MetLife Investment Management LLC grew its stake in Tanger Factory Outlet Centers, Inc. (NYSE:SKT – Get Rating) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,168 shares of the real estate investment trust’s stock after purchasing an additional 2,041 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Tanger Factory Outlet Centers worth $741,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in Tanger Factory Outlet Centers by 0.5% during the third quarter. Advisors Asset Management Inc. now owns 134,718 shares of the real estate investment trust’s stock worth $1,843,000 after acquiring an additional 616 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Tanger Factory Outlet Centers by 44.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,552 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 785 shares during the period. Bank of Montreal Can grew its holdings in Tanger Factory Outlet Centers by 3.1% during the first quarter. Bank of Montreal Can now owns 31,712 shares of the real estate investment trust’s stock worth $573,000 after acquiring an additional 968 shares during the period. Inspire Investing LLC grew its holdings in Tanger Factory Outlet Centers by 9.5% during the second quarter. Inspire Investing LLC now owns 14,937 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 1,290 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Tanger Factory Outlet Centers by 2.5% during the second quarter. Victory Capital Management Inc. now owns 52,544 shares of the real estate investment trust’s stock worth $747,000 after acquiring an additional 1,297 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.
Tanger Factory Outlet Centers Stock Down 0.8 %
Tanger Factory Outlet Centers stock opened at $18.74 on Thursday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 2.36 and a current ratio of 2.53. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.16 and a beta of 1.83. Tanger Factory Outlet Centers, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $20.27. The stock’s fifty day moving average is $18.46 and its two-hundred day moving average is $17.53.
Tanger Factory Outlet Centers Announces Dividend
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on SKT shares. Compass Point lowered Tanger Factory Outlet Centers from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Monday, January 30th. Citigroup upped their target price on Tanger Factory Outlet Centers from $15.00 to $20.00 in a report on Wednesday, December 14th.
Tanger Factory Outlet Centers Profile
Tanger Factory Outlet Centers, Inc is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.
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