Tanger Factory Outlet Centers, Inc. (NYSE:SKT) – Analysts at Boenning Scattergood dropped their Q4 2017 EPS estimates for Tanger Factory Outlet Centers in a research report issued to clients and investors on Thursday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings per share of $0.61 for the quarter, down from their prior estimate of $0.63. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Tanger Factory Outlet Centers’ Q1 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.50 EPS.

TRADEMARK VIOLATION WARNING: “Tanger Factory Outlet Centers, Inc. Expected to Earn Q4 2017 Earnings of $0.61 Per Share (SKT)” was reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/tanger-factory-outlet-centers-inc-expected-to-earn-q4-2017-earnings-of-0-61-per-share-skt/1697290.html.

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Saturday, July 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $26.00 target price on shares of Tanger Factory Outlet Centers in a report on Thursday, September 21st. KeyCorp reaffirmed a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Friday, August 25th. Finally, Bank of America Corporation raised shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Shares of Tanger Factory Outlet Centers (NYSE SKT) opened at $24.27 on Friday. The company has a market cap of $2,294.19, a PE ratio of 11.84, a P/E/G ratio of 2.82 and a beta of 0.47. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.12 and a current ratio of 0.10. Tanger Factory Outlet Centers has a twelve month low of $21.81 and a twelve month high of $37.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.3425 dividend. This represents a $1.37 annualized dividend and a yield of 5.64%. The ex-dividend date is Monday, October 30th. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is 220.97%.

In other Tanger Factory Outlet Centers news, SVP Carrie A. Geldner sold 1,800 shares of Tanger Factory Outlet Centers stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $24.18, for a total value of $43,524.00. Following the completion of the sale, the senior vice president now owns 53,511 shares in the company, valued at approximately $1,293,895.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. RMR Advisors LLC acquired a new stake in Tanger Factory Outlet Centers in the 2nd quarter worth about $114,000. Advisor Group Inc. raised its stake in Tanger Factory Outlet Centers by 6.5% in the 2nd quarter. Advisor Group Inc. now owns 4,968 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 303 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in Tanger Factory Outlet Centers by 164.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 3,045 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new stake in Tanger Factory Outlet Centers in the 3rd quarter worth about $134,000. Finally, LS Investment Advisors LLC raised its stake in Tanger Factory Outlet Centers by 19.9% in the 2nd quarter. LS Investment Advisors LLC now owns 7,629 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 1,266 shares in the last quarter. Institutional investors and hedge funds own 96.91% of the company’s stock.

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.

Earnings History and Estimates 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.