Thrivent Financial For Lutherans trimmed its position in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,402 shares of the real estate investment trust’s stock after selling 2,220 shares during the period. Thrivent Financial For Lutherans owned approximately 0.06% of Tanger Factory Outlet Centers worth $1,361,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. RMR Advisors LLC acquired a new position in Tanger Factory Outlet Centers in the 2nd quarter valued at $114,000. LS Investment Advisors LLC raised its position in Tanger Factory Outlet Centers by 19.9% during the 2nd quarter. LS Investment Advisors LLC now owns 7,629 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,266 shares during the last quarter. Riverhead Capital Management LLC raised its position in Tanger Factory Outlet Centers by 101.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,859 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 3,959 shares during the last quarter. World Asset Management Inc raised its position in Tanger Factory Outlet Centers by 13.7% during the 1st quarter. World Asset Management Inc now owns 6,624 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 798 shares during the last quarter. Finally, Wetherby Asset Management Inc. purchased a new position in Tanger Factory Outlet Centers during the 2nd quarter worth $218,000. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Shares of Tanger Factory Outlet Centers, Inc. (NYSE SKT) opened at 24.77 on Wednesday. The firm has a market cap of $2.35 billion, a PE ratio of 16.45 and a beta of 0.49. The company has a 50 day moving average of $24.29 and a 200 day moving average of $27.24. Tanger Factory Outlet Centers, Inc. has a 52 week low of $23.06 and a 52 week high of $37.91.

Tanger Factory Outlet Centers (NYSE:SKT) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $119.60 million during the quarter, compared to analyst estimates of $122.00 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Tanger Factory Outlet Centers, Inc. will post $0.77 EPS for the current fiscal year.

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Several analysts have recently weighed in on SKT shares. Bank of America Corporation downgraded shares of Tanger Factory Outlet Centers from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $28.00 to $25.50 in a report on Friday, June 23rd. 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 stock a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC cut shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating and cut their price target for the stock from $38.00 to $29.00 in a report on Friday, June 16th. Finally, BidaskClub upgraded shares of Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $32.00.

In related news, COO Thomas E. Mcdonough sold 10,734 shares of the company’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 of the company’s stock, valued at $4,827,933.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carrie A. Geldner sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $24.18, for a total transaction of $43,524.00. Following the transaction, the senior vice president now directly owns 53,511 shares in the company, valued at approximately $1,293,895.98. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by company insiders.

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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