhead Capital Management LLC lifted its position in Tanger Factory Outlet Centers by 101.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,859 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 3,959 shares during the period. Finally, BB&T Securities LLC lifted its position in Tanger Factory Outlet Centers by 6.2% during the 2nd quarter. BB&T Securities LLC now owns 8,575 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 501 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Tanger Factory Outlet Centers Inc. (SKT) opened at $26.04 on Wednesday. Tanger Factory Outlet Centers Inc. has a 12-month low of $21.81 and a 12-month high of $37.34. The stock has a market cap of $2,476.64, a PE ratio of 12.78, a P/E/G ratio of 3.47 and a beta of 0.52. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.10 and a current ratio of 0.10.

A number of brokerages recently issued reports on SKT. Zacks Investment Research cut shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Jefferies Group reissued a “hold” rating and set a $26.00 price target on shares of Tanger Factory Outlet Centers in a research report on Thursday, September 21st. Citigroup lowered their price target on shares of Tanger Factory Outlet Centers from $27.00 to $25.00 and set a “sell” rating for the company in a research report on Friday, November 10th. KeyCorp reissued a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

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

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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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