Tanger Factory Outlet Centers, (NYSE:SKT):
Tanger Reports Third Quarter 2016 Results.
The company is so far trading up by 0.23 percent from yesterday’s close.
Tanger Factory Outlet Centers, declared a dividend which was paid on Monday August 15th, 2016. The dividend payment was $0.325 per share for the quarter which is $1.30 annualized. The dividend yield was $3.57. The ex-dividend date was set for Thursday the 27th of October 2016.
Shares last traded at $34.31 a tad below $37.68, the 50 day moving average and barely below the 200 day moving average of $38.25. The 50 day moving average was down $-3.37 or -8.95% and the 200 day average went down by -10.30%.
The P/E ratio is currently 11.95 and the market cap of the company is 3.30B. As of the latest earnings report the EPS was $2.62 and is projected to be $2.35 for the current year with 96,069,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.60 and the next full year EPS is anticipated to be $2.51.
Several analysts have issued ratings on SKT recently. On October 26 the stock rating was downgraded from “” to “Neutral” by Goldman Sachs. August 26 investment analysts at UBS left the stock rating at “Neutral” but moved up the price target from $34.00 to $39.00.
On April 4 the company was downgraded to “Neutral” from “Buy” with a current price target of $35.00 in an announcement from Citigroup. Citigroup raised the price target and downgraded the stock on April 4 boosting the price target from $34.00 to $35.00 and cutting the rating from “Buy” to “Neutral”.
On February 16 the company was upgraded to “Buy” from “Neutral” in a report issued by Citigroup. On February 4 Jefferies made no change to the stock rating of “Hold” but lowered the price target to $33.00 from $34.00.