31,752 Shares in Tanger Inc. $SKT Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Tanger Inc. (NYSE:SKT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 31,752 shares of the real estate investment trust’s stock, valued at approximately $1,253,000.

Other hedge funds also recently added to or reduced their stakes in the company. MSH Capital Advisors LLC purchased a new stake in shares of Tanger in the second quarter worth about $564,000. BlackRock Inc. boosted its holdings in Tanger by 7.7% in the 2nd quarter. BlackRock Inc. now owns 22,211,493 shares of the real estate investment trust’s stock worth $876,688,000 after acquiring an additional 1,582,006 shares during the period. Deutsche Bank AG boosted its holdings in Tanger by 7.0% in the 2nd quarter. Deutsche Bank AG now owns 165,985 shares of the real estate investment trust’s stock worth $6,551,000 after acquiring an additional 10,813 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Tanger by 4.7% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 98,817 shares of the real estate investment trust’s stock valued at $3,900,000 after acquiring an additional 4,411 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Tanger by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 860,761 shares of the real estate investment trust’s stock valued at $33,974,000 after acquiring an additional 23,200 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Tanger Trading Down 0.1%

NYSE SKT opened at $38.20 on Friday. Tanger Inc. has a 1-year low of $31.13 and a 1-year high of $42.53. The firm’s fifty day simple moving average is $39.96 and its 200-day simple moving average is $37.19. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $4.39 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10.

Tanger (NYSE:SKT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Tanger had a net margin of 20.74% and a return on equity of 17.72%. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $142.58 million. During the same period in the prior year, the company posted $0.58 earnings per share. Tanger’s revenue for the quarter was up 11.2% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. As a group, sell-side analysts anticipate that Tanger Inc. will post 2.48 earnings per share for the current fiscal year.

Tanger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.3%. Tanger’s dividend payout ratio is currently 113.64%.

Analysts Set New Price Targets

A number of brokerages have commented on SKT. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tanger from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. UBS Group set a $41.00 price objective on shares of Tanger in a report on Thursday, June 18th. Barclays upped their target price on Tanger from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. LADENBURG THALM/SH SH increased their price objective on shares of Tanger from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, BMO Capital Markets raised their target price on Tanger from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Two 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.40.

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.