Tanger Factory Outlet Centers, (NYSE:SKT):
Tanger Outlet Centers Schedules Third Quarter 2016 Earnings Release and Conference Call.
In the market the company is trading up by 0.11 percent from yesterday’s close.
Additionally Tanger Factory Outlet Centers, recently declared a dividend for shareholders that was paid on Monday the 15th of August 2016. The dividend was $0.325 per share for the quarter which comes to $1.30 on an annualized basis. This dividend represents a yield of $3.27. The ex-dividend date was set for Wednesday the 27th of July 2016.
Company shares last traded at $39.77 a tad under $39.93, the 50 day moving average and just above the 200 day moving average of $38.11. The 50 day moving average was down by -0.39% and the 200 day average went up by +4.34%.
The company’s P/E ratio is 15.19 and the market value is 3.78B. As of the latest earnings report the EPS was $2.62 and is estimated to be $2.35 for the current year with 95,124,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.61 and the next full year EPS is anticipated to be $2.52.
Wall Street investment firms have released opinions on the stock. On August 26 UBS kept the stock rating at “Neutral” and moved up the price target to $39.00 from $34.00. On April 4 the company was downgraded from “Buy” to “Neutral” with a current price target of $35.00 in an announcement from Citigroup.
Equity analyst Citigroup raised the price target and downgraded the stock on April 4 changing the price objective from $34.00 to $35.00 and moving the rating from “Buy” to “Neutral”. On February 16 the company was set at “Buy” according to a Citigroup report up from the previous “Neutral” rating.
February 4 investment analysts at Jefferies held the stock rating at “Hold” and lowered the price target from $34.00 to $33.00. Equity analyst Boenning & Scattergood added SKT to its research portfolio by announcing an initial rating of “Underperform”.