Tanger Factory Outlet Centers, Inc. (SKT) Position Reduced by AEW Capital Management L P

AEW Capital Management L P cut its stake in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) by 8.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,459,600 shares of the real estate investment trust’s stock after selling 135,600 shares during the period. Tanger Factory Outlet Centers comprises approximately 1.2% of AEW Capital Management L P’s portfolio, making the stock its 27th largest position. AEW Capital Management L P owned about 1.53% of Tanger Factory Outlet Centers worth $56,866,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cohen & Steers Inc. raised its position in shares of Tanger Factory Outlet Centers by 477.5% in the second quarter. Cohen & Steers Inc. now owns 8,620,677 shares of the real estate investment trust’s stock valued at $169,051,000 after buying an additional 7,127,958 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Tanger Factory Outlet Centers by 4.8% in the third quarter. BlackRock Fund Advisors now owns 4,014,865 shares of the real estate investment trust’s stock valued at $156,419,000 after buying an additional 185,688 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Tanger Factory Outlet Centers by 5.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,763,710 shares of the real estate investment trust’s stock valued at $68,715,000 after buying an additional 93,504 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Tanger Factory Outlet Centers by 4.1% in the third quarter. Principal Financial Group Inc. now owns 1,603,714 shares of the real estate investment trust’s stock valued at $62,480,000 after buying an additional 63,140 shares in the last quarter. Finally, Crawford Investment Counsel Inc. raised its position in shares of Tanger Factory Outlet Centers by 3.9% in the second quarter. Crawford Investment Counsel Inc. now owns 1,521,628 shares of the real estate investment trust’s stock valued at $61,139,000 after buying an additional 57,208 shares in the last quarter. Institutional investors own 93.73% of the company’s stock.

Institutional Ownership by Quarter for Tanger Factory Outlet Centers (NYSE:SKT)

Shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) opened at 34.63 on Friday. The company’s 50 day moving average price is $34.96 and its 200 day moving average price is $36.88. Tanger Factory Outlet Centers, Inc. has a one year low of $30.88 and a one year high of $42.20. The firm has a market capitalization of $3.30 billion, a P/E ratio of 12.04 and a beta of 0.41.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Friday, January 27th. Tanger Factory Outlet Centers’s payout ratio is 44.98%.

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Several equities analysts have commented on SKT shares. Goldman Sachs Group, Inc. (The) lowered shares of Tanger Factory Outlet Centers from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $40.00 in a research note on Wednesday, October 26th. Zacks Investment Research lowered shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. Jefferies Group LLC lowered their target price on shares of Tanger Factory Outlet Centers from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. Hilliard Lyons upgraded shares of Tanger Factory Outlet Centers from a “neutral” rating to a “buy” rating in a research report on Monday, November 7th. Finally, Citigroup Inc. lowered shares of Tanger Factory Outlet Centers from a “neutral” rating to a “sell” rating and set a $33.00 target price on the stock. in a research report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.58.

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers in the United States and Canada. The Company’s consolidated portfolio consists of approximately 34 outlet centers, with a total gross leasable area of approximately 11.7 million square feet.

5 Day Chart for NYSE:SKT

Want to see what other hedge funds are holding SKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tanger Factory Outlet Centers, Inc. (NYSE:SKT).

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