Tanger Factory Outlet Centers Inc. (SKT) Analysts See $0.59 EPS

July 17, 2017 - By Linda Rogers

 Tanger Factory Outlet Centers Inc. (SKT) Analysts See $0.59 EPS
Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.12, from 1.09 in 2016Q3. It increased, as 20 investors sold Tanger Factory Outlet Centers Inc. shares while 89 reduced holdings. 31 funds opened positions while 101 raised stakes. 86.86 million shares or 0.72% less from 87.49 million shares in 2016Q3 were reported.
Alliancebernstein Lp holds 0% or 130,532 shares. Capstone Asset Mgmt holds 7,491 shares or 0.01% of its portfolio. Rafferty Asset Ltd holds 0.04% or 25,656 shares. Chilton Mgmt Limited Liability Company has 0.85% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 228,177 shares. Capital Advisers Ltd Co stated it has 0.01% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Schwab Charles Investment Mngmt stated it has 0.03% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Schnieders Capital Mngmt Ltd Company accumulated 0.11% or 6,200 shares. Salem Investment Counselors invested in 7,069 shares. Sigma Planning Corporation holds 0.03% or 8,242 shares in its portfolio. Fuller And Thaler Asset holds 0% or 560 shares in its portfolio. Johnson Financial Gru reported 950 shares or 0.01% of all its holdings. Cambridge, Iowa-based fund reported 6,864 shares. Boston Private Wealth Limited owns 20,112 shares. Pioneer Mngmt accumulated 63,200 shares or 0.01% of the stock. Ww Asset Management has 0.01% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT).

Since February 21, 2017, it had 0 insider purchases, and 8 insider sales for $2.55 million activity. Another trade for 32,930 shares valued at $939,032 was sold by SCHUMAN ALLAN L. $103,362 worth of Tanger Factory Outlet Centers Inc. (NYSE:SKT) was sold by Perry Chad. On Monday, April 3 McDonough Thomas E. sold $340,270 worth of Tanger Factory Outlet Centers Inc. (NYSE:SKT) or 10,409 shares. The insider SUMMERELL VIRGINIA R sold 7,000 shares worth $239,316. GELDNER CARRIE A also sold $67,504 worth of Tanger Factory Outlet Centers Inc. (NYSE:SKT) shares. $103,818 worth of Tanger Factory Outlet Centers Inc. (NYSE:SKT) was sold by Williams James Floyd on Monday, February 27.

Analysts await Tanger Factory Outlet Centers Inc. (NYSE:SKT) to report earnings on July, 25. They expect $0.59 earnings per share, 0.00 % or $0.00 from last year’s $0.59 per share. SKT’s profit will be $57.49M for 11.26 P/E if the $0.59 EPS becomes a reality. After $0.58 actual earnings per share reported by Tanger Factory Outlet Centers Inc. for the previous quarter, Wall Street now forecasts 1.72 % EPS growth. It is down 24.30% since July 17, 2016 and is downtrending. It has underperformed by 41.00% the S&P500.

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

Among 8 analysts covering Tanger Factory Outlet Centers (NYSE:SKT), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Tanger Factory Outlet Centers had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Hilliard Lyons to “Neutral” on Wednesday, July 6. The firm has “Sell” rating by Citigroup given on Tuesday, December 13. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, October 7. Bank of America upgraded the shares of SKT in report on Tuesday, October 6 to “Neutral” rating. The firm has “Buy” rating given on Thursday, February 11 by Hilliard Lyons. The stock of Tanger Factory Outlet Centers Inc. (NYSE:SKT) earned “Sell” rating by M Partners on Tuesday, August 11. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, October 26 report. The firm has “Buy” rating by Zacks given on Tuesday, August 18. As per Friday, August 7, the company rating was upgraded by KeyBanc Capital Markets. As per Friday, August 26, the company rating was maintained by UBS.

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 $2.59 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 13.57 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.

More notable recent Tanger Factory Outlet Centers Inc. (NYSE:SKT) news were published by: Prnewswire.com which released: “Tanger Closes on $300 Million 3.875% Senior Notes Due 2027” on July 03, 2017, also Prnewswire.com with their article: “TANGER FACTORY OUTLET CENTERS, INC. CEO Presentation at NAREIT’s REITWeek 2017” published on May 30, 2017, Seekingalpha.com published: “Why I Bought Tanger Factory Outlet” on May 09, 2017. More interesting news about Tanger Factory Outlet Centers Inc. (NYSE:SKT) were released by: Seekingalpha.com and their article: “Tanger Factory Outlet Centers: A Bargain REIT For DGI Investors?” published on February 20, 2017 as well as Prnewswire.com‘s news article titled: “Tanger Outlets Awards Childrens Education Grants Nationwide” with publication date: June 19, 2017.

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