Tanger Inc. $SKT Shares Acquired by BlackRock Inc.

Key Points

• BlackRock increased its Tanger stake by 7.7% in the second quarter, acquiring 1.58 million additional shares and bringing its total ownership to approximately 19.34% of the REIT. Institutional investors and hedge funds collectively own 85.23% of Tanger.
• Tanger exceeded quarterly expectations, reporting EPS of $0.29 versus the $0.25 consensus and revenue of $156.39 million, up 11.2% year over year. Management issued fiscal 2026 EPS guidance of $2.45 to $2.52.
• The company pays an annualized dividend of $1.25 per share, yielding about 3.3%, while analysts maintain a consensus “Hold” rating with an average price target of $40.40.

BlackRock Inc. lifted its holdings in shares of Tanger Inc. (NYSE:SKT - Free Report) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,211,493 shares of the real estate investment trust's stock after purchasing an additional 1,582,006 shares during the period. BlackRock Inc. owned about 19.34% of Tanger worth $876,688,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. SHP Wealth Management acquired a new position in shares of Tanger in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Tanger by 127.3% during the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 531 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Tanger by 43.2% during the first quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 293 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Tanger during the 3rd quarter worth about $33,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Tanger during the 4th quarter worth about $34,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Tanger Stock Performance

NYSE:SKT opened at $38.20 on Friday. The firm's fifty day simple moving average is $39.96 and its 200 day simple moving average is $37.19. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 2.65. Tanger Inc. has a twelve month low of $31.13 and a twelve month high of $42.53. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.87 and a beta of 1.10.

Tanger (NYSE:SKT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS 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 for the quarter, compared to analysts' expectations of $142.58 million. During the same period in the previous year, the company posted $0.58 earnings per share. The business'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, equities research analysts expect that Tanger Inc. will post 2.48 earnings per share for the current fiscal year.

Tanger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, July 31st. Tanger's dividend payout ratio is 113.64%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of Tanger from $40.00 to $42.00 and gave the company a "market perform" rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tanger from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, June 17th. LADENBURG THALM/SH SH boosted their price objective 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. Citigroup upped their price objective on shares of Tanger from $39.00 to $41.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Finally, UBS Group set a $41.00 target price on shares of Tanger in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Tanger presently has an average rating of "Hold" and an average target price of $40.40.

About Tanger

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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