California State Teachers Retirement System Has $5.13 Million Holdings in Tanger Inc. $SKT

California State Teachers Retirement System increased its position in shares of Tanger Inc. (NYSE:SKT - Free Report) by 49.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,941 shares of the real estate investment trust's stock after buying an additional 49,808 shares during the period. California State Teachers Retirement System owned 0.13% of Tanger worth $5,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SKT. Freestone Grove Partners LP raised its position in shares of Tanger by 6,634.5% in the 4th quarter. Freestone Grove Partners LP now owns 1,184,674 shares of the real estate investment trust's stock worth $39,533,000 after acquiring an additional 1,167,083 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Tanger by 2,190.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 832,777 shares of the real estate investment trust's stock valued at $28,181,000 after acquiring an additional 796,411 shares during the period. Vanguard Group Inc. lifted its position in shares of Tanger by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 17,949,640 shares of the real estate investment trust's stock valued at $598,979,000 after acquiring an additional 789,935 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Tanger during the fourth quarter worth $25,364,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Tanger by 436.9% during the first 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 acquiring an additional 651,961 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Tanger Price Performance

Shares of NYSE:SKT opened at $39.30 on Friday. The company has a current ratio of 2.12, a quick ratio of 3.36 and a debt-to-equity ratio of 2.65. The stock has a market cap of $4.51 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. The stock's fifty day simple moving average is $39.74 and its two-hundred day simple moving average is $36.79. Tanger Inc. has a 1-year low of $31.13 and a 1-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 for the quarter, topping 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 business had revenue of $156.39 million for the quarter, compared to analysts' expectations of $142.58 million. During the same period in the previous year, the company earned $0.58 earnings per share. The firm's revenue for the quarter 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, analysts forecast that Tanger Inc. will post 2.48 EPS for the current fiscal year.

Tanger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, July 31st. Tanger's payout ratio is presently 113.64%.

Analyst Ratings Changes

A number of brokerages recently commented on SKT. Evercore set a $39.00 target price on Tanger in a research report on Tuesday, July 7th. LADENBURG THALM/SH SH increased their price target on Tanger from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. 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. Barclays boosted their price objective on Tanger from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Tanger from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Wednesday, June 17th. 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, Tanger has a consensus rating of "Hold" and an average target price of $39.70.

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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