Tanger Factory Outlet Centers Increases Quarterly Dividend $SKT

• Tanger Factory (NYSE:SKT) declares $0.355/share quarterly dividend, 1.4% increase from prior dividend of $0.35.
• Forward yield 6.39%
• Payable May 15; for shareholders of record April 30; ex-div April 29.

Notable Analyst Upgrades and Downgrades for Week of November 6, 2017

Upgrades:

CIBC upgraded shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) from a neutral rating to a sector outperform rating in a research note issued to investors on Wednesday. Other analysts have also issued research reports about the company. Desjardins upgraded Canadian National Railway from a hold rating to a buy rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Canadian National Railway from a hold rating to a buy rating and set a $93.00 target price on the stock in a report on Tuesday, July 11th. Cowen and Company reiterated a buy rating and set a $83.00 target price on shares of Canadian National Railway in a report on Sunday, September 24th. Stifel Nicolaus reiterated a hold rating and set a $89.00 target price on shares of Canadian National Railway in a report on Friday, October 6th. Read more …

General Mills, Inc. (NYSE:GIS) was upgraded by analysts at Societe Generale from a “sell” rating to a “hold” rating in a report released on Wednesday. A number of other equities analysts also recently weighed in on GIS. Royal Bank Of Canada set a $62.00 price target on shares of General Mills and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies set a $56.00 price target on shares of General Mills and gave the company a “sell” rating in a report on Monday, August 7th. Read more …

Rio Tinto PLC (NYSE:RIO) was upgraded by investment analysts at Societe Generale from a “hold” rating to a “buy” rating in a report issued on Wednesday. Other research analysts have also issued research reports about the company. BidaskClub lowered Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Clarkson Capital reaffirmed a “buy” rating on shares of Rio Tinto PLC in a report on Wednesday, August 2nd. ValuEngine downgraded Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC set a $52.00 target price on Rio Tinto PLC and gave the stock a “buy” rating in a research report on Friday, August 18th. Read more …

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) was upgraded by equities researchers at Bank of America Corporation from an “underperform” rating to a “neutral” rating in a research report issued on Thursday. Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research note on Saturday, July 15th. BidaskClub raised shares of Tanger Factory Outlet Centers from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and set a $26.00 target price on shares of Tanger Factory Outlet Centers in a research note on Thursday, September 21st. KeyCorp reissued a “hold” rating on shares of Tanger Factory Outlet Centers in a research note on Friday, August 25th. Read more …

TELUS Co. (TSE:T) (NYSE:TU) was upgraded by investment analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The brokerage currently has a C$51.00 price objective on the stock, up from their previous price objective of C$47.00. Royal Bank Of Canada’s price objective would suggest a potential upside of 4.85% from the stock’s current price. A number of other equities research analysts have also issued reports on T. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$50.00 to C$54.00 in a report on Wednesday, October 25th. TD Securities raised their price target on shares of TELUS from C$48.00 to C$49.00 and gave the stock a “hold” rating in a report on Monday, August 14th. Read more …

Downgrades:

QUALCOMM Incorporated (NASDAQ:QCOM) was downgraded by Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, The Fly reports. Several other research analysts have also commented on QCOM. BMO Capital Markets restated a “market perform” rating and set a $54.00 price target on shares of QUALCOMM in a research note on Monday, July 10th. Cowen and Company restated an “outperform” rating on shares of QUALCOMM in a research note on Monday, July 10th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of QUALCOMM in a research note on Thursday, July 13th. Read more ...

Statoil ASA (NYSE:STO) was downgraded by research analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. A number of other research analysts also recently weighed in on STO. Scotiabank restated a “hold” rating and issued a $17.00 price target on shares of Statoil ASA in a research note on Thursday, July 13th. BidaskClub upgraded Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research downgraded Statoil ASA from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC downgraded Statoil ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 21st. Finally, Piper Jaffray Companies set a $16.00 price target on Statoil ASA and gave the company a “hold” rating in a research note on Friday, August 25th. Read more …

Exxon Mobil Corporation (NYSE:XOM) was downgraded by equities research analysts at HSBC Holdings plc from a “hold” rating to a “reduce” rating in a research report issued to clients and investors on Tuesday. They presently have a $77.00 target price on the oil and gas company’s stock, down from their prior target price of $83.60. HSBC Holdings plc’s price target would suggest a potential downside of 7.84% from the stock’s current price. A number of other research firms have also commented on XOM. Cowen and Company reissued a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, September 19th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Vetr downgraded shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a research note on Thursday, September 28th. Read more …

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Analysis Collection

Bridge The Valuation Gap With These REIT Bargains

The “valuation gap” is the difference between a seller’s asking price and the market value of a company.

In REIT terms, investors are continuing to seek out high-quality real estate as evidenced by the valuations of many dividend stalwarts such as Tanger Factory Outlets (SKT), Simon Property Group (SPG), and Kimco Realty (KIM).

In my monthly newsletter (being published November 1st) and within my Intelligent REIT Lab, there are many HOLDs and BUYs, but just a handful of STRONG BUYs.

Not all REITs are the same, and we are now witnessing a number of sectors being beaten down by macro-economic forces. As a result, these under-performing sectors have seen share prices decreasing, further widening the gap between lower REIT market values and higher net asset values.

This “valuation gap” has prompted speculation among investors over the prospect for increased REIT mergers or buyouts by big private equity players. As you know, from time to time, I will point to REIT M&A when I see cheap REITs, but I always caution investors not to confuse real catalysts with fantasy football.

Read more …