Tanger Factory Outlet Centers (NYSE:SKT) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05, Yahoo Finance reports. Tanger Factory Outlet Centers had a return on equity of 10.27% and a net margin of 13.80%. The business had revenue of $126.49 million for the quarter, compared to the consensus estimate of $122.67 million. Tanger Factory Outlet Centers updated its FY18 guidance to $2.43-2.49 EPS.
Tanger Factory Outlet Centers (NYSE:SKT) opened at $21.81 on Thursday. Tanger Factory Outlet Centers has a 1 year low of $21.14 and a 1 year high of $34.76. The stock has a market capitalization of $2,218.58, a price-to-earnings ratio of 31.16, a PEG ratio of 3.00 and a beta of 0.44. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.10 and a current ratio of 0.10.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.343 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is a boost from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.34. This represents a $1.37 annualized dividend and a dividend yield of 6.29%. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is 195.71%.
In other news, CMO Carrie A. Geldner sold 2,250 shares of Tanger Factory Outlet Centers stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $24.50, for a total transaction of $55,125.00. Following the transaction, the chief marketing officer now directly owns 51,261 shares in the company, valued at approximately $1,255,894.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.80% of the stock is currently owned by company insiders.
Tanger Factory Outlet Centers Company Profile
Tanger Factory Outlet Centers, Inc is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers.
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