Tanger Inc. $SKT Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in Tanger Inc. (NYSE:SKT) by 17.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,911 shares of the real estate investment trust’s stock after buying an additional 17,297 shares during the quarter. NewEdge Advisors LLC owned 0.10% of Tanger worth $4,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKT. Hsbc Holdings PLC lifted its position in shares of Tanger by 28.8% in the fourth quarter. Hsbc Holdings PLC now owns 268,603 shares of the real estate investment trust’s stock worth $8,987,000 after purchasing an additional 60,035 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Tanger by 25.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 783,777 shares of the real estate investment trust’s stock worth $26,155,000 after buying an additional 158,376 shares during the period. Lazard Asset Management LLC acquired a new position in Tanger in the 1st quarter valued at $1,459,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Tanger in the fourth quarter valued at approximately $834,000. Finally, Quantinno Capital Management LP grew its stake in Tanger by 347.5% during the first quarter. Quantinno Capital Management LP now owns 70,610 shares of the real estate investment trust’s stock worth $2,399,000 after buying an additional 54,831 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SKT shares. Citigroup raised their price objective on shares of Tanger from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday. Evercore set a $39.00 price objective on Tanger in a research note on Tuesday, July 7th. LADENBURG THALM/SH SH raised their price objective on shares of Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Scotiabank increased their price target on Tanger from $37.00 to $41.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Finally, Barclays lifted their target price on shares of Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.30.

Tanger Stock Performance

Shares of SKT opened at $38.49 on Thursday. Tanger Inc. has a 12-month low of $31.13 and a 12-month high of $42.53. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 2.65. The company has a market cap of $4.42 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The stock has a 50-day moving average price of $39.98 and a 200-day moving average price of $36.94.

Tanger (NYSE:SKT) last posted its quarterly earnings data 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 company had revenue of $156.39 million for the quarter, compared to analysts’ expectations of $142.58 million. Tanger had a net margin of 20.74% and a return on equity of 17.72%. Tanger’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior 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, equities analysts forecast that Tanger Inc. will post 2.48 earnings per share for the current fiscal year.

Tanger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.3125 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.25 annualized dividend and a yield of 3.2%. Tanger’s payout ratio is 113.64%.

About Tanger

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.