Tanger Inc. (NYSE:SKT) Stock Has Average Price Target of $40.40 According to Analysts

Shares of Tanger Inc. (NYSE:SKT) have earned a consensus rating of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.27.

Several research analysts recently issued reports on SKT shares. Scotiabank increased their price target on shares of Tanger from $37.00 to $41.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Citigroup lifted their price objective on Tanger from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Bank of America reissued an “underperform” rating and set a $38.00 target price on shares of Tanger in a research note on Tuesday, June 16th. UBS Group set a $41.00 price target on Tanger in a report on Thursday, June 18th. Finally, LADENBURG THALM/SH SH lifted their price target on Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th.

Hedge Funds Weigh In On Tanger

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its holdings in Tanger by 28.8% during the fourth quarter. Hsbc Holdings PLC now owns 268,603 shares of the real estate investment trust’s stock worth $8,987,000 after purchasing an additional 60,035 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Tanger by 32.4% in the second quarter. First Eagle Investment Management LLC now owns 261,325 shares of the real estate investment trust’s stock valued at $10,314,000 after purchasing an additional 63,900 shares during the last quarter. First Trust Advisors LP grew its holdings in Tanger by 69.0% in the first quarter. First Trust Advisors LP now owns 112,685 shares of the real estate investment trust’s stock valued at $3,829,000 after purchasing an additional 45,997 shares during the last quarter. Bank of America Corp DE increased its position in shares of Tanger by 27.8% in the first quarter. Bank of America Corp DE now owns 446,687 shares of the real estate investment trust’s stock valued at $15,178,000 after buying an additional 97,100 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of Tanger during the 2nd quarter worth $1,253,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Tanger Price Performance

Shares of NYSE SKT opened at $35.06 on Friday. The stock has a fifty day moving average price of $38.52 and a 200 day moving average price of $37.53. Tanger has a 1-year low of $31.13 and a 1-year 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 company has a market cap of $4.03 billion, a PE ratio of 31.88, a P/E/G ratio of 1.74 and a beta of 1.10.

Tanger (NYSE:SKT) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. Tanger had a net margin of 20.74% and a return on equity of 17.72%. The company 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 EPS. Tanger’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. Sell-side analysts forecast that Tanger will post 2.49 EPS for the current year.

Tanger Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.6%. Tanger’s dividend payout ratio is 113.64%.

About Tanger

Tanger Inc (NYSE: SKT) is a real estate investment trust that owns, operates and develops open-air outlet and shopping centers. Its properties are designed to serve value-conscious consumers and include a mix of national and regional retailers across apparel, footwear, home goods, dining and other consumer categories.

The company’s primary business activities include leasing retail space, managing shopping-center operations and maintaining tenant relationships. Tanger’s portfolio serves shoppers in the United States and Canada, with properties generally located near major metropolitan areas, tourist destinations and high-traffic travel corridors.

Founded in 1981 by Stanley K.