Shares Under Scrutiny: Tanger Factory Outlet Centers (SKT)

Adjust Comment Print

1,674,300 shares of the stock traded hands, compared to its average volume of 1,571,429. KT Corporation (NYSE:KT) has risen 15.78% since December 5, 2016 and is uptrending. It has underperformed by 4.68% the S&P500. It was reported on Dec, 5 by Barchart.com.

Tanger Factory Outlet Centers Inc (NYSE:SKT) closed yesterday at $24.84, leaving some investors asking whether this price can still be justified by the high growth potential. Echo Street Capital Management Llc sold 277,363 shares as Tanger Factory Outlet Ctrs I (SKT)'s stock declined 22.80%. The Sei Investments Company holds 296,309 shares with $7.70 million value, down from 367,050 last quarter.


Tanger Factory Outlet Centers (SKT) now has a 14 day Williams %R of -15.28. The stock increased 1.33% or $0.33 during the last trading session, reaching $25.17. The latest exchange of 1.01 Million shares is below its average trading activity of 1.16 Million shares. (NYSE:SKT) has declined 24.30% since December 5, 2016 and is downtrending. It has underperformed by 41.00% the S&P500. The forecast of 1 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Therefore 10% are positive. Tanger Factory Outlet Centers has a 12-month low of $21.81 and a 12-month high of $37.34. The firm has a market capitalization of $2,348.08, a PE ratio of 12.12, a PEG ratio of 3.37 and a beta of 0.51. As per Wednesday, December 7, the company rating was upgraded by JP Morgan. Citigroup has "Sell" rating and $25 target. As per Friday, December 9, the company rating was upgraded by Credit Suisse.

Challenge Flag 2, My Call Remains To Buy Some Tanger - Tanger ... The stock has "Buy" rating by Hilliard Lyons on Monday, November 7. The stock of CVR Refining, LP (NYSE:CVRR) has "Overweight" rating given on Tuesday, August 2 by Barclays Capital. Barclays Capital upgraded the shares of CVRR in report on Monday, October 12 to "Overweight" rating. The company has market cap of $2.48 billion. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas. Also, it has an estimated price-earnings (P/E) multiple of 14.91 and a trailing 12-month price-earnings (P/E) multiple of 16.55. Its up 0.29, from 1.1 in 2017Q1. 17 funds opened positions while 53 raised stakes. San Francisco Sentry Inv Gp (Ca) accumulated 2,143 shares. Goldman Sachs Grp accumulated 931,000 shares. Its up 3.55% from 19.01M shares previously. Barclays Public Ltd Liability Company owns 23,812 shares. Grace & White Inc Ny owns 695,164 shares or 1.54% of their U.S. portfolio. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.58 by $0.35. Lingohr Partner Asset Management Gmbh has 85,700 shares. That's a potential 6.71 gain from where (NYSE:SKT) has been trading recently. Moreover, American Trust Investment Advisors Llc has 0.77% invested in the company for 86,470 shares. Sumitomo Mitsui Incorporated invested in 45,000 shares. Rbf Lc reported 20,600 shares. They expect $0.43 EPS, up 714.29% or $0.50 from last year's $-0.07 per share. RMR Advisors LLC acquired a new stake in Tanger Factory Outlet Centers during the second quarter worth approximately $114,000. (NYSE:SKT) to report earnings on February, 13. SKT's profit will be $62.17M for 9.92 P/E if the $0.63 EPS becomes a reality. Based on that Tanger Factory Outlet Centers's stock can be considered slightly overvalued, based on its fundamentals. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Finally, Capstone Asset Management Co. boosted its stake in Tanger Factory Outlet Centers by 28.6% in the first quarter.


Tanger Factory Outlet Centers, Inc.is a real estate investment trust. (NYSE:SKT) on Tuesday, August 18 to "Buy" rating. Citigroup maintained the stock with "Sell" rating in Friday, November 10 report. The stock has "Hold" rating by Jefferies on Friday, June 16. More interesting news about Tanger Factory Outlet Centers, Inc. Jefferies has "Hold" rating and $2800 target. (NYSE:SKT) has "Neutral" rating given on Friday, August 26 by UBS.

The collective rating of 2.8 for U.S. Bancorp (NYSE:USB) also leans strongly towards the neutral end of the spectrum. It increased, as 31 investors sold SKT shares while 73 reduced holdings.


A number of hedge funds and other institutional investors have recently made changes to their positions in SKT. D E Shaw And Communications has 0% invested in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Chilton Management accumulated 195,983 shares.

Comments