Voya Investment Management LLC raised its position in Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 24.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,253 shares of the real estate investment trust’s stock after purchasing an additional 39,976 shares during the quarter. Voya Investment Management LLC owned 0.22% of Tanger Factory Outlet Centers worth $4,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SKT. Prudential Financial Inc. increased its position in shares of Tanger Factory Outlet Centers by 35.6% during the first quarter. Prudential Financial Inc. now owns 209,355 shares of the real estate investment trust’s stock worth $4,606,000 after acquiring an additional 54,920 shares during the period. Swiss National Bank increased its position in shares of Tanger Factory Outlet Centers by 2.6% during the first quarter. Swiss National Bank now owns 165,400 shares of the real estate investment trust’s stock worth $3,639,000 after acquiring an additional 4,200 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Tanger Factory Outlet Centers by 4.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,086,237 shares of the real estate investment trust’s stock worth $23,898,000 after acquiring an additional 46,213 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Tanger Factory Outlet Centers by 37.5% during the first quarter. Thrivent Financial for Lutherans now owns 71,723 shares of the real estate investment trust’s stock worth $1,578,000 after acquiring an additional 19,566 shares during the period. Finally, BlackRock Inc. increased its position in shares of Tanger Factory Outlet Centers by 1.3% during the first quarter. BlackRock Inc. now owns 10,975,582 shares of the real estate investment trust’s stock worth $241,464,000 after acquiring an additional 142,726 shares during the period.

SKT has been the topic of a number of recent research reports. ValuEngine lowered Tanger Factory Outlet Centers from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Citigroup upped their price objective on Tanger Factory Outlet Centers from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research raised Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Tanger Factory Outlet Centers presently has an average rating of “Hold” and an average price target of $21.83.

Tanger Factory Outlet Centers stock opened at $22.64 on Thursday. Tanger Factory Outlet Centers Inc. has a twelve month low of $19.86 and a twelve month high of $26.73. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $2.10 billion, a PE ratio of 9.20, a P/E/G ratio of 1.94 and a beta of 0.53.

Tanger Factory Outlet Centers (NYSE:SKT) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). Tanger Factory Outlet Centers had a return on equity of 10.34% and a net margin of 12.60%. The company had revenue of $117.08 million for the quarter, compared to analysts’ expectations of $116.92 million. analysts predict that Tanger Factory Outlet Centers Inc. will post 2.43 EPS for the current year.

In related news, SVP Carrie A. Warren sold 2,000 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $24.14, for a total value of $48,280.00. Following the transaction, the senior vice president now owns 53,501 shares of the company’s stock, valued at $1,291,514.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 4,500 shares of company stock worth $107,930 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

About Tanger Factory Outlet Centers

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 44 upscale outlet shopping centers. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies.

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

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