Tanger Inc. $SKT Shares Purchased by Legal & General Group Plc

Posted by Stanley Muller on May 31st, 2026

Legal & General Group Plc boosted its position in Tanger Inc. (NYSE:SKT – Free Report) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 862,321 shares of the real estate investment trust’s stock after purchasing an additional 84,514 shares during the quarter. Legal & General Group Plc’s holdings in Tanger were worth $28,776,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased 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 buying an additional 531 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Tanger in the third quarter valued at $33,000. Laurel Wealth Advisors LLC bought a new position in shares of Tanger in the fourth quarter valued at $34,000. Quarry LP bought a new position in shares of Tanger in the third quarter valued at $49,000. Finally, Assetmark Inc. increased its holdings in shares of Tanger by 235.9% in the fourth quarter. Assetmark Inc. now owns 1,535 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,078 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Tanger Price Performance

Shares of NYSE:SKT opened at $36.07 on Friday. The company’s fifty day moving average is $35.71 and its two-hundred day moving average is $34.64. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.67. Tanger Inc. has a 12-month low of $28.69 and a 12-month high of $37.95. The company has a market cap of $4.14 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14.

Tanger (NYSE:SKT – Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share (EPS) 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 analyst estimates of $142.94 million. During the same period last year, the firm earned $0.53 earnings per share. Tanger’s revenue for the quarter 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 analysts expect that Tanger Inc. will post 2.46 earnings per share for the current fiscal year.

Tanger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.3125 per share. This is an increase 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 yield of 3.5%. Tanger’s dividend payout ratio (DPR) is presently 116.82%.

Analyst Ratings Changes

Several research analysts have issued reports on SKT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a report on Monday, April 20th. Barclays upped their price target on Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Bank of America reaffirmed a “neutral” rating and issued a $39.00 price target on shares of Tanger in a report on Friday, March 6th. Scotiabank upped their price target on Tanger from $36.00 to $37.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Finally, Evercore set a $37.00 price target on Tanger in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.43.

Read Our Latest Analysis on Tanger

Tanger Company 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.