Tanger Inc. (NYSE:SKT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Tanger has a consensus “Hold” rating from ten analysts: seven holds, two buys and one sell. The average 12-month price target is $40.40, above the reported $35.84 share price.
• Tanger’s latest quarterly results exceeded expectations, with EPS of $0.29 versus the $0.25 consensus and revenue of $156.39 million compared with estimates of $142.58 million.
• The REIT maintains a quarterly dividend of $0.3125 per share, equivalent to $1.25 annually and a 3.5% yield, although its payout ratio is elevated at 113.64%.

Shares of Tanger Inc. (NYSE:SKT - Get Free Report) have earned a consensus recommendation of "Hold" from the ten analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $40.40.

SKT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tanger from $35.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, June 17th. BMO Capital Markets lifted their price objective on Tanger from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, June 15th. Barclays lifted their price objective on Tanger from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. LADENBURG THALM/SH SH upped their target price on Tanger from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Finally, Evercore set a $39.00 target price on Tanger in a research note on Tuesday, July 7th.

Tanger Stock Performance

Shares of SKT stock opened at $35.84 on Friday. The stock has a market capitalization of $4.12 billion, a PE ratio of 32.58, a PEG ratio of 1.75 and a beta of 1.10. The business's 50 day simple moving average is $38.93 and its 200 day simple moving average is $37.57. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.12 and a quick ratio of 2.12. Tanger has a one year low of $31.13 and a one year high of $42.53.

Tanger (NYSE:SKT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $156.39 million during the quarter, compared to analyst estimates of $142.58 million. Tanger had a net margin of 20.74% and a return on equity of 17.72%. The company's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 EPS. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. As a group, research analysts forecast that Tanger will post 2.49 earnings per share for the current year.

Tanger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, July 31st. Tanger's dividend payout ratio is presently 113.64%.

Institutional Trading of Tanger

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in Tanger by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 54,328 shares of the real estate investment trust's stock worth $2,144,000 after purchasing an additional 4,296 shares during the period. Tidal Investments LLC acquired a new position in shares of Tanger during the second quarter valued at about $941,000. Engineers Gate Manager LP acquired a new position in shares of Tanger during the second quarter valued at about $659,000. Integrated Wealth Concepts LLC bought a new position in shares of Tanger during the 2nd quarter worth about $131,000. Finally, NewEdge Advisors LLC boosted its position in shares of Tanger by 32.1% during the 2nd quarter. NewEdge Advisors LLC now owns 157,081 shares of the real estate investment trust's stock worth $6,200,000 after purchasing an additional 38,170 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Tanger Company Profile

Tanger Inc NYSE: SKT is a real estate investment trust that owns, operates and develops open-air outlet and shopping centers. Its properties are designed to serve value-conscious consumers and include a mix of national and regional retailers across apparel, footwear, home goods, dining and other consumer categories.

The company's primary business activities include leasing retail space, managing shopping-center operations and maintaining tenant relationships. Tanger's portfolio serves shoppers in the United States and Canada, with properties generally located near major metropolitan areas, tourist destinations and high-traffic travel corridors.

Founded in 1981 by Stanley K.

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