NewEdge Advisors LLC Has $6.20 Million Holdings in Tanger Inc. $SKT

Key Points

• NewEdge Advisors increased its Tanger stake by 32.1% in the second quarter, owning 157,081 shares valued at approximately $6.2 million. Institutional investors collectively held 85.23% of Tanger’s stock.
• Tanger reported quarterly earnings of $0.29 per share, exceeding the $0.25 consensus estimate, while revenue rose 11.2% year over year to $156.39 million. The company guided for fiscal 2026 EPS of $2.45–$2.52.
• Tanger pays a quarterly dividend of $0.3125, equivalent to a 3.4% annualized yield, but its payout ratio is elevated at 113.64%. Analysts maintain a consensus “Hold” rating with an average price target of $40.40, compared with a recent share price of $36.41.

NewEdge Advisors LLC raised its holdings in Tanger Inc. (NYSE:SKT - Free Report) by 32.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,081 shares of the real estate investment trust's stock after acquiring an additional 38,170 shares during the period. NewEdge Advisors LLC owned about 0.14% of Tanger worth $6,200,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SKT. IFP Advisors Inc lifted its holdings 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 acquiring an additional 726 shares during the last quarter. Nykredit A S bought a new stake in shares of Tanger during the 2nd quarter valued at approximately $194,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Tanger during the 2nd quarter valued at approximately $300,000. First Eagle Investment Management LLC increased its position in Tanger by 32.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 261,325 shares of the real estate investment trust's stock worth $10,314,000 after purchasing an additional 63,900 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Tanger by 3,333.9% in the 2nd quarter. California State Teachers Retirement System now owns 5,183,161 shares of the real estate investment trust's stock valued at $204,579,000 after purchasing an additional 5,032,220 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Tanger Trading Up 0.1%

Shares of NYSE SKT opened at $36.41 on Monday. The firm has a 50 day moving average price of $39.28 and a two-hundred day moving average price of $37.61. The stock has a market cap of $4.18 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. Tanger Inc. has a 52-week low of $31.13 and a 52-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.

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 the consensus estimate of $0.25 by $0.04. The company had revenue of $156.39 million for the quarter, compared to analysts' expectations of $142.58 million. Tanger had a net margin of 20.74% and a return on equity of 17.72%. Tanger's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. As a group, equities analysts forecast that Tanger Inc. will post 2.49 EPS for the current year.

Tanger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, July 31st. Tanger's payout ratio is 113.64%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SKT. LADENBURG THALM/SH SH boosted their target price on shares of Tanger from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Tanger in a report on Friday, July 17th. Citigroup boosted 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. UBS Group set a $41.00 target price on Tanger in a research report on Thursday, June 18th. Finally, Bank of America reissued an "underperform" rating and set a $38.00 price target on shares of Tanger in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $40.40.

Tanger 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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