Tanger Inc. (SKT) – What Are Investment Firms Thinking About This Stock?

Tanger Inc. (NYSE:SKT) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.17.

Several research analysts recently issued reports on the stock. Barclays cut their target price on shares of Tanger from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, September 28th. The Goldman Sachs Group set a $40.00 price target on Tanger in a research report on Wednesday, October 7th. JPMorgan Chase & Co. downgraded Tanger from an “overweight” rating to a “neutral” rating and set a $39.00 target price for the company. in a research report on Thursday, September 24th. Weiss Ratings restated a “buy (b)” rating on shares of Tanger in a research report on Thursday. Finally, Evercore set a $39.00 target price on Tanger in a research note on Tuesday, July 7th.

Institutional Investors Weigh In On Tanger

A number of hedge funds and other institutional investors have recently modified their holdings of SKT. Fifth Third Bancorp increased its position in shares of Tanger by 43.2% in the 1st quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 293 shares during the period. Choreo LLC lifted its position in Tanger by 3.9% during the second quarter. Choreo LLC now owns 8,129 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 308 shares during the period. IFM Investors Pty Ltd lifted its position in Tanger by 2.4% during the first quarter. IFM Investors Pty Ltd now owns 18,452 shares of the real estate investment trust’s stock valued at $627,000 after purchasing an additional 435 shares during the period. Assetmark Inc. lifted its position in Tanger by 32.1% during the first quarter. Assetmark Inc. now owns 2,028 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 493 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Tanger by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 34,547 shares of the real estate investment trust’s stock valued at $1,174,000 after purchasing an additional 530 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Tanger Price Performance

NYSE:SKT opened at $34.94 on Thursday. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 1.74 and a beta of 1.12. Tanger has a 52-week low of $31.13 and a 52-week high of $42.53. The stock has a fifty day moving average of $36.44 and a 200 day moving average of $37.53. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.12 and a current ratio of 2.12.

Tanger (NYSE:SKT) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The business 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 firm’s revenue was up 11.2% on a year-over-year basis. During the same period 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. On average, research analysts expect that Tanger will post 2.50 EPS for the current fiscal year.

Tanger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.25 annualized dividend and a dividend yield of 3.6%. Tanger’s dividend payout ratio (DPR) is 113.64%.

About Tanger

Tanger Inc (NYSE:SKT) is a real estate investment trust that owns, operates and develops open-air shopping centers, primarily outlet centers, in the United States and Canada. Its properties provide retail space for a broad range of brand-name and designer retailers, including apparel, footwear, accessories, home goods and specialty products.

The company generates revenue primarily by leasing retail space to tenants and providing related property-management services. Tanger’s shopping centers are generally located near major highways, tourist destinations and metropolitan areas, where they serve both local shoppers and visiting consumers.

Founded by Stanley Tanger, the company opened its first outlet center in Burlington, North Carolina, in 1981.