The Manufacturers Life Insurance Company Invests $2.14 Million in Tanger Inc. $SKT

Key Points

• The Manufacturers Life Insurance Company acquired 54,328 Tanger shares worth approximately $2.14 million in the second quarter. Institutional investors collectively own 85.23% of the REIT.
• Tanger reported quarterly EPS of $0.29, exceeding estimates of $0.25, while revenue rose 11.2% year over year to $156.39 million. Management issued fiscal 2026 EPS guidance of $2.45–$2.52.
• The company paid a quarterly dividend of $0.3125, equivalent to $1.25 annually and a 3.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $40.40, versus a recent share price of $37.72.

The Manufacturers Life Insurance Company acquired a new stake in shares of Tanger Inc. (NYSE:SKT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 54,328 shares of the real estate investment trust's stock, valued at approximately $2,144,000.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Tanger by 7.7% in the second quarter. BlackRock Inc. now owns 22,211,493 shares of the real estate investment trust's stock valued at $876,688,000 after acquiring an additional 1,582,006 shares during the last quarter. Freestone Grove Partners LP lifted its stake in Tanger by 6,634.5% during the fourth quarter. Freestone Grove Partners LP now owns 1,184,674 shares of the real estate investment trust's stock worth $39,533,000 after purchasing an additional 1,167,083 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Tanger by 2,190.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 832,777 shares of the real estate investment trust's stock worth $28,181,000 after purchasing an additional 796,411 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Tanger during the fourth quarter worth about $25,364,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Tanger by 436.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 801,200 shares of the real estate investment trust's stock worth $27,073,000 after purchasing an additional 651,961 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Tanger Stock Down 0.8%

Shares of NYSE:SKT opened at $37.72 on Thursday. The stock's 50-day moving average price is $39.69 and its 200-day moving average price is $37.50. Tanger Inc. has a 12-month low of $31.13 and a 12-month high of $42.53. The stock has a market capitalization of $4.33 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. 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 (NYSE:SKT - Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.04. The company had revenue of $156.39 million during the quarter, compared to analyst estimates of $142.58 million. Tanger had a return on equity of 17.72% and a net margin of 20.74%.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 company posted $0.58 EPS. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. On average, equities analysts anticipate that Tanger Inc. will post 2.48 earnings per share for the current year.

Tanger Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SKT shares. Evercore set a $39.00 price objective on Tanger in a research report on Tuesday, July 7th. UBS Group set a $41.00 target price on Tanger in a research report on Thursday, June 18th. Scotiabank upped their target price on Tanger from $37.00 to $41.00 and gave the stock a "sector perform" rating in a research note 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. Finally, 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 research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, 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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