Tanger Inc. (NYSE:SKT) Receives Consensus Rating of “Hold” from Brokerages

Tanger Inc. (NYSE:SKT) has received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $37.2857.

A number of brokerages have recently weighed in on SKT. Evercore set a $37.00 price target on Tanger in a research report on Friday, May 1st. Bank of America reaffirmed a “neutral” rating and set a $39.00 price objective on shares of Tanger in a research note on Friday, March 6th. Compass Point lowered Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Thursday, February 26th. Barclays increased their price objective on Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a research note on Monday, April 20th.

Institutional Trading of Tanger

Large investors have recently made changes to their positions in the stock. SHP Wealth Management acquired a new stake in shares of Tanger during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Tanger by 127.3% during the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 531 shares during the last quarter. Fifth Third Bancorp boosted its stake in Tanger by 43.2% in the 1st quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 293 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Tanger in the 3rd quarter worth about $33,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Tanger in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Tanger Trading Down 0.1%

Shares of SKT stock opened at $35.23 on Monday. Tanger has a fifty-two week low of $28.69 and a fifty-two week high of $37.95. The stock has a market cap of $4.05 billion, a P/E ratio of 32.92, a P/E/G ratio of 1.67 and a beta of 1.14. The business has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $34.47. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.67.

Tanger (NYSE:SKT) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). Tanger had a net margin of 20.76% and a return on equity of 17.53%. The firm had revenue of $150.42 million during the quarter, compared to analysts’ expectations of $142.94 million. During the same quarter in the prior year, the business earned $0.53 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. On average, analysts forecast that Tanger will post 2.46 earnings per share for the current fiscal year.

Tanger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.3125 per share. The ex-dividend date of this dividend was Thursday, April 30th. This is an increase from Tanger’s previous quarterly dividend of $0.29. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.5%. Tanger’s dividend payout ratio is 116.82%.

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.