35,004 Tanger Inc. $SKT Shares Bought by Sigma Planning Corp

Posted by Brian Himes on Oct 29th, 2026

Sigma Planning Corp boosted its stake in shares of Tanger Inc. (NYSE:SKT – Free Report) by 234.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 49,923 shares of the real estate investment trust’s stock after purchasing an additional 35,004 shares during the quarter. Sigma Planning Corp’s holdings in Tanger were worth $1,712,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of Tanger by 43.2% during the 1st quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 293 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Tanger by 80.5% in the second quarter. IFP Advisors Inc now owns 1,628 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 726 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Tanger by 32.1% in the first quarter. Assetmark Inc. now owns 2,028 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 493 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Tanger in the second quarter worth about $131,000. Finally, Virtus Advisers LLC acquired a new stake in Tanger during the second quarter worth about $188,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SKT. Barclays reduced their price target on Tanger from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Evercore set a $39.00 price objective on Tanger in a research report on Tuesday, July 7th. Citigroup upped their price objective on Tanger from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. cut shares of Tanger from an “overweight” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research note on Thursday, September 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.17.

Get Our Latest Report on Tanger

Tanger Stock Down 1.4%

SKT opened at $36.14 on Thursday. Tanger Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $42.53. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.12 and a current ratio of 2.12. The company has a fifty day moving average of $36.13 and a two-hundred day moving average of $36.63. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.28 and a beta of 1.12.

Tanger (NYSE:SKT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping 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 business had revenue of $156.39 million during the quarter, compared to the consensus estimate of $142.58 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The company’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. On average, research analysts expect that Tanger Inc. will post 2.50 earnings per share for the current year.

Tanger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, October 30th. Tanger’s payout ratio is currently 113.64%.

Tanger Profile

(Free Report)

Tanger Inc (NYSE:SKT) is a real estate investment trust that owns, operates and develops open-air shopping centers, primarily outlet centers, in the United States and Canada. Its properties provide retail space for a broad range of brand-name and designer retailers, including apparel, footwear, accessories, home goods and specialty products.

The company generates revenue primarily by leasing retail space to tenants and providing related property-management services. Tanger’s shopping centers are generally located near major highways, tourist destinations and metropolitan areas, where they serve both local shoppers and visiting consumers.

Founded by Stanley Tanger, the company opened its first outlet center in Burlington, North Carolina, in 1981.