Nomura Asset Management Co. Ltd. trimmed its position in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 15.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,190 shares of the real estate investment trust’s stock after selling 9,660 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Tanger Factory Outlet Centers worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKT. Advisor Group Inc. increased its holdings in shares of 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 valued at $116,000 after acquiring an additional 303 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of 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 valued at $127,000 after acquiring an additional 3,045 shares during the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Tanger Factory Outlet Centers in the 3rd quarter valued at approximately $134,000. Riverhead Capital Management LLC increased its holdings in shares of Tanger Factory Outlet Centers by 101.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,859 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 3,959 shares during the last quarter. Finally, Wetherby Asset Management Inc. bought a new stake in shares of Tanger Factory Outlet Centers in the 2nd quarter valued at approximately $218,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

In related news, CMO Carrie A. Geldner sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $24.50, for a total transaction of $55,125.00. Following the completion of the transaction, the chief marketing officer now owns 51,261 shares in the company, valued at approximately $1,255,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.80% of the company’s stock.

A number of equities research analysts have recently weighed in on SKT shares. Boenning Scattergood reiterated a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Thursday, November 9th. Zacks Investment Research downgraded Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of Tanger Factory Outlet Centers in a report on Friday, August 25th. Bank of America upgraded Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Finally, Jefferies Group restated a “hold” rating and set a $26.00 price objective on shares of Tanger Factory Outlet Centers in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Tanger Factory Outlet Centers has an average rating of “Hold” and an average target price of $27.00.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) opened at $26.22 on Friday. Tanger Factory Outlet Centers, Inc. has a 12-month low of $21.81 and a 12-month high of $37.34. The stock has a market capitalization of $2,436.94, a P/E ratio of 12.58, a P/E/G ratio of 3.41 and a beta of 0.52. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.10 and a current ratio of 0.10.

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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.

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

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