UBS Group AG Sells 1,100,864 Shares of Tanger Inc. $SKT

UBS Group AG trimmed its position in Tanger Inc. (NYSE:SKT) by 73.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,202 shares of the real estate investment trust’s stock after selling 1,100,864 shares during the period. UBS Group AG owned approximately 0.34% of Tanger worth $13,054,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Tanger by 127.3% in 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 period. Advisory Services Network LLC acquired a new position in shares of Tanger during the third quarter worth approximately $33,000. Quarry LP bought a new position in shares of Tanger in the 3rd quarter worth $49,000. Assetmark Inc. lifted its holdings in shares of Tanger by 235.9% in the 4th quarter. Assetmark Inc. now owns 1,535 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in Tanger by 2,172.3% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,136 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 2,042 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Tanger Price Performance

Tanger stock opened at $35.77 on Friday. Tanger Inc. has a 52 week low of $28.69 and a 52 week high of $37.95. The company’s 50 day moving average price is $35.74 and its two-hundred day moving average price is $34.46. 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 stock has a market cap of $4.11 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.68 and a beta of 1.14.

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

Tanger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.25 annualized dividend and a dividend yield of 3.5%. This is a boost from Tanger’s previous quarterly dividend of $0.29. Tanger’s payout ratio is 116.82%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore set a $37.00 price target on shares of Tanger in a research note on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Tanger in a report on Monday, April 20th. Compass Point downgraded shares of Tanger from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research report on Thursday, February 26th. Barclays upped their target price on shares of Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Bank of America reaffirmed a “neutral” rating and issued a $39.00 price target on shares of Tanger in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tanger presently has an average rating of “Hold” and a consensus price target of $37.29.

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.