Tanger Factory fights back with $125M buyback plan

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ProShare Advisors LLC decreased its stake in Tanger Factory Outlet Centers Inc. Finally, Creative Planning boosted its position in shares of Tanger Factory Outlet Centers by 6.8% in the first quarter. Pacad Investment Ltd. bought a new position in shares of Tanger Factory Outlet Centers during the fourth quarter worth approximately $240,000.

Bargain stock hunters have honed in their attention of late on shares of Tanger Factory Outlet Centers, Inc. The stock rose 0.11% or $0.05 reaching $43.1 per share.

Tanger Factory Outlet Centers, Inc.is an owner and operator of outlet centers in the United States and Canada. With over 36 years of experience in the outlet industry and one additional center now under construction, Tanger Outlet Centers continue to attract more than 185 million shoppers annually. The stock has a market capitalization of $2.43 billion, a PE ratio of 13.01 and a beta of 0.41. The stock has a 50-day moving average of $30.90 and a 200 day moving average of $33.38. (NYSE:SKT), maintained return on investment for the last twelve months at 8.40, higher than what Reuters data shows regarding industry's average. Following the completion of the sale, the vice president now owns 31,322 shares of the company's stock, valued at approximately $1,070,899.18.

Shares of Tanger Factory Outlet Centers Inc. Volume on the day was 1.88 million shares. The company reported EPS of $0.58, above the consensus estimate calling for EPS of $0.58 - a positive surprise of 0.00%. The firm had revenue of $121.37 million for the quarter, compared to the consensus estimate of $122.59 million.

12/18/2014 - Tanger Factory Outlet Centers, Inc. was downgraded to " by analysts at Stifel Nicolaus. During the same period in the prior year, the company posted $0.56 earnings per share. On average, equities research analysts predict that Tanger Factory Outlet Centers Inc. will post $1.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were issued a dividend of $0.3425 per share.

12/09/2014 - Tanger Factory Outlet Centers, Inc. had its " rating reiterated by analysts at JP Morgan. This represents a $1.37 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Wednesday, April 26th. Tanger Factory Outlet Centers's dividend payout ratio (DPR) is presently 44.98%.

COPYRIGHT VIOLATION NOTICE: "Pioneer Investment Management Inc".

A number of research firms recently weighed in on SKT. Evercore ISI upgraded Tanger Factory Outlet Centers from a "hold" rating to an "outperform" rating in a report on Friday, March 3rd. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Zacks Investment Research downgraded Tanger Factory Outlet Centers from a "hold" rating to a "sell" rating in a report on Wednesday. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Chad Perry sold 8,000 shares of Tanger Factory Outlet Centers stock in a transaction that occurred on Monday, May 8th. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The disclosure for this sale can be found here. Its outlet centers and other assets are held by, and all of its operations are conducted by, Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). Lowers Stake in Tanger Factory Outlet Centers Inc. Insiders sold a total of 78,984 shares of company stock valued at $2,444,138 in the last ninety days. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers.