27,829 Shares in Tanger Inc. $SKT Bought by FJ Capital Management LLC

FJ Capital Management LLC acquired a new position in Tanger Inc. (NYSE:SKT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,829 shares of the real estate investment trust’s stock, valued at approximately $929,000.

Several other institutional investors also recently modified their holdings of SKT. EverSource Wealth Advisors LLC grew its stake in shares of Tanger by 127.3% in the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 531 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Tanger in the third quarter worth $33,000. Laurel Wealth Advisors LLC bought a new stake in shares of Tanger in the fourth quarter worth $34,000. Quarry LP bought a new stake in shares of Tanger in the third quarter worth $49,000. Finally, Assetmark Inc. grew its stake in shares of Tanger by 235.9% in the fourth 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 during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Tanger in a research note on Monday, April 20th. Bank of America reissued a “neutral” rating and issued a $39.00 price objective on shares of Tanger in a research note on Friday, March 6th. Evercore set a $37.00 price target on shares of Tanger in a research report on Friday, May 1st. Scotiabank upped their price target on shares of Tanger from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Barclays upped their price target on shares of Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.43.

Tanger Stock Performance

Shares of SKT opened at $40.40 on Friday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $4.64 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The firm’s fifty day simple moving average is $36.42 and its two-hundred day simple moving average is $34.92. Tanger Inc. has a 12 month low of $29.24 and a 12 month high of $40.56.

Tanger (NYSE:SKT) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The firm had revenue of $150.42 million for 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% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. As a group, analysts predict that Tanger Inc. will post 2.46 EPS for the current year.

Tanger Increases Dividend

The business also recently disclosed 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. This is a boost from Tanger’s previous quarterly dividend of $0.29. 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%. Tanger’s payout ratio is currently 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.