Tanger Factory Outlet Centers(SKT) is having a Dividend Yield of 3.89% with the Annual cash Dividend per share of $1.26. The last quarter cash dividend per share pay out was $0.33. Tanger Factory Outlet Centers has a 5 year average dividend yield of 2.93% and the stock has a Indicated annual dividend of $1.3. Tanger Factory Outlet Centers(SKT) formally announced its most recent dividend on January 6, 2017 with a Dividend per share of $0.33. The new indicated annual dividend based on announced dividend per share is $1.3. The dividend yield based on the forward looking indicated annual dividend is 3.89%. Tanger Factory Outlet Centers(SKT) has the most recent dividend payout ratio of 0.55 with a 5-year average payout ratio of 0.51. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.04. The 5 year historical dividend growth of Tanger Factory Outlet Centers(SKT) is at the rate of 11.04% while the R-Squared dividend growth is 0.92. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) witnessed a decline in the market cap on Thursday as its shares dropped 0.03% or 0.01 points. After the session commenced at $33.46, the stock reached the higher end at $33.69 while it hit a low of $33.29. With the volume soaring to 539,264 shares, the last trade was called at $33.41. The company has a 52-week high of $42.2. The company has a market cap of $3,210 million and there are 96,069,262 shares in outstanding. The 52-week low of the share price is $30.875. Tanger Factory Outlet Centers, Inc. has lost 2.71% in the last five trading days and dropped 5.76% in the last 4 weeks. Tanger Factory Outlet Centers, Inc. has dropped 2.71% during the last 3-month period . Year-to-Date the stock performance stands at -5.73%.
Currently the company Insiders own 2.1% of Tanger Factory Outlet Centers, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.99% . Institutional Investors own 94.39% of Tanger Factory Outlet Centers, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -3.64%. Company has reported several Insider transactions to the SEC, on Nov 14, 2016, Carrie A Geldner (SVP, Chief Marketing Officer) sold 2,000 shares at 34.73 per share price.On Nov 8, 2016, Lisa J Morrison (Senior VP Leasing) sold 4,500 shares at 33.89 per share price.On Nov 1, 2016, Jeffrey B Citrin (director) purchased 1,000 shares at 34.40 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Tanger Factory Outlet Centers was Upgraded by Jefferies on Jan 4, 2017 to Buy, Price Target of the shares are set at $42.Tanger Factory Outlet Centers was Downgraded by Citigroup to Sell on Dec 13, 2016.
Tanger Factory Outlet Centers Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.61 EPS for the quarter. Analyst had a consensus estimate of $0.61. The company had revenue of $124.60 million for the quarter, compared to analysts expectations of $121.93 million. The companys revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
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.