Tanger (NYSE:SKT) Sets New 12-Month High – Still a Buy?

Posted by Brenda Bartman on Jun 15th, 2026

Tanger Inc. (NYSE:SKT – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $40.56 and last traded at $40.7140, with a volume of 779023 shares changing hands. The stock had previously closed at $40.46.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SKT shares. BMO Capital Markets reiterated a “market perform” rating on shares of Tanger in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Tanger in a research note on Monday, April 20th. LADENBURG THALM/SH SH increased their price objective on shares of Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Bank of America reissued a “neutral” rating and issued a $39.00 target price on shares of Tanger in a report on Friday, March 6th. Finally, Compass Point lowered shares of Tanger from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.43.

View Our Latest Stock Analysis on SKT

Tanger Stock Up 0.5%

The business has a 50-day moving average of $36.42 and a 200 day moving average of $34.93. The company has a market capitalization of $4.67 billion, a PE ratio of 38.08, a P/E/G ratio of 1.92 and a beta of 1.11. The company has a debt-to-equity ratio of 2.67, a current ratio of 3.36 and a quick ratio of 3.36.

Tanger (NYSE:SKT – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). Tanger had a net margin of 20.76% and a return on equity of 17.53%. The firm had revenue of $150.42 million for the quarter, compared to analysts’ expectations of $142.94 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’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. Equities research analysts predict that Tanger Inc. will post 2.46 earnings per share for the current year.

Tanger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Tanger’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, April 30th. Tanger’s payout ratio is 116.82%.

Institutional Investors Weigh In On Tanger

Hedge funds have recently bought and sold shares of the business. SHP Wealth Management purchased a new stake in Tanger during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Tanger by 127.3% in the 2nd 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 in the last quarter. Fifth Third Bancorp grew its stake in shares of Tanger by 43.2% in the 1st quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 293 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Tanger in the 3rd quarter worth about $33,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Tanger in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Tanger Company Profile

(Get Free Report)

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.