Corient Private Wealth LP Makes New Investment in Tanger Inc. $SKT

Key Points

• Corient Private Wealth acquired 54,711 shares of Tanger worth approximately $2.16 million during the second quarter, while institutional investors collectively own 85.23% of the stock.
• Tanger exceeded quarterly expectations, reporting $0.29 in EPS versus the $0.25 consensus estimate and revenue of $156.39 million, up 11.2% year over year. Management issued fiscal 2026 EPS guidance of $2.45–$2.52.
• The company pays a quarterly dividend of $0.3125, or $1.25 annually, yielding about 3.3%; analysts maintain an average “Hold” rating with a $40.40 price target versus the recent $37.72 share price.

Corient Private Wealth LP bought a new position in Tanger Inc. (NYSE:SKT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 54,711 shares of the real estate investment trust's stock, valued at approximately $2,159,000.

Several other institutional investors also recently modified their holdings of the business. SHP Wealth Management purchased a new stake in shares of Tanger during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in Tanger by 127.3% in the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 531 shares during the last quarter. Fifth Third Bancorp boosted its position in Tanger by 43.2% in the first quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 293 shares during the last quarter. Advisory Services Network LLC bought a new position in Tanger in the 3rd quarter valued at $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in Tanger in the 4th quarter valued at $41,000. 85.23% of the stock is owned by institutional investors.

Tanger Stock Performance

NYSE:SKT opened at $37.72 on Thursday. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.12 and a quick ratio of 2.12. The business has a fifty day simple moving average of $39.69 and a two-hundred day simple moving average of $37.50. Tanger Inc. has a 1 year low of $31.13 and a 1 year high of $42.53. The company has a market capitalization of $4.33 billion, a P/E ratio of 34.29, a P/E/G ratio of 1.86 and a beta of 1.10.

Tanger (NYSE:SKT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. Tanger had a return on equity of 17.72% and a net margin of 20.74%.The firm had revenue of $156.39 million for the quarter, compared to analyst estimates of $142.58 million. During the same period in the previous year, the company posted $0.58 earnings per share. The business's revenue was up 11.2% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. On average, analysts expect that Tanger Inc. will post 2.48 earnings per share for the current year.

Tanger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, July 31st. Tanger's payout ratio is currently 113.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays raised their target price on Tanger from $41.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, August 17th. UBS Group set a $41.00 price target on shares of Tanger in a report on Thursday, June 18th. LADENBURG THALM/SH SH increased their price target on shares of Tanger from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Scotiabank raised their price objective on shares of Tanger from $37.00 to $41.00 and gave the stock a "sector perform" rating in a report on Thursday, June 18th. Finally, BMO Capital Markets lifted their price objective on shares of Tanger from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Tanger presently has an average rating of "Hold" and an average price target of $40.40.

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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