Pensionfund Dsm Netherlands Lowers stake in Tanger Factory Outlet Centers (SKT)

Tanger Factory Outlet Centers (SKT) : Pensionfund Dsm Netherlands reduced its stake in Tanger Factory Outlet Centers by 15.24% during the most recent quarter end. The investment management company now holds a total of 89,000 shares of Tanger Factory Outlet Centers which is valued at $3.2 Million after selling 16,000 shares in Tanger Factory Outlet Centers according to a report filed by the company on Apr 4, 2016 with the SEC.Tanger Factory Outlet Centers makes up approximately 0.44% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Tanger Factory Outlet Centers reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.57. The company had revenue of $112.80 million for the quarter, compared to analysts expectations of $112.65 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Tanger Factory Outlet Centers. Tanger Factory Outlet Centers was Downgraded by Citigroup to ” Neutral” on Apr 4, 2016. Tanger Factory Outlet Centers was Upgraded by Citigroup to ” Buy” on Feb 16, 2016. Tanger Factory Outlet Centers was Upgraded by Hilliard Lyons to ” Buy” on Feb 11, 2016.

Tanger Factory Outlet Centers closed down -0.08 points or -0.22% at $36.12 with 7,14,808 shares getting traded on Monday. Post opening the session at $36.27, the shares hit an intraday low of $36.115 and an intraday high of $36.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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