Tanger Inc. (NYSE:SKT) Given Average Rating of “Hold” by Analysts

Shares of Tanger Inc. (NYSE:SKT) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $38.4286.

SKT has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Compass Point downgraded shares of Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Thursday, February 26th. Bank of America reissued a “neutral” rating and set a $39.00 target price on shares of Tanger in a research report on Friday, March 6th. Weiss Ratings restated a “buy (b)” rating on shares of Tanger in a research note on Monday, April 20th. Finally, LADENBURG THALM/SH SH upped their price objective on shares of Tanger from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday.

Tanger Stock Performance

Shares of Tanger stock opened at $39.90 on Friday. Tanger has a fifty-two week low of $29.24 and a fifty-two week high of $40.47. The company has a debt-to-equity ratio of 2.67, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market capitalization of $4.58 billion, a P/E ratio of 37.29, a P/E/G ratio of 1.88 and a beta of 1.11. The company’s 50 day moving average price is $36.29 and its two-hundred day moving average price is $34.88.

Tanger (NYSE:SKT) last issued its 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). The company had revenue of $150.42 million during the quarter, compared to analyst estimates of $142.94 million. Tanger had a net margin of 20.76% and a return on equity of 17.53%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. On average, equities analysts forecast that Tanger will post 2.46 earnings per share for the current fiscal year.

Tanger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Tanger’s previous quarterly dividend of $0.29. Tanger’s payout ratio is currently 116.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Tanger by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 17,949,640 shares of the real estate investment trust’s stock valued at $598,979,000 after acquiring an additional 789,935 shares during the period. State Street Corp grew its position in shares of Tanger by 3.4% during the 2nd quarter. State Street Corp now owns 6,635,830 shares of the real estate investment trust’s stock valued at $202,924,000 after acquiring an additional 215,174 shares during the period. Geode Capital Management LLC grew its position in shares of Tanger by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,879,693 shares of the real estate investment trust’s stock valued at $96,111,000 after acquiring an additional 27,201 shares during the period. Wellington Management Group LLP grew its position in shares of Tanger by 11.3% during the 4th quarter. Wellington Management Group LLP now owns 2,427,912 shares of the real estate investment trust’s stock valued at $81,019,000 after acquiring an additional 245,639 shares during the period. Finally, Invesco Ltd. grew its position in shares of Tanger by 13.0% during the 3rd quarter. Invesco Ltd. now owns 2,301,124 shares of the real estate investment trust’s stock valued at $77,870,000 after acquiring an additional 264,408 shares during the period. 85.23% of the stock is owned by institutional investors.

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.