Tanger Factory Outlet Centers Company Profile (NYSE:SKT)

Tanger Factory Outlet Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKT."

Tanger Factory Outlet Centers declared a quarterly dividend on Friday, July 7th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.3425 per share on Tuesday, August 15th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend is Thursday, July 27th. View Tanger Factory Outlet Centers' Dividend History.

Tanger Factory Outlet Centers declared that its Board of Directors has authorized a share repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback $125,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 54% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) issued its quarterly earnings results on Tuesday, August, 1st. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.58 by $0.01. The company earned $119.60 million during the quarter, compared to analysts' expectations of $122 million. Tanger Factory Outlet Centers had a net margin of 29.65% and a return on equity of 20.75%. The company's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. View Tanger Factory Outlet Centers' Earnings History.

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers updated its FY17 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $2.40-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.41.

8 analysts have issued 1 year price targets for Tanger Factory Outlet Centers' stock. Their forecasts range from $25.00 to $40.00. On average, they expect Tanger Factory Outlet Centers' share price to reach $29.90 in the next twelve months. View Analyst Ratings for Tanger Factory Outlet Centers.

Here are some recent quotes from research analysts about Tanger Factory Outlet Centers stock:

• 1. According to Zacks Investment Research, "Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. " (7/15/2017)
• 2. Jefferies Group LLC analysts commented, "We are adjusting our 2017 & 2018 estimates due to updated management, leasing & development fee assumptions. We also are lowering projected JV income to properly reflect the consolidation of the Savannah outlet. Our 2017/2018 FFO/sh estimates go to $2.45/$2.58, from $2.49/$2.62. We are also Lowering our PT to $41, from $42." (1/27/2017)

Some companies that are related to Tanger Factory Outlet Centers include Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Retail Properties of America (RPAI), Taubman Centers (TCO), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Washington Prime Group (WPG), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corporation (GTY), Ramco-Gershenson Properties Trust (RPT), Pennsylvania R.E.I.T. (PEI) and Cedar Realty Trust (CDR).

Tanger Factory Outlet Centers' management team includes the folowing people:

• Steven B. Tanger, President, Chief Executive Officer, Director
• James F. Williams CPA, Chief Financial Officer
• Thomas E. McDonough, Chief Operating Officer, Executive Vice President
• Chad D. Perry, Executive Vice President, General Counsel, Secretary
• Virginia R. Summerell, Senior Vice President - Finance, Treasurer, Assistant Secretary
• Carrie Ann Geldner, Senior Vice President, Chief Marketing Officer
• Lisa J. Morrison, Senior Vice President - Leasing
• Charles A. Worsham, Senior Vice President - Construction and Development
• Thomas J. Guerrieri Jr., Chief Accounting Officer, Vice President, Controller
• Thomas J. Reddin, Non-Executive Chairman of the Board, Independent Director

Tanger Factory Outlet Centers' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (15.91%), State Street Corp (11.89%), BlackRock Inc. (11.83%), Principal Financial Group Inc. (4.15%), Bank of New York Mellon Corp (2.53%) and Duff & Phelps Investment Management Co. (1.69%). Company insiders that own Tanger Factory Outlet Centers stock include Allan L Schuman, Carrie A Geldner, Chad Perry, Frank C Marchisello, Jr, James Floyd Williams, Jeffrey B Citrin, Lisa J Morrison, Manuel O Jessup, Steven B Tanger, Thomas E Mcdonough, Virginia R Summerell and William G Benton. View Institutional Ownership Trends for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers' stock was sold by a variety of institutional investors in the last quarter, including Crawford Investment Counsel Inc., Russell Investments Group Ltd., William Blair Investment Management LLC, LSV Asset Management, BTIM Corp., TIAA CREF Investment Management LLC, Employees Retirement System of Texas and JPMorgan Chase & Co.. Company insiders that have sold Tanger Factory Outlet Centers stock in the last year include Allan L Schuman, Carrie A Geldner, Chad Perry, Lisa J Morrison, Thomas E Mcdonough and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers' stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., State Street Corp, Los Angeles Capital Management & Equity Research Inc., BlueCrest Capital Management Ltd, Numeric Investors LLC, Bank of New York Mellon Corp, Koch Industries Inc. and Ameriprise Financial Inc.. View Insider Buying and Selling for Tanger Factory Outlet Centers.

Shares of Tanger Factory Outlet Centers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Tanger Factory Outlet Centers stock can currently be purchased for approximately $24.25.