3 Ex-Dividend Stocks With Buy Ratings

NEW YORK ( TheStreet) -- These stocks go ex-dividend Thursday, meaning an investor must purchase the shares Wednesday to qualify for the next dividend payment: Tanger Factory Outlet Centers ( SKT), Unum ( UNM) and Mesabi Trust ( MSB).

These three stocks received buy ratings from TheStreet Ratings.

Tanger Factory Outlet Center

Tanger is an outlet shopping real estate investment trust.

Hilliard Lyons analysts lowered their rating of Tanger on Dec. 20 to neutral from long-term buy based on stock price appreciation.

"We believe outlet centers will be the main area of retail development over the next few years," Hilliard Lyons analysts wrote. "Given a pullback in stock price and no change in fundamentals, we would look to raise our rating on the shares."

Tanger shares have slipped less than 0.5% year to date. The stock rose about 14.5% in 2011.

Forward Annual Dividend Yield: 2.8%

Rated "B (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin decreased from a year ago.

In the third quarter, stockholders' net worth increased 4.07% from the previous year.

The Street Ratings' price target on Tanger is $33.43. Shares closed Tuesday at $29.20.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Unum

Unum provides disability insurance. The company is scheduled to report fourth-quarter earnings on Feb. 6. Analysts, on average, expect earnings of 75 cents a share on $2.59 billion in revenue, according to Thomson Reuters.

Morgan Stanley analysts noted in a Jan. 20 report they are anticipating a write-down in Unum's long-term care area "reflecting deteriorating claim rates, rising persistency and pressure from lower interest rates."

Forward Annual Dividend Yield: 1.8%

Rated "B (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin decreased from the prior year.

In the third quarter, stockholders' net worth increased 6% from the previous year.

TheStreet Ratings' price target is $26.26. Shares closed Tuesday at $23.32.


Mesabi Trust

Mesabi Trust is an owner of mining rights.

Mesabi declared a fourth-quarter dividend of 76 cents a share, payable on Feb. 20. Davenport & Co. analysts said they expected a dividend of 93 cents.

"Despite the shortfall, there is no reason to change our distribution and EPS estimates of $2.82/sh for FY'13," the analysts wrote in a Jan. 17 report.

Forward Annual Dividend Yield: 9%

Rated "B- (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin was about the same as it was a year ago.

Mesabi has average liquidity. Its Quick Ratio is 1.28, which shows that it can technically meet its short-term cash needs.

In the third quarter, stockholders' net worth increased 11.14% from the prior year.

TheStreet Ratings' price target is $39.85. Shares closed Tuesday at $34.19.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Stocks

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

WATCH: 4 Experts Lay Out How Wealthy Investors Should Play Today's Risky Market

WATCH: 4 Experts Lay Out How Wealthy Investors Should Play Today's Risky Market

These 5 Autonomous Driving Stocks Are Flashing Buy Signals

These 5 Autonomous Driving Stocks Are Flashing Buy Signals

Stocks Waver Amid Progress on U.S.-China Trade; Dow Slips

Stocks Waver Amid Progress on U.S.-China Trade; Dow Slips

Stacey Cunningham: From Intern to Head of the New York Stock Exchange

Stacey Cunningham: From Intern to Head of the New York Stock Exchange