$0.34 just might be within reach for Tanger Factory Outlet Centers, Inc. (NYSE:SKT) shareholder.

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October 29, 2017 – By Marie Mckinney

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.29, from 1.1 in 2017Q1. It improved, as 31 investors sold Tanger Factory Outlet Centers Inc. shares while 73 reduced holdings. 53 funds opened positions while 92 raised stakes. 89.64 million shares or 1.53% more from 88.29 million shares in 2017Q1 were reported.
Jpmorgan Chase And Company invested in 0% or 201,192 shares. Moreover, A D Beadell Investment Counsel Inc has 1.6% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 75,895 shares. State Of Tennessee Treasury Department holds 0.01% or 58,600 shares. Cipher Capital Lp holds 0.13% in Tanger Factory Outlet Centers Inc. (NYSE:SKT) or 64,809 shares. Next Fincl Group Incorporated accumulated 0% or 205 shares. Citadel Llc owns 195,750 shares. Axa accumulated 100,250 shares. Ig Investment Mngmt Ltd holds 0.06% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 440,700 shares. Commonwealth Equity Services holds 0.01% in Tanger Factory Outlet Centers Inc. (NYSE:SKT) or 74,857 shares. Sarasin And Prns Llp has invested 0.09% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). South Dakota Council holds 0.05% in Tanger Factory Outlet Centers Inc. (NYSE:SKT) or 91,100 shares. Cubist Systematic Strategies Lc has 0.02% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Meeder Asset reported 2,719 shares. Riverhead Capital Mngmt Ltd Liability Com reported 7,859 shares. Manufacturers Life Insur The stated it has 0% in Tanger Factory Outlet Centers Inc. (NYSE:SKT).

Since May 4, 2017, it had 0 insider buys, and 2 sales for $1.16 million activity. Shares for $220,597 were sold by Perry Chad on Monday, May 8. SCHUMAN ALLAN L had sold 32,930 shares worth $939,032 on Thursday, May 4.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) is expected to pay $0.34 on Nov 15, 2017. The indicated annual dividend is $1.37. Shareholders owning the stock before Oct 30, 2017 will be eligible to receive the payout. Based on Tanger Factory Outlet Centers, Inc.’s current price of $23.06, the dividend is 1.49 %. This dividend’s record date is Oct 31, 2017 and the announcement date is Oct 5, 2017. The stock decreased 4.43% or $1.07 on October 27, reaching $23.06. About 4.82 million shares traded or 246.76% up from the average. Tanger Factory Outlet Centers Inc. (NYSE:SKT) has declined 24.30% since October 29, 2016 and is downtrending. It has underperformed by 41.00% the S&P500.

Tanger Factory Outlet Centers, Inc. is an owner and operator of outlet centers in the United States and Canada. The company has market cap of $2.19 billion. The Firm is a fully-integrated, self-administered and self-managed real estate investment trust , which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. It has a 15.34 P/E ratio. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) Ratings Coverage

Among 10 analysts covering Tanger Factory Outlet Centers (NYSE:SKT), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. Tanger Factory Outlet Centers had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup on Monday, June 12 to “Hold”. The stock has “Hold” rating by Zacks on Thursday, August 6. The rating was upgraded by Hilliard Lyons to “Buy” on Thursday, February 11. The firm has “Buy” rating given on Tuesday, December 8 by Goldman Sachs. Jefferies maintained Tanger Factory Outlet Centers Inc. (NYSE:SKT) rating on Wednesday, August 16. Jefferies has “Hold” rating and $26.0 target. The rating was maintained by KeyBanc Capital Markets on Friday, September 22 with “Hold”. Hilliard Lyons upgraded Tanger Factory Outlet Centers Inc. (NYSE:SKT) on Tuesday, August 25 to “Neutral” rating. The stock of Tanger Factory Outlet Centers Inc. (NYSE:SKT) earned “Hold” rating by Zacks on Wednesday, August 26. The rating was downgraded by Hilliard Lyons to “Neutral” on Wednesday, July 6. The firm has “Neutral” rating by Bank of America given on Tuesday, October 6.

More notable recent Tanger Factory Outlet Centers Inc. (NYSE:SKT) news were published by: Seekingalpha.com which released: “Is Tanger Factory Outlet Ripe For Picking? Signal Vs. Noise” on October 13, 2017, also Nasdaq.com with their article: “Tanger Factory Outlet Centers Passes Through 6% Yield Mark” published on October 27, 2017, Seekingalpha.com published: “Why Tanger Factory Outlets Is On My Shopping List” on June 29, 2017. More interesting news about Tanger Factory Outlet Centers Inc. (NYSE:SKT) were released by: Seekingalpha.com and their article: “Why I Bought Tanger Factory Outlet” published on May 09, 2017 as well as Seekingalpha.com‘s news article titled: “Mr. Buffett, It’s Time For Tanger” with publication date: June 27, 2017.

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