Tanger Factory Outlet Centers(NYSE:SKT) Declares Dividend of $0.3250.

Tanger Factory Outlet Centers (NYSE:SKT) had declared a cash dividend of $0.3250 on Oct 6, 2016. The shares will quote ex-dividend on Oct 27, 2016 and the record date has been fixed for Oct 31, 2016. On Oct 6, 2016 share price, the yield comes out to be 3.5307%. The dividend payable date has been fixed on Nov 15, 2016.

In a different note, On Aug 26, 2016, UBS said it Maintains its rating on Tanger Factory Outlet Centers. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, Citigroup said it Maintains its rating on Tanger Factory Outlet Centers. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Neutral’ by the firm.

Tanger Factory Outlet Centers (SKT) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.32% at a volume of 8,16,181. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.18. The peak price level was also seen at $37.18 while the days lowest was $36.69. Finally the shares closed at $36.91. The 52-week high of the shares is $42.2 while the 52-week low is $29.455. According to the latest information available, the market cap of the company is $3,545 M.

Tanger Factory Outlet Centers(SKT) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $111.33M. Analysts had an estimated revenue of $107.82M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Carrie A Geldner (SVP, Chief Marketing Officer) sold 1,500 shares at $40.47 per share price.Also, On Aug 4, 2016, William G Benton (director) sold 1,500 shares at $40.58 per share price.On May 11, 2016, Chad Perry (EVP,General Counsel,Secretary) sold 1,000 shares at $36.53 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 24619 to 749074 square feet and are located at least ten miles from department stores and manufacturer-owned retail stores.

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