Tanger Factory Outlet Centers, Inc. Buyback
OLI recorded this information on 5/19/2017
Company:
Tanger Factory Outlet Centers, Inc.
Buyback:
SKT buyback
$Amount Authorized:
$125,000,000
Buyback Details:
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) ("Tanger" or the "Company") announced today the authorization of a $125 million share repurchase plan and the sale of Tanger's outlet center located in Westbrook, Connecticut.
Tanger Factory Outlet Centers is a self-administered and self-managed real estate investment trust. Co. is an owner and operator of outlet centers in the U.S. and Canada. Co. focuses on developing, acquiring, owning, operating and managing outlet shopping centers. Co.'s consolidated portfolio consists of several outlet centers and contained various stores representing various store brands. Co. also has partial ownership interests in several unconsolidated outlet centers, including its outlet centers in Canada. Co.'s outlet centers and other assets are held by, and all of Co.'s operations are conducted by, its subsidiary, Tanger Properties Limited Partnership, and its subsidiaries.
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Avg. Broker Rec.
  
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Hold (2.25 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SKT Stock Forecast Based on Zacks ABR data; powered by Xignite |
