Md Sass Investors Services Boosted Gaming & Leisure Pptys (GLPI) Position By $346,980; Tanger Factory Outlet Centers (SKT) Shorts Increased By 11.37%

July 17, 2017 - By Richard Conner

Tanger Factory Outlet Centers (NYSE:SKT) had an increase of 11.37% in short interest. SKT’s SI was 12.23 million shares in July as released by FINRA. Its up 11.37% from 10.98 million shares previously. With 1.92 million avg volume, 6 days are for Tanger Factory Outlet Centers (NYSE:SKT)’s short sellers to cover SKT’s short positions. The SI to Tanger Factory Outlet Centers’s float is 13.3%. About 1.48 million shares traded. Tanger Factory Outlet Centers Inc. (NYSE:SKT) has declined 24.30% since July 17, 2016 and is downtrending. It has underperformed by 41.00% the S&P500.

Md Sass Investors Services Inc increased Gaming & Leisure Pptys Inc (GLPI) stake by 0.45% reported in 2016Q4 SEC filing. Md Sass Investors Services Inc acquired 11,566 shares as Gaming & Leisure Pptys Inc (GLPI)’s stock rose 13.43%. The Md Sass Investors Services Inc holds 2.56M shares with $78.50 million value, up from 2.55M last quarter. Gaming & Leisure Pptys Inc now has $7.72 billion valuation. The stock rose 0.18% or $0.06 reaching $37.13 per share. About 366,221 shares traded. Gaming and Leisure Properties Inc (NASDAQ:GLPI) has risen 10.92% since July 17, 2016 and is uptrending. It has underperformed by 5.78% the S&P500.

Among 8 analysts covering Tanger Factory Outlet Centers (NYSE:SKT), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Tanger Factory Outlet Centers had 24 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, August 26 the stock rating was upgraded by Zacks to “Hold”. Hilliard Lyons upgraded the shares of SKT in report on Tuesday, August 25 to “Neutral” rating. The stock has “Buy” rating by Jefferies on Wednesday, January 4. As per Friday, June 23, the company rating was downgraded by Bank of America. The stock of Tanger Factory Outlet Centers Inc. (NYSE:SKT) has “Neutral” rating given on Wednesday, October 26 by Goldman Sachs. The rating was maintained by UBS with “Neutral” on Friday, August 26. The firm has “Hold” rating given on Friday, June 16 by Jefferies. On Wednesday, July 6 the stock rating was downgraded by Hilliard Lyons to “Neutral”. The rating was downgraded by Citigroup to “Neutral” on Monday, April 4. The firm has “Hold” rating given on Thursday, August 6 by Zacks.

Investors sentiment increased to 1.21 in Q4 2016. Its up 0.12, from 1.09 in 2016Q3. It is positive, as 20 investors sold Tanger Factory Outlet Centers Inc. shares while 89 reduced holdings. 31 funds opened positions while 101 raised stakes. 86.86 million shares or 0.72% less from 87.49 million shares in 2016Q3 were reported. M&R Capital Mgmt has 0.02% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Massachusetts Fincl Services Ma reported 2.85 million shares. Manning Napier Advsr Limited Liability has 0.03% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 125,410 shares. Weaver C Barksdale & Associates owns 0% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 77 shares. Smith Salley &, a North Carolina-based fund reported 63,847 shares. Princeton Alpha Mngmt Lp has 10,465 shares for 0.08% of their portfolio. Denali Advisors Limited Liability Company holds 0.03% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 4,300 shares. Motco invested 0.04% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Thrivent For Lutherans accumulated 52,892 shares. Morgan Stanley holds 4.88 million shares. Illinois-based Northern Tru Corp has invested 0.01% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Ngam Advsr L P stated it has 0.04% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT). State Board Of Administration Of Florida Retirement Sys holds 172,417 shares. Prudential Plc owns 6,600 shares for 0% of their portfolio. Aperio Gru Llc has 0% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 13,753 shares.

Since February 21, 2017, it had 0 buys, and 8 selling transactions for $2.55 million activity. GELDNER CARRIE A also sold $67,504 worth of Tanger Factory Outlet Centers Inc. (NYSE:SKT) shares. 15,645 shares valued at $533,956 were sold by McDonough Thomas E. on Tuesday, February 28. The insider SCHUMAN ALLAN L sold 32,930 shares worth $939,032. 8,000 shares valued at $220,597 were sold by Perry Chad on Monday, May 8. Williams James Floyd had sold 3,000 shares worth $103,818 on Monday, February 27. SUMMERELL VIRGINIA R also sold $239,316 worth of Tanger Factory Outlet Centers Inc. (NYSE:SKT) on Tuesday, February 21.

Tanger Factory Outlet Centers, Inc. is an owner and operator of outlet centers in the United States and Canada. The company has market cap of $2.61 billion. The Firm is a fully-integrated, self-administered and self-managed real estate investment trust , which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. It has a 13.66 P/E ratio. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands.

Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.12, from 1.11 in 2016Q3. It increased, as 36 investors sold GLPI shares while 78 reduced holdings. 43 funds opened positions while 97 raised stakes. 181.76 million shares or 1.04% less from 183.68 million shares in 2016Q3 were reported. Css Il has 0.01% invested in Gaming and Leisure Properties Inc (NASDAQ:GLPI) for 6,700 shares. Stoneridge Ptnrs Ltd invested in 51,281 shares. The Switzerland-based Credit Suisse Ag has invested 0.01% in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Asset Mgmt holds 36,521 shares. Natixis Asset reported 4,070 shares. Envestnet Asset Mngmt Incorporated has invested 0.01% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Nj State Employees Deferred Compensation Plan reported 38,250 shares stake. Invesco, Georgia-based fund reported 103,412 shares. Spot Trading Ltd Liability Company holds 0% or 5,618 shares. Swiss Commercial Bank accumulated 320,399 shares. Frontier Investment Mngmt owns 0.75% invested in Gaming and Leisure Properties Inc (NASDAQ:GLPI) for 258,053 shares. Moreover, Archford Cap Strategies Limited Liability Corporation has 0.01% invested in Gaming and Leisure Properties Inc (NASDAQ:GLPI) for 968 shares. Texas-based Bbt Management Limited Co has invested 2.69% in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment holds 238,800 shares. Retirement Planning owns 7,593 shares.

Among 8 analysts covering Gaming and Leisure Properties (NASDAQ:GLPI), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Gaming and Leisure Properties had 13 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, December 7 by Deutsche Bank. The company was initiated on Friday, April 8 by SunTrust. The stock has “Buy” rating by Zacks on Tuesday, August 4. The stock has “Neutral” rating by Buckingham Research on Tuesday, November 22. The rating was downgraded by Morgan Stanley on Tuesday, December 13 to “Equal-Weight”. The stock of Gaming and Leisure Properties Inc (NASDAQ:GLPI) has “Overweight” rating given on Wednesday, September 7 by Morgan Stanley. On Friday, April 1 the stock rating was reinitiated by Morgan Stanley with “Equal-Weight”. The rating was initiated by UBS with “Neutral” on Monday, September 26. The firm earned “Mkt Outperform” rating on Tuesday, December 15 by JMP Securities. The firm earned “Buy” rating on Friday, June 2 by Ladenburg.

Since February 27, 2017, it had 1 buy, and 1 sale for $6.63 million activity. $364,400 worth of stock was bought by SCHWARTZ BARRY F on Friday, June 16. On Monday, February 27 Snyder Steven T. sold $7.00 million worth of Gaming and Leisure Properties Inc (NASDAQ:GLPI) or 217,839 shares.

Md Sass Investors Services Inc decreased Hd Supply Hldgs Inc (NASDAQ:HDS) stake by 312,400 shares to 1.25 million valued at $53.02M in 2016Q4. It also reduced Dish Network Corp (NASDAQ:DISH) stake by 121,400 shares and now owns 961,455 shares. Berry Plastics Group Inc (NYSE:BERY) was reduced too.

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