Cbre Investment Management Listed Real Assets LLC increased its stake in Tanger Inc. (NYSE:SKT – Free Report) by 39.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,009,226 shares of the real estate investment trust’s stock after purchasing an additional 287,627 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Tanger were worth $33,678,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SKT. Royal Bank of Canada lifted its holdings in Tanger by 2.8% in the 1st quarter. Royal Bank of Canada now owns 145,184 shares of the real estate investment trust’s stock worth $4,905,000 after purchasing an additional 3,995 shares during the last quarter. AQR Capital Management LLC increased its position in Tanger by 17.8% in the 1st quarter. AQR Capital Management LLC now owns 38,209 shares of the real estate investment trust’s stock worth $1,291,000 after buying an additional 5,765 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Tanger by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,251 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 3,631 shares during the period. United Services Automobile Association bought a new position in Tanger in the 1st quarter worth approximately $233,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Tanger by 436.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 801,200 shares of the real estate investment trust’s stock worth $27,073,000 after buying an additional 651,961 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have commented on the company. Compass Point downgraded Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research report on Thursday, February 26th. Evercore set a $37.00 price target on Tanger in a research report on Friday, May 1st. Barclays lifted their price target on Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Scotiabank lifted their price target on Tanger from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $39.00 price target on shares of Tanger in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.43.
Tanger Stock Performance
SKT opened at $35.48 on Tuesday. The stock has a market cap of $4.08 billion, a PE ratio of 33.16, a P/E/G ratio of 1.71 and a beta of 1.11. 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 Inc. has a 1 year low of $28.69 and a 1 year high of $37.95. The stock’s 50 day simple moving average is $35.71 and its 200-day simple moving average is $34.64.
Tanger (NYSE:SKT – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The firm had revenue of $150.42 million for the quarter, compared to the consensus estimate of $142.94 million. Tanger had a net margin of 20.76% and a return on equity of 17.53%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. Sell-side analysts forecast that Tanger Inc. will post 2.46 EPS for the current year.
Tanger Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.3125 per share. This is a boost from Tanger’s previous quarterly dividend of $0.29. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, April 30th. Tanger’s dividend payout ratio (DPR) 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.
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