Tanger Factory Outlet Centers Inc (SKT): Thomas E. Mcdonough , EVP, Chief Operating Officer of Tanger Factory Outlet Centers Inc sold 11,546 shares on Apr 1, 2016. The Insider selling transaction was disclosed on Apr 5, 2016 to the Securities and Exchange Commission. The shares were sold at $36.14 per share for a total value of $417,272.44.
Company has been under the radar of several Street Analysts.Tanger Factory Outlet Centers is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 4, 2016.Tanger Factory Outlet Centers is Upgraded by Citigroup to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 16, 2016.Tanger Factory Outlet Centers is Upgraded by Hilliard Lyons to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 11, 2016.
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 -9.52%.Institutional Investors own 90.26% of Tanger Factory Outlet Centers shares.During last six month period, the net percent change held by insiders has seen a change of -2.82%.
Shares of Tanger Factory Outlet Centers (SKT) ended Monday, Apr 4, 2016 session in red amid volatile trading. The shares closed down -0.32 points or -0.87% at $36.39 with 5,17,827 shares getting traded. Post opening the session at $36.41, the shares hit an intraday low of $36.325 and an intraday high of $37.01 and the price vacillated in this range throughout the day. The company has a market cap of $3,489 M and the number of outstanding shares has been calculated to be 9,58,80,825 shares. The 52-week high of Tanger Factory Outlet Centers is $37.01 and the 52-week low 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 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.