Large Outflow of Money Witnessed in Tanger Factory Outlet Centers

Tanger Factory Outlet Centers (NYSE:SKT) surged 0.08% during the last session. The last traded price was up 0.03 points at $37.62. The data for the fund flow suggests that the net intraday money flow was $(-5.35) million. The fund value in upticks was recorded to be $0.63 million and in downticks, it was found to be $5.99 million. The up/down ratio for the day was measured to be 0.11. For the week, the shares have seen a percentage change of 1.21%.A block trade of $(-5.46) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $5.46 million. The block tradeoff had the up/down ratio of 0.

Shares of Tanger Factory Outlet Centers Inc. rose by 1.05% in the last five trading days and 9.63% for the last 4 weeks. Tanger Factory Outlet Centers Inc. is up 5.44% in the last 3-month period. Year-to-Date the stock performance stands at 16.94%.

Currently the company Insiders own 2.1% of Tanger Factory Outlet Centers shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.42% . Institutional Investors own 91.43% of Tanger Factory Outlet Centers shares. During last six month period, the net percent change held by insiders has seen a change of -11.06%. . On the companys insider trading activities, The officer (EVP,General Counsel,Secretary), of Tanger Factory Outlet Centers Inc, Perry Chad had unloaded 1,000 shares at $36.53 per share in a transaction on May 10, 2016. The total value of transaction was $36,530. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Tanger Factory Outlet Centers (NYSE:SKT) witnessed a decline in the market cap on Friday as its shares dropped 0.08% or 0.03 points. After the session commenced at $37.42, the stock reached the higher end at $37.65 while it hit a low of $37.27. With the volume soaring to 724,128 shares, the last trade was called at $37.56. The company has a 52-week high of $37.65. The company has a market cap of $3,611 million and there are 96,127,107 shares in outstanding. The 52-week low of the share price is $29.455.

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The Company has interests in nine outlet centers totaling approximately 2.6 million square feet, including four outlet centers in Canada. The outlet centers and other assets are held by, and all of the Companys operations are conducted by, Tanger Properties Limited Partnership and subsidiaries. The Company owns the units of partnership interest issued by the Operating Partnership, through its two wholly owned subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner. Tanger LP Trust holds a limited partnership interest. Its outlet centers range in size from 24,619 to 749,074 square feet and are located at least ten miles from department stores and manufacturer-owned retail stores.

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