Headlines about Tanger Factory Outlet Centers (NYSE:SKT) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tanger Factory Outlet Centers earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.6149363863311 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Head to Head Contrast: CoreSite Realty Corporation (COR) vs. Tanger Factory Outlet Centers (SKT) (americanbankingnews.com)
- $117.51 Million in Sales Expected for Tanger Factory Outlet Centers, Inc. (SKT) This Quarter (americanbankingnews.com)
- Tanger Factory Outlet Centers, Inc. (SKT) Announces $0.34 Quarterly Dividend (americanbankingnews.com)
- Tanger Factory Outlet Centers (SKT) Declares $0.3425 Quarterly Dividend; 5.5% Yield (streetinsider.com)
- Tanger Declares Dividend For Third Quarter 2017 (finance.yahoo.com)
Tanger Factory Outlet Centers (SKT) opened at 25.31 on Wednesday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 16.81 and a beta of 0.49. Tanger Factory Outlet Centers has a 52-week low of $23.06 and a 52-week high of $37.34. The stock’s 50 day moving average is $24.39 and its 200 day moving average is $26.98.
Tanger Factory Outlet Centers (NYSE:SKT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The company had revenue of $119.60 million during the quarter, compared to analyst estimates of $122.00 million. Tanger Factory Outlet Centers had a return on equity of 20.75% and a net margin of 29.65%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. On average, analysts predict that Tanger Factory Outlet Centers will post $0.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.3425 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.37 annualized dividend and a dividend yield of 5.41%. Tanger Factory Outlet Centers’s payout ratio is currently 90.73%.
SKT has been the subject of several recent analyst reports. Jefferies Group LLC cut shares of Tanger Factory Outlet Centers from a “buy” rating to a “hold” rating and reduced their price objective for the company from $38.00 to $29.00 in a research note on Friday, June 16th. Bank of America Corporation downgraded shares of Tanger Factory Outlet Centers from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $28.00 to $25.50 in a report on Friday, June 23rd. BidaskClub upgraded shares of Tanger Factory Outlet Centers from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a report on Saturday, July 15th. Finally, 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.50.
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In other Tanger Factory Outlet Centers news, SVP Carrie A. Geldner sold 1,800 shares of the business’s stock in a transaction that occurred on 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 owns 53,511 shares in the company, valued at approximately $1,293,895.98. The transaction 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 that occurred on 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 approximately $4,827,933.74. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.
Tanger Factory Outlet Centers Company Profile
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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