1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its holdings in shares of Tanger Inc. (NYSE:SKT – Free Report) by 46.
1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,060 shares of the real estate investment trust’s stock after acquiring an additional 205,159 shares during the quarter. JPMorgan Chase & Co.
owned about 0.59% of Tanger worth $22,187,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also recently added to or reduced their stakes in SKT.
Mutual of America Capital Management LLC lifted its stake in shares of Tanger by 1.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 16,767 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 319 shares in the last quarter.
Maryland State Retirement & Pension System raised its stake in shares of Tanger by 0.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 37,277 shares of the real estate investment trust’s stock valued at $1,272,000 after purchasing an additional 349 shares during the period.
DAVENPORT & Co LLC lifted its position in shares of Tanger by 1.4% during the fourth quarter. DAVENPORT & Co LLC now owns 31,462 shares of the real estate investment trust’s stock worth $1,074,000 after purchasing an additional 425 shares in the last quarter.
GAMMA Investing LLC boosted its stake in shares of Tanger by 24.9% in the fourth quarter. GAMMA Investing LLC now owns 2,578 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 514 shares during the period.
Finally, Exchange Traded Concepts LLC grew its holdings in Tanger by 12.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,131 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 583 shares in the last quarter.
85.23% of the stock is owned by hedge funds and other institutional investors. Insider Buying and SellingIn related news, COO Gallardo Leslie Swanson sold 12,500 shares of the stock in a transaction that occurred on Tuesday, March 11th.
The stock was sold at an average price of $32.38, for a total value of $404,750.00.
Following the completion of the transaction, the chief operating officer now directly owns 113,158 shares of the company’s stock, valued at $3,664,056.04. This represents a 9.
95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.
80% of the company’s stock. Wall Street Analysts Forecast GrowthSKT has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on Tanger in a research note on Tuesday, January 28th.
They set a “market perform” rating and a $36.00 target price for the company. The Goldman Sachs Group raised Tanger from a “neutral” rating to a “buy” rating and upped their target price for the company from $39.
00 to $40.00 in a research report on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Tanger in a research report on Tuesday, December 17th.
They set a “hold” rating and a $37.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.63.
Check Out Our Latest Analysis on TangerTanger Stock PerformanceShares of SKT opened at $32.24 on Thursday. The stock has a market capitalization of $3.
65 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.97 and a beta of 1.
49. The business’s fifty day moving average price is $33.43 and its 200 day moving average price is $34.
03. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.
44 and a quick ratio of 0.13. Tanger Inc.
has a 12-month low of $25.94 and a 12-month high of $37.57.
Tanger (NYSE:SKT – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
52 by $0.02. Tanger had a net margin of 18.
65% and a return on equity of 16.16%. The business had revenue of $132.
17 million during the quarter, compared to the consensus estimate of $129.10 million. Equities research analysts forecast that Tanger Inc.
will post 2.24 EPS for the current year. Tanger Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, February 14th.
Stockholders of record on Friday, January 31st were given a dividend of $0.275 per share. The ex-dividend date was Friday, January 31st.
This represents a $1.10 annualized dividend and a dividend yield of 3.41%.
Tanger’s dividend payout ratio is currently 126.44%. Tanger Profile (Free Report)Tanger Inc (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries.
Tanger’s portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.Featured StoriesFive stocks we like better than TangerGrowth Stocks: What They Are, What They Are NotQuantum Computing: The $6.
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