Tanger Inc. $SKT Stake Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management reduced its Tanger stake by 5.5% in the second quarter, selling 43,009 shares and retaining 742,185 shares valued at approximately $29.3 million. Institutional investors collectively own 85.23% of Tanger’s stock.
• Analysts maintain a generally neutral outlook, with two Buy, seven Hold, and one Sell rating. Tanger’s consensus rating is Hold, with an average price target of $40.40.
• Tanger’s latest quarterly results exceeded expectations, reporting $0.29 in EPS and $156.39 million in revenue. The company also paid a quarterly dividend of $0.3125 per share, equivalent to a 3.4% annual yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Tanger Inc. (NYSE:SKT - Free Report) by 5.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 742,185 shares of the real estate investment trust's stock after selling 43,009 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Tanger worth $29,294,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. SHP Wealth Management bought a new stake in Tanger in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in Tanger by 127.3% in the 2nd 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 grew its position in Tanger by 43.2% in the 1st 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 acquired a new stake in shares of Tanger in the third quarter valued at approximately $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Tanger during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SKT shares. Weiss Ratings reissued a "buy (b)" rating on shares of Tanger in a report on Friday, July 17th. Barclays lifted their target price on Tanger from $41.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. Scotiabank increased their price target on Tanger from $37.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 18th. BMO Capital Markets raised their price target on Tanger from $40.00 to $42.00 and gave the company a "market perform" rating in a report on Monday, June 15th. Finally, UBS Group set a $41.00 price target on Tanger in a report on Thursday, June 18th. Two 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.40.

Tanger Trading Down 1.5%

Tanger stock opened at $37.15 on Friday. Tanger Inc. has a 12-month low of $31.13 and a 12-month high of $42.53. 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 stock has a market capitalization of $4.27 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The firm has a 50 day simple moving average of $39.61 and a 200-day simple moving average of $37.52.

Tanger (NYSE:SKT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm 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 quarter in the previous year, the company earned $0.58 earnings per share. 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 EPS for the current fiscal year.

Tanger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid 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 of this dividend was Friday, July 31st. Tanger's payout ratio is currently 113.64%.

Tanger 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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