Tanger Inc. $SKT Shares Purchased by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC increased its position in shares of Tanger Inc. (NYSE:SKT) by 39.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,009,226 shares of the real estate investment trust’s stock after acquiring an additional 287,627 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 0.88% of Tanger worth $33,678,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Tanger by 127.3% during the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 531 shares during the period. Advisory Services Network LLC acquired a new position in Tanger during the third quarter worth about $33,000. Laurel Wealth Advisors LLC acquired a new position in Tanger during the fourth quarter worth about $34,000. Quarry LP acquired a new position in Tanger during the third quarter worth about $49,000. Finally, Assetmark Inc. grew its holdings in Tanger by 235.9% during the fourth quarter. Assetmark Inc. now owns 1,535 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,078 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Tanger Stock Performance

Shares of SKT opened at $35.48 on Tuesday. The company’s fifty day moving average is $35.71 and its 200-day moving average is $34.64. Tanger Inc. has a 12 month low of $28.69 and a 12 month high of $37.95. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. 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 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). Tanger had a return on equity of 17.53% and a net margin of 20.76%.The business had revenue of $150.42 million for the quarter, compared to analyst estimates of $142.94 million. During the same quarter last year, the company earned $0.53 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. Equities analysts expect that Tanger Inc. will post 2.46 EPS for the current fiscal year.

Tanger Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Tanger in a research report on Monday, April 20th. Barclays increased their price target on Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Scotiabank increased their price target on Tanger from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Bank of America restated a “neutral” rating and set a $39.00 price objective on shares of Tanger in a research report on Friday, March 6th. Finally, Evercore set a $37.00 price objective on Tanger in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.43.

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.