WINTON GROUP Ltd grew its holdings in shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 263.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 178,102 shares of the real estate investment trust’s stock after acquiring an additional 129,035 shares during the period. WINTON GROUP Ltd’s holdings in Tanger Factory Outlet Centers were worth $4,184,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SKT. BlackRock Inc. boosted its stake in shares of Tanger Factory Outlet Centers by 23.8% during the 2nd quarter. BlackRock Inc. now owns 13,585,937 shares of the real estate investment trust’s stock valued at $319,133,000 after buying an additional 2,610,355 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Tanger Factory Outlet Centers during the 1st quarter valued at approximately $46,302,000. Principal Financial Group Inc. lifted its stake in Tanger Factory Outlet Centers by 9.1% during the first quarter. Principal Financial Group Inc. now owns 8,239,374 shares of the real estate investment trust’s stock worth $181,266,000 after purchasing an additional 688,466 shares during the last quarter. American Century Companies Inc. bought a new position in Tanger Factory Outlet Centers during the second quarter worth $8,488,000. Finally, Landscape Capital Management L.L.C. bought a new position in Tanger Factory Outlet Centers during the first quarter worth $5,956,000.

Shares of SKT opened at $22.39 on Tuesday. Tanger Factory Outlet Centers Inc. has a 12-month low of $19.86 and a 12-month high of $26.73. The firm has a market cap of $2.17 billion, a P/E ratio of 10.83, a PEG ratio of 2.00 and a beta of 0.53. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 3.07.

Tanger Factory Outlet Centers (NYSE:SKT) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $117.08 million for the quarter, compared to the consensus estimate of $116.92 million. analysts predict that Tanger Factory Outlet Centers Inc. will post 2.43 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. ValuEngine upgraded Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 1st. Zacks Investment Research upgraded Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Citigroup raised their price objective on Tanger Factory Outlet Centers from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, August 16th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.83.

In related news, EVP Chad Perry sold 2,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $23.76, for a total transaction of $47,520.00. Following the transaction, the executive vice president now directly owns 89,017 shares in the company, valued at $2,115,043.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 4,500 shares of company stock worth $107,930 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

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 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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