Tanger Inc. $SKT Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Tanger stake by 347.5% in the first quarter, ending with 70,610 shares valued at approximately $2.4 million. Institutional investors and hedge funds collectively own 85.23% of Tanger.
• Tanger reported quarterly earnings of $0.29 per share, beating the $0.25 analyst consensus, while revenue rose 11.2% year over year to $156.39 million. The company set fiscal 2026 EPS guidance at $2.45–$2.52.
• Tanger declared a quarterly dividend of $0.3125 per share, equivalent to a 3.2% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $39.70, compared with the stock’s $38.62 opening price.

Quantinno Capital Management LP boosted its holdings in shares of Tanger Inc. (NYSE:SKT - Free Report) by 347.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,610 shares of the real estate investment trust's stock after purchasing an additional 54,831 shares during the quarter. Quantinno Capital Management LP owned approximately 0.06% of Tanger worth $2,399,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SHP Wealth Management acquired a new stake in shares of Tanger during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in Tanger by 127.3% during the 2nd 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 Tanger by 43.2% during the 1st 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 acquired a new position in Tanger during the 3rd quarter worth $33,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Tanger during the 4th quarter worth $34,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Tanger Trading Down 1.8%

NYSE:SKT opened at $38.62 on Tuesday. The firm has a market capitalization of $4.44 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.01 and a beta of 1.10. The business has a 50 day simple moving average of $39.87 and a 200 day simple moving average of $36.86. 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 Inc. has a 12-month low of $31.13 and a 12-month high of $42.53.

Tanger (NYSE:SKT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 17.72% and a net margin of 20.74%.The firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. Equities research analysts predict that Tanger Inc. will post 2.48 EPS for the current year.

Tanger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.3125 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.25 annualized dividend and a dividend yield of 3.2%. Tanger's dividend payout ratio (DPR) is presently 113.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SKT. Bank of America restated an "underperform" rating and issued a $38.00 target price on shares of Tanger in a research note on Tuesday, June 16th. BMO Capital Markets upped 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. LADENBURG THALM/SH SH increased their target price on Tanger from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft increased their target price on Tanger from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, June 17th. Finally, UBS Group set a $41.00 price target on Tanger in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Tanger presently has an average rating of "Hold" and an average target price of $39.70.

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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