News stories about Tanger Factory Outlet Centers (NYSE:SKT) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.3586194608222 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Tanger Factory Outlet Centers (NYSE:SKT) opened at 24.85 on Thursday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 16.50 and a beta of 0.49. Tanger Factory Outlet Centers has a 1-year low of $23.06 and a 1-year high of $37.54. The company has a 50 day moving average of $24.30 and a 200 day moving average of $27.23.

Tanger Factory Outlet Centers (NYSE:SKT) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Tanger Factory Outlet Centers had a return on equity of 20.75% and a net margin of 29.65%. The business had revenue of $119.60 million for the quarter, compared to analysts’ expectations of $122.00 million. During the same period in the previous year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Tanger Factory Outlet Centers will post $0.77 earnings per share for the current year.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Jefferies Group LLC lowered shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating and dropped their price objective for the company from $38.00 to $29.00 in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research note on Saturday, July 15th. Boenning Scattergood set a $25.00 price target on shares of Tanger Factory Outlet Centers and gave the company a “sell” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “neutral” rating in a research note on Monday, June 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Tanger Factory Outlet Centers currently has an average rating of “Hold” and an average target price of $30.50.

ILLEGAL ACTIVITY NOTICE: “Tanger Factory Outlet Centers (SKT) Given Daily News Sentiment Score of 0.21” was published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.watchlistnews.com/tanger-factory-outlet-centers-skt-given-daily-news-sentiment-score-of-0-21/1610102.html.

In related news, SVP Carrie A. Geldner sold 1,800 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $24.18, for a total value of $43,524.00. Following the sale, the senior vice president now directly owns 53,511 shares in the company, valued at approximately $1,293,895.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas E. Mcdonough sold 10,734 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $26.74, for a total value of $287,027.16. Following the completion of the sale, the chief operating officer now owns 180,551 shares in the company, valued at $4,827,933.74. The disclosure for this sale can be found here. Insiders own 4.80% 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.

Insider Buying and Selling by Quarter 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.