Universal Beteiligungs und Servicegesellschaft mbH Has $920,000 Stock Position in Tanger Inc. $SKT

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Tanger Inc. (NYSE:SKT) by 14.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,100 shares of the real estate investment trust’s stock after acquiring an additional 3,862 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Tanger were worth $920,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SKT. Atlantic Union Bankshares Corp acquired a new position in shares of Tanger during the 2nd quarter worth approximately $47,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Tanger by 3,451.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,456 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,415 shares during the last quarter. Quarry LP grew its stake in shares of Tanger by 2,296.1% in the first quarter. Quarry LP now owns 3,043 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 2,916 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Tanger by 8,500.0% during the second quarter. Farther Finance Advisors LLC now owns 4,300 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 4,250 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in Tanger during the second quarter worth $166,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tanger

In other news, EVP Gallardo Leslie Swanson sold 17,500 shares of Tanger stock in a transaction on Friday, September 5th. The stock was sold at an average price of $34.74, for a total transaction of $607,950.00. Following the completion of the sale, the executive vice president owned 92,665 shares of the company’s stock, valued at approximately $3,219,182.10. This trade represents a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SKT shares. Evercore ISI lifted their price objective on shares of Tanger from $35.00 to $36.00 and gave the company an “in-line” rating in a research report on Friday, October 17th. Citigroup reiterated a “neutral” rating and set a $35.00 price target (down previously from $38.00) on shares of Tanger in a report on Wednesday, November 19th. LADENBURG THALM/SH SH raised Tanger to a “strong-buy” rating in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a research report on Wednesday, October 8th. Finally, Barclays lifted their target price on Tanger from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.13.

Tanger Stock Up 0.2%

Tanger stock opened at $33.64 on Thursday. The company’s 50-day moving average price is $33.27 and its two-hundred day moving average price is $32.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.31. The stock has a market cap of $3.87 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.13 and a beta of 1.37. Tanger Inc. has a twelve month low of $28.69 and a twelve month high of $37.57.

Tanger (NYSE:SKT) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $145.21 million for the quarter, compared to the consensus estimate of $139.30 million. Tanger had a return on equity of 15.45% and a net margin of 18.22%.The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Tanger has set its FY 2025 guidance at 2.280-2.320 EPS. As a group, analysts expect that Tanger Inc. will post 2.24 EPS for the current year.

Tanger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $0.2925 per share. The ex-dividend date was Friday, October 31st. This represents a $1.17 annualized dividend and a yield of 3.5%. Tanger’s dividend payout ratio (DPR) is presently 124.47%.

Tanger Profile

Tanger Inc (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger’s portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.