HRT Financial LP bought a new stake in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 46,621 shares of the real estate investment trust’s stock, valued at approximately $836,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. raised its stake in Tanger Factory Outlet Centers by 5.3% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 10,783 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 547 shares during the last quarter. M&T Bank Corp raised its stake in Tanger Factory Outlet Centers by 6.0% during the 3rd quarter. M&T Bank Corp now owns 10,623 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 602 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Tanger Factory Outlet Centers by 0.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 134,718 shares of the real estate investment trust’s stock valued at $1,843,000 after buying an additional 616 shares during the last quarter. Bank of Montreal Can raised its stake in Tanger Factory Outlet Centers by 3.1% during the 1st quarter. Bank of Montreal Can now owns 31,712 shares of the real estate investment trust’s stock valued at $573,000 after buying an additional 968 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Tanger Factory Outlet Centers by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 123,671 shares of the real estate investment trust’s stock valued at $2,217,000 after buying an additional 989 shares during the last quarter. 74.61% of the stock is currently owned by hedge funds and other institutional investors.
Tanger Factory Outlet Centers Stock Up 0.2 %
SKT opened at $20.41 on Friday. The firm has a 50-day simple moving average of $19.34 and a two-hundred day simple moving average of $18.88. Tanger Factory Outlet Centers, Inc. has a 52 week low of $13.26 and a 52 week high of $20.61. The company has a market capitalization of $2.15 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 5.48 and a beta of 1.82. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 2.82.
Tanger Factory Outlet Centers Increases Dividend
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on SKT shares. The Goldman Sachs Group started coverage on shares of Tanger Factory Outlet Centers in a research report on Tuesday, March 21st. They set a “buy” rating and a $22.00 price objective for the company. Evercore ISI boosted their price objective on shares of Tanger Factory Outlet Centers from $20.00 to $22.00 in a research report on Wednesday. StockNews.com started coverage on shares of Tanger Factory Outlet Centers in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, 888 reissued a “maintains” rating on shares of Tanger Factory Outlet Centers in a research report on Wednesday.
Insider Buying and Selling at Tanger Factory Outlet Centers
In other Tanger Factory Outlet Centers news, Director Thomas Reddin sold 5,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $19.95, for a total transaction of $99,750.00. Following the completion of the transaction, the director now owns 45,067 shares of the company’s stock, valued at approximately $899,086.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.
About Tanger Factory Outlet Centers
Tanger Factory Outlet Centers, Inc engages in the operation of upscale open-air outlet centers. The firm 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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