Tanger Inc. $SKT Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Tanger Inc. (NYSE:SKT) by 347.5% during the first quarter, Holdings Channel.com reports. The firm owned 70,610 shares of the real estate investment trust’s stock after acquiring an additional 54,831 shares during the period. Quantinno Capital Management LP’s holdings in Tanger were worth $2,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. SHP Wealth Management bought a new stake in shares of Tanger during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $29,000 after acquiring an additional 531 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Tanger during the third quarter valued at approximately $33,000. Fifth Third Bancorp increased its stake in shares of 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 acquiring an additional 293 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Tanger during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Tanger Trading Down 1.8%

NYSE:SKT opened at $38.62 on Tuesday. The stock has a fifty day simple moving average of $39.87 and a 200 day simple moving average of $36.86. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10. Tanger Inc. has a 1-year low of $31.13 and a 1-year high of $42.53. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 2.65.

Tanger (NYSE:SKT) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, beating 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 company had revenue of $156.39 million during the quarter, compared to analyst estimates of $142.58 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. Sell-side analysts forecast that Tanger Inc. will post 2.48 earnings per share for the current year.

Tanger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, July 31st. Tanger’s dividend payout ratio is 113.64%.

Analysts Set New Price Targets

SKT has been the subject of a number of research analyst reports. Bank of America restated an “underperform” rating and issued a $38.00 target price on shares of Tanger in a research report on Tuesday, June 16th. Barclays boosted their price objective on Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. LADENBURG THALM/SH SH upped their price objective on Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Evercore set a $39.00 target price on Tanger in a research note on Tuesday, July 7th. Finally, UBS Group set a $41.00 target price on Tanger in a report on Thursday, June 18th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.70.

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.