Hsbc Holdings PLC Has $8.99 Million Stock Holdings in Tanger Inc. $SKT

Hsbc Holdings PLC grew its stake in Tanger Inc. (NYSE:SKT) by 28.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 268,603 shares of the real estate investment trust’s stock after purchasing an additional 60,035 shares during the quarter. Hsbc Holdings PLC’s holdings in Tanger were worth $8,987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SHP Wealth Management acquired a new stake in shares of Tanger during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted 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 buying an additional 531 shares during the last quarter. Advisory Services Network LLC bought a new position in Tanger during the third quarter worth about $33,000. Laurel Wealth Advisors LLC acquired a new position in shares of Tanger during the 4th quarter worth about $34,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Tanger during the 4th quarter worth about $41,000. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SKT has been the topic of a number of analyst reports. Scotiabank increased their price target on shares of Tanger from $37.00 to $41.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Bank of America restated an “underperform” rating and set a $38.00 price objective on shares of Tanger in a report on Tuesday, June 16th. BMO Capital Markets upped their target price on shares of Tanger from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Tanger in a report on Monday, April 20th. Finally, Barclays lifted their price target on shares of Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.50.

Tanger Stock Performance

Shares of SKT opened at $40.49 on Friday. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.10 and a beta of 1.11. Tanger Inc. has a 12 month low of $29.24 and a 12 month high of $41.50. The firm has a fifty day simple moving average of $37.26 and a 200 day simple moving average of $35.39. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.67.

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 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 the consensus estimate of $142.94 million. During the same period last year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. Research analysts forecast that Tanger Inc. will post 2.48 EPS for the current fiscal year.

Tanger Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a dividend of $0.3125 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.1%. Tanger’s payout ratio is presently 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.