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

Shares of Tanger Inc. (NYSE:SKT) have been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $39.50.

Several research analysts have recently weighed in on the company. Scotiabank upped their price objective on Tanger from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Thursday. Evercore set a $37.00 price objective on Tanger in a research report on Friday, May 1st. UBS Group set a $41.00 price objective on Tanger in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on Tanger from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Barclays upped their price objective on Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its position in Tanger by 43.2% during the first quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 293 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Tanger by 5.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,877 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 306 shares during the last quarter. M&T Bank Corp boosted its position in Tanger by 3.3% during the second quarter. M&T Bank Corp now owns 10,272 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 326 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Tanger by 11.6% during the third quarter. Smartleaf Asset Management LLC now owns 3,185 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 330 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Tanger by 13.2% during the fourth quarter. GAMMA Investing LLC now owns 2,856 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 332 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Tanger Stock Up 1.0%

NYSE:SKT opened at $39.06 on Friday. Tanger has a 1 year low of $29.24 and a 1 year high of $41.03. 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 cap of $4.49 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 1.83 and a beta of 1.11. The stock has a 50-day moving average price of $36.80 and a two-hundred day moving average price of $35.10.

Tanger (NYSE:SKT) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The business 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 firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. As a group, equities analysts expect that Tanger will post 2.46 earnings per share for the current year.

Tanger Increases Dividend

The company 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 an increase from Tanger’s previous quarterly dividend of $0.29. This represents a $1.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, April 30th. Tanger’s payout ratio is currently 116.82%.

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.