NumerixS Investment Technologies Inc lifted its position in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 4,100.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,200 shares of the real estate investment trust’s stock after purchasing an additional 4,100 shares during the period. NumerixS Investment Technologies Inc’s holdings in Tanger Factory Outlet Centers were worth $88,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in Tanger Factory Outlet Centers by 29.9% during the fourth quarter. Millennium Management LLC now owns 1,416,846 shares of the real estate investment trust’s stock worth $28,649,000 after buying an additional 326,028 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tanger Factory Outlet Centers by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 1,284,322 shares of the real estate investment trust’s stock worth $25,968,000 after buying an additional 115,944 shares during the last quarter. Norges Bank purchased a new stake in Tanger Factory Outlet Centers during the fourth quarter worth about $16,842,000. Oregon Public Employees Retirement Fund increased its holdings in Tanger Factory Outlet Centers by 1,922.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 750,304 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 713,197 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in Tanger Factory Outlet Centers by 79.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 720,113 shares of the real estate investment trust’s stock worth $15,108,000 after buying an additional 318,518 shares during the last quarter. 99.19% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on the stock. Boenning Scattergood assumed coverage on shares of Tanger Factory Outlet Centers in a report on Monday, March 25th. They set an “outperform” rating and a $27.00 price objective for the company. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Citigroup set a $23.00 price objective on shares of Tanger Factory Outlet Centers and gave the stock a “hold” rating in a report on Tuesday, February 26th. Goldman Sachs Group downgraded shares of Tanger Factory Outlet Centers from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $19.80 to $15.00 in a report on Thursday, May 9th. Finally, ValuEngine downgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “strong sell” rating in a report on Monday, April 1st. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Sell” and an average target price of $22.00.

NYSE SKT opened at $16.21 on Friday. The stock has a market cap of $1.53 billion, a P/E ratio of 6.64, a P/E/G ratio of -2.90 and a beta of 0.71. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.02 and a quick ratio of 0.02. Tanger Factory Outlet Centers Inc. has a 52-week low of $16.12 and a 52-week high of $24.91.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The firm had revenue of $123.16 million during the quarter, compared to the consensus estimate of $122.16 million. Tanger Factory Outlet Centers had a net margin of 16.76% and a return on equity of 15.71%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities research analysts anticipate that Tanger Factory Outlet Centers Inc. will post 2.23 EPS for the current year.

In other news, SVP Carrie A. Warren sold 6,878 shares of Tanger Factory Outlet Centers stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $18.06, for a total value of $124,216.68. Following the completion of the transaction, the senior vice president now owns 50,623 shares in the company, valued at $914,251.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chad Perry sold 3,000 shares of Tanger Factory Outlet Centers stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $55,920.00. Following the completion of the transaction, the executive vice president now owns 92,096 shares of the company’s stock, valued at approximately $1,716,669.44. The disclosure for this sale can be found here. Insiders sold 31,482 shares of company stock valued at $573,427 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

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Tanger Factory Outlet Centers Profile

Tanger Factory Outlet Centers, Inc (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies.

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

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