MSH Capital Advisors LLC Invests $564,000 in Tanger Inc. $SKT

MSH Capital Advisors LLC bought a new position in shares of Tanger Inc. (NYSE:SKT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,300 shares of the real estate investment trust’s stock, valued at approximately $564,000.

Several other institutional investors have also bought and sold shares of SKT. SHP Wealth Management acquired a new position in Tanger during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Tanger by 127.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 531 shares in the last quarter. Fifth Third Bancorp boosted its stake 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 purchasing an additional 293 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Tanger in the 3rd quarter worth about $33,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Tanger during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Tanger Stock Performance

Shares of NYSE:SKT opened at $38.54 on Thursday. Tanger Inc. has a twelve month low of $31.13 and a twelve month high of $42.53. The firm has a market cap of $4.43 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.12 and a current ratio of 2.12. The business has a fifty day moving average of $40.03 and a 200-day moving average of $37.15.

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

Tanger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, July 31st. Tanger’s dividend payout ratio is presently 113.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SKT. UBS Group set a $41.00 price target on shares of Tanger in a report on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a research note on Friday, July 17th. LADENBURG THALM/SH SH raised their price objective on shares of Tanger from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Bank of America reiterated an “underperform” rating and issued a $38.00 target price on shares of Tanger in a research note on Tuesday, June 16th. Finally, Scotiabank boosted their target price on Tanger from $37.00 to $41.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.40.

Tanger 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.