Mutual of America Capital Management LLC boosted its stake in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,494 shares of the real estate investment trust’s stock after acquiring an additional 4,750 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Tanger Factory Outlet Centers worth $2,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its position in Tanger Factory Outlet Centers by 2,800.6% during the 1st quarter. BlackRock Inc. now owns 11,216,024 shares of the real estate investment trust’s stock worth $367,550,000 after buying an additional 10,829,338 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Tanger Factory Outlet Centers by 199.1% in the 2nd quarter. Principal Financial Group Inc. now owns 3,947,025 shares of the real estate investment trust’s stock worth $102,543,000 after acquiring an additional 2,627,566 shares during the period. State Street Corp lifted its stake in shares of Tanger Factory Outlet Centers by 8.6% in the 1st quarter. State Street Corp now owns 10,158,106 shares of the real estate investment trust’s stock worth $332,880,000 after acquiring an additional 805,917 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Tanger Factory Outlet Centers by 278.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 678,150 shares of the real estate investment trust’s stock worth $17,618,000 after acquiring an additional 498,985 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Tanger Factory Outlet Centers by 9.8% in the 1st quarter. Morgan Stanley now owns 5,353,601 shares of the real estate investment trust’s stock worth $175,438,000 after acquiring an additional 477,744 shares during the period. 96.82% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was first published by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/mutual-of-america-capital-management-llc-buys-4750-shares-of-tanger-factory-outlet-centers-inc-skt/1607016.html.

Shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) opened at 24.77 on Wednesday. Tanger Factory Outlet Centers, Inc. has a 52 week low of $23.06 and a 52 week high of $37.91. The company has a 50 day moving average of $24.29 and a 200 day moving average of $27.24. The firm has a market cap of $2.35 billion, a PE ratio of 16.45 and a beta of 0.49.

Tanger Factory Outlet Centers (NYSE:SKT) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Tanger Factory Outlet Centers had a return on equity of 20.75% and a net margin of 29.65%. The business had revenue of $119.60 million during the quarter, compared to analyst estimates of $122.00 million. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Tanger Factory Outlet Centers, Inc. will post $0.77 EPS for the current fiscal year.

A number of research analysts have recently issued reports on SKT shares. Citigroup Inc. upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “neutral” rating in a research note on Monday, June 12th. Jefferies Group LLC reissued a “hold” rating and set a $26.00 price target on shares of Tanger Factory Outlet Centers in a report on Thursday, September 21st. BidaskClub upgraded shares of Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. KeyCorp restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Finally, Boenning Scattergood set a $25.00 price objective on Tanger Factory Outlet Centers and gave the company a “sell” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.00.

In other news, COO Thomas E. Mcdonough sold 10,734 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $26.74, for a total value of $287,027.16. Following the completion of the transaction, the chief operating officer now owns 180,551 shares of the company’s stock, valued at $4,827,933.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carrie A. Geldner sold 1,800 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $24.18, for a total value of $43,524.00. Following the completion of the transaction, the senior vice president now directly owns 53,511 shares of the company’s stock, valued at approximately $1,293,895.98. The disclosure for this sale can be found here. 4.80% of the stock is owned by insiders.

Tanger Factory Outlet Centers Company Profile

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.

Institutional Ownership by Quarter for Tanger Factory Outlet Centers (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.