Wellington Management Group LLP Decreases Stake in Tanger Inc. $SKT

Posted by Brian Himes on Sep 5th, 2026

Wellington Management Group LLP lessened its position in shares of Tanger Inc. (NYSE:SKT – Free Report) by 43.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 965,900 shares of the real estate investment trust’s stock after selling 728,150 shares during the quarter. Wellington Management Group LLP’s holdings in Tanger were worth $38,124,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Tanger by 7.7% during 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 in the last quarter. State Street Corp grew its holdings in shares of Tanger by 3.4% in the second quarter. State Street Corp now owns 6,635,830 shares of the real estate investment trust’s stock valued at $202,924,000 after purchasing an additional 215,174 shares in the last quarter. Geode Capital Management LLC increased its position in Tanger by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,879,693 shares of the real estate investment trust’s stock worth $96,111,000 after purchasing an additional 27,201 shares during the last quarter. Invesco Ltd. lifted its position in Tanger by 13.0% during the third quarter. Invesco Ltd. now owns 2,301,124 shares of the real estate investment trust’s stock valued at $77,870,000 after purchasing an additional 264,408 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Tanger by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,132,775 shares of the real estate investment trust’s stock valued at $71,171,000 after purchasing an additional 98,949 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Tanger Price Performance

Tanger stock opened at $37.32 on Friday. Tanger Inc. has a 12-month low of $31.13 and a 12-month high of $42.53. 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 firm has a 50-day moving average price of $39.55 and a 200-day moving average price of $37.52. The firm has a market capitalization of $4.29 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10.

Tanger (NYSE:SKT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $142.58 million. During the same period in the prior year, the firm posted $0.58 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. As a group, equities research analysts forecast that Tanger Inc. will post 2.48 EPS for the current year.

Tanger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid 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

SKT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tanger from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Barclays boosted their price objective on Tanger from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Evercore set a $39.00 price objective on Tanger in a research report on Tuesday, July 7th. BMO Capital Markets raised their price objective on Tanger from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Finally, LADENBURG THALM/SH SH lifted their target price on Tanger from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.40.

View Our Latest Stock Report on SKT

Tanger Profile

(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.