Tanger Inc. $SKT Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its holdings in Tanger Inc. (NYSE:SKT) by 69.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 112,685 shares of the real estate investment trust’s stock after buying an additional 45,997 shares during the period. First Trust Advisors LP’s holdings in Tanger were worth $3,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of Tanger by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 34,547 shares of the real estate investment trust’s stock worth $1,174,000 after buying an additional 530 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Tanger by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,694,607 shares of the real estate investment trust’s stock valued at $57,584,000 after acquiring an additional 42,114 shares during the period. Swiss National Bank raised its stake in Tanger by 2.1% during the 1st quarter. Swiss National Bank now owns 227,800 shares of the real estate investment trust’s stock valued at $7,741,000 after acquiring an additional 4,600 shares during the last quarter. Assetmark Inc. raised its stake in Tanger by 32.1% during the 1st quarter. Assetmark Inc. now owns 2,028 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 493 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Tanger by 51.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 234,620 shares of the real estate investment trust’s stock worth $8,012,000 after acquiring an additional 79,861 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Tanger Trading Down 0.4%

NYSE SKT opened at $40.54 on Thursday. The stock has a market capitalization of $4.66 billion, a P/E ratio of 36.86, a P/E/G ratio of 2.08 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 firm has a 50-day moving average price of $39.69 and a 200 day moving average price of $36.75. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.67.

Tanger (NYSE:SKT) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Tanger had a net margin of 20.74% and a return on equity of 17.60%. The firm had revenue of $148.27 million during the quarter, compared to the consensus estimate of $142.58 million. During the same quarter last year, the firm earned $0.58 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. Equities research analysts expect that Tanger Inc. will post 2.48 EPS for the current year.

Tanger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 31st. Tanger’s dividend payout ratio is 116.82%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SKT. LADENBURG THALM/SH SH lifted their target price on Tanger from $40.00 to $42.00 and gave the company 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. Scotiabank upped 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. Barclays increased their price target on Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, Bank of America reiterated an “underperform” rating and issued a $38.00 price objective on shares of Tanger in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.70.

Tanger News Roundup

Here are the key news stories impacting Tanger this week:

• Positive Sentiment: Quarterly results exceeded expectations: Tanger reported second-quarter EPS of $0.29 versus the $0.25 consensus estimate, while revenue increased 11.2% year over year to $148.27 million, beating expectations of $142.58 million. Funds from operations (FFO) reached $0.64 per share, above the $0.62 estimate and up from $0.58 a year earlier. Tanger Q2 FFO and Revenues Surpass Estimates
• Positive Sentiment: 2026 outlook remains favorable: Tanger forecast core FFO of $2.45 to $2.52 per share for 2026, broadly in line with the $2.48 analyst consensus, and raised its dividend. Management cited disciplined execution, continued tenant demand and additional growth from the Levis Commons property. Tanger Forecasts 2026 Core FFO
• Positive Sentiment: Traffic and leasing trends support growth: Chief Executive Stephen Yalof said World Cup tourism increased traffic and sales at Tanger centers, with properties in eight of the tournament’s 11 host cities. The company is also re-tenanting former Saks spaces, which could improve future occupancy and property productivity. Tanger CEO Says World Cup Drove Traffic and Sales
• Neutral Sentiment: Occupancy moderated: Although earnings and guidance improved, occupancy was softer, creating some concern about near-term leasing momentum. Management’s re-tenanting efforts will be important to offset that pressure. Tanger Q2 Earnings Beat Estimates
• Negative Sentiment: Limited upside in guidance: The 2026 FFO outlook is essentially in line with analyst expectations, while SKT’s elevated valuation may make investors less tolerant of any weakening in occupancy or consumer spending.

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.