Tanger (NYSE:SKT) Updates FY 2026 Earnings Guidance

Tanger (NYSE:SKT) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 2.420-2.500 for the period, compared to the consensus earnings per share estimate of 2.460. The company issued revenue guidance of -.

Tanger Stock Down 2.1%

Tanger stock traded down $0.77 during midday trading on Friday, reaching $36.31. The company’s stock had a trading volume of 1,347,649 shares, compared to its average volume of 957,954. Tanger has a fifty-two week low of $28.69 and a fifty-two week high of $37.95. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.17. The company has a market cap of $4.16 billion, a P/E ratio of 36.31, a P/E/G ratio of 1.76 and a beta of 1.20. The business has a 50-day simple moving average of $35.83 and a 200-day simple moving average of $34.25.

Tanger (NYSE:SKT) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $150.42 million for the quarter, compared to analyst estimates of $142.94 million. Tanger had a return on equity of 16.43% and a net margin of 19.70%.The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. On average, research analysts expect that Tanger will post 2.46 earnings per share for the current fiscal year.

Tanger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be given a $0.3125 dividend. This is a boost from Tanger’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, April 30th. This represents a $1.25 annualized dividend and a yield of 3.4%. Tanger’s payout ratio is presently 125.00%.

Analyst Ratings Changes

A number of brokerages have weighed in on SKT. Bank of America reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of Tanger in a report on Friday, March 6th. Compass Point lowered Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Thursday, February 26th. Evercore set a $37.00 price objective on Tanger in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a report on Monday, April 20th. Finally, Scotiabank boosted their price target on Tanger from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $36.86.

Hedge Funds Weigh In On Tanger

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Tanger by 127.3% during the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 531 shares during the last quarter. Advisory Services Network LLC acquired a new position in Tanger in the third quarter worth approximately $33,000. Garton & Associates Financial Advisors LLC acquired a new position in Tanger in the fourth quarter worth approximately $41,000. Quarry LP acquired a new position in Tanger in the third quarter worth approximately $49,000. Finally, Johnson Financial Group Inc. acquired a new position in Tanger in the third quarter worth approximately $77,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Tanger Company Profile

Tanger Factory Outlet Centers, Inc (NYSE: SKT) is a real estate investment trust specializing in the ownership, development and management of outlet shopping centers. The company’s portfolio comprises more than 40 outlet properties anchored by leading fashion and lifestyle brands. Tanger’s centers are designed to offer off-price retail experiences in open-air, community-oriented settings, providing value-focused shoppers with access to premium brands at reduced prices.

Founded in 1981 by Stanley K.