SG Americas Securities LLC Grows Holdings in Tanger Inc. $SKT

SG Americas Securities LLC raised its holdings in shares of Tanger Inc. (NYSE:SKT) by 45.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,636 shares of the real estate investment trust’s stock after purchasing an additional 70,532 shares during the quarter. SG Americas Securities LLC owned 0.20% of Tanger worth $7,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SKT. SHP Wealth Management purchased a new position in Tanger in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 531 shares during the period. Advisory Services Network LLC bought a new position in Tanger in the 3rd quarter worth about $33,000. Laurel Wealth Advisors LLC bought a new position in Tanger in the 4th quarter worth about $34,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of Tanger during the fourth quarter worth approximately $41,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on SKT shares. Barclays lifted their price target on shares of Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft lifted their target price on Tanger from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Evercore set a $37.00 target price on Tanger in a report on Friday, May 1st. BMO Capital Markets raised their price target on Tanger from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Finally, Scotiabank lifted their price objective on Tanger from $37.00 to $41.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Tanger presently has an average rating of “Hold” and a consensus price target of $39.50.

Tanger Stock Performance

Shares of SKT stock opened at $40.49 on Friday. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.07 and a beta of 1.11. Tanger Inc. has a 52-week low of $29.24 and a 52-week high of $41.50. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.67. The company’s 50 day moving average is $37.26 and its 200 day moving average is $35.39.

Tanger (NYSE:SKT) last posted 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). Tanger had a return on equity of 17.53% and a net margin of 20.76%.The company had revenue of $150.42 million for the quarter, compared to analysts’ expectations of $142.94 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. On average, sell-side analysts anticipate that Tanger Inc. will post 2.48 EPS 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 given 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 yield of 3.1%. Tanger’s dividend payout ratio is 116.82%.

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.