Hsbc Holdings PLC Buys 26,155 Shares of Tanger Inc. $SKT

Hsbc Holdings PLC boosted its stake in Tanger Inc. (NYSE:SKT) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,024 shares of the real estate investment trust’s stock after buying an additional 26,155 shares during the period. Hsbc Holdings PLC’s holdings in Tanger were worth $9,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Tanger by 7.7% in the 2nd quarter. BlackRock Inc. now owns 22,211,493 shares of the real estate investment trust’s stock worth $876,688,000 after acquiring an additional 1,582,006 shares in the last quarter. Freestone Grove Partners LP boosted its holdings in shares of Tanger by 6,634.5% during the 4th quarter. Freestone Grove Partners LP now owns 1,184,674 shares of the real estate investment trust’s stock valued at $39,533,000 after buying an additional 1,167,083 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of Tanger during the 2nd quarter valued at $33,960,000. Legal & General Group Plc purchased a new stake in shares of Tanger in the 2nd quarter worth about $31,684,000. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Tanger by 2,190.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 832,777 shares of the real estate investment trust’s stock worth $28,181,000 after acquiring an additional 796,411 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Tanger Stock Performance

SKT stock opened at $36.74 on Thursday. The stock’s 50 day simple moving average is $39.40 and its 200 day simple moving average is $37.59. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 2.65. Tanger Inc. has a 12-month low of $31.13 and a 12-month high of $42.53. The stock has a market capitalization of $4.22 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10.

Tanger (NYSE:SKT) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $142.58 million. Tanger had a return on equity of 17.72% and a net margin of 20.74%.The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. As a group, research analysts forecast that Tanger Inc. will post 2.48 earnings per share for the current fiscal year.

Tanger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.3125 per share. The ex-dividend date was Friday, July 31st. This represents a $1.25 annualized dividend and a yield of 3.4%. Tanger’s dividend payout ratio is currently 113.64%.

Wall Street Analyst Weigh In

Several research firms recently commented on SKT. UBS Group set a $41.00 price objective on shares of Tanger in a research note on Thursday, June 18th. Barclays boosted their price target on Tanger from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft raised their price objective on Tanger from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Evercore set a $39.00 target price on Tanger in a report on Tuesday, July 7th. Finally, LADENBURG THALM/SH SH raised their price target on Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.40.

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.