Tanger Factory Outlet Centers, Inc. (NYSE:SKT – Get Rating) insider Steven B. Tanger sold 50,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $19.50, for a total value of $975,000.00. Following the transaction, the insider now owns 1,349,686 shares of the company’s stock, valued at approximately $26,318,877. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Tanger Factory Outlet Centers Trading Up 1.5 %
Shares of NYSE SKT opened at $19.51 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $2.04 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.22 and a beta of 1.83. Tanger Factory Outlet Centers, Inc. has a 1-year low of $13.26 and a 1-year high of $21.79. The business has a fifty day moving average price of $16.42 and a 200 day moving average price of $16.16.
Tanger Factory Outlet Centers Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $0.22 per share. This is a positive change from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Friday, October 28th. Tanger Factory Outlet Centers’s dividend payout ratio is currently 122.22%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of equities analysts recently issued reports on SKT shares. Evercore ISI dropped their price objective on Tanger Factory Outlet Centers from $17.00 to $15.00 in a report on Tuesday, September 27th. StockNews.com started coverage on Tanger Factory Outlet Centers in a research note on Wednesday, October 12th. They set a “hold” rating for the company.
Tanger Factory Outlet Centers Company Profile
Tanger Factory Outlet Centers, Inc (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies.
- Get a free copy of the StockNews.com research report on Tanger Factory Outlet Centers (SKT)
- Verra Mobility Stock Has Returned Back to the Station
- Does ASML’s November Rally Have Staying Power?
- Is Advance Auto Parts a Buy After its Earnings Crash?
- BJ’s Wholesale Club: Beware The Sell-Side
- The Next Catalyst For Mullen Automotive Stock Is December 23rd
Receive News & Ratings for Tanger Factory Outlet Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tanger Factory Outlet Centers and related companies with MarketBeat.com's FREE daily email newsletter.