This is what analysts have to say about Tanger Factory Outlet Centers, Inc. (NYSE:SKT) after last week.

April 22, 2018 - By Adrian Mccoy

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) LogoInvestors sentiment increased to 1.12 in Q4 2017. Its up 0.11, from 1.01 in 2017Q3. It is positive, as 36 investors sold Tanger Factory Outlet Centers, Inc. shares while 71 reduced holdings. 33 funds opened positions while 87 raised stakes. 98.16 million shares or 5.39% more from 93.14 million shares in 2017Q3 were reported.
Oregon-based Oregon Public Employees Retirement Fund has invested 0.01% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Virginia Retirement System Et Al reported 0.01% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Janney Montgomery Scott Limited Liability Co accumulated 90,644 shares. Invesco Ltd owns 525,904 shares for 0.01% of their portfolio. Ancora Advisors Limited Liability Corporation reported 0.02% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Midas Mgmt has 0.59% invested in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) for 56,250 shares. Crestwood Advisors Grp Inc Ltd owns 277,841 shares or 0.59% of their US portfolio. Atlantic Group Ltd Company reported 500 shares. Goldman Sachs Grp Inc invested 0.01% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Brinker Capital Inc reported 0.02% stake. Independent Order Of Foresters reported 3.35% stake. Old National Bancorporation In reported 21,523 shares or 0.03% of all its holdings. Jpmorgan Chase & Co stated it has 0% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Loeb Prns Corporation reported 0.12% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Swiss State Bank holds 0% or 161,200 shares in its portfolio.

Since February 15, 2018, it had 0 insider purchases, and 3 sales for $396,915 activity. SUMMERELL VIRGINIA R sold $132,791 worth of stock or 5,800 shares. $254,274 worth of stock was sold by McDonough Thomas E. on Thursday, February 15.

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

Among 6 analysts covering Tanger Factory (NYSE:SKT), 0 have Buy rating, 2 Sell and 4 Hold. Therefore 0 are positive. Tanger Factory had 7 analyst reports since October 23, 2017 according to SRatingsIntel. As per Friday, November 10, the company rating was maintained by Citigroup. Bank of America upgraded Tanger Factory Outlet Centers, Inc. (NYSE:SKT) on Thursday, November 9 to “Neutral” rating. KeyBanc Capital Markets maintained the stock with “Hold” rating in Monday, October 23 report. The firm has “Underperform” rating by Evercore given on Thursday, February 15. On Friday, November 3 the stock rating was upgraded by Boenning & Scattergood to “Hold”. As per Friday, December 22, the company rating was maintained by Jefferies. As per Monday, October 23, the company rating was maintained by Jefferies. Below is a list of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) latest ratings and price target changes.

15/02/2018 Broker: Evercore Old Rating: In-Line New Rating: Underperform Downgrade
22/12/2017 Broker: Jefferies Rating: Hold New Target: $24.0 Maintain
10/11/2017 Broker: Citigroup Rating: Sell Old Target: $27 New Target: $25 Maintain
09/11/2017 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Upgrade
03/11/2017 Broker: Boenning & Scattergood Rating: Hold Upgrade
23/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
23/10/2017 Broker: Jefferies Rating: Hold New Target: $26.0 Maintain

The stock decreased 2.58% or $0.57 during the last trading session, reaching $21.52. About 1.12 million shares traded. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has declined 31.59% since April 22, 2017 and is downtrending. It has underperformed by 43.14% the S&P500.

Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The company has market cap of $2.12 billion. The firm invests in the real estate markets in United States. It has a 30.44 P/E ratio. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Institutional Positions Chart

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