Hsbc Holdings PLC Acquires 26,155 Shares of Tanger Inc. $SKT

Hsbc Holdings PLC raised its holdings in Tanger Inc. (NYSE:SKT) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 236,024 shares of the real estate investment trust’s stock after acquiring an additional 26,155 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of Tanger worth $9,321,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SKT. SHP Wealth Management purchased a new stake in Tanger in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 531 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Tanger by 43.2% during the 1st quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 293 shares during the last quarter. Advisory Services Network LLC purchased a new position in Tanger in the third quarter worth $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Tanger in the fourth quarter worth $41,000. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SKT shares. BMO Capital Markets boosted their target price on Tanger from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Evercore set a $39.00 price target on shares of Tanger in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tanger from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. Bank of America reaffirmed an “underperform” rating and set a $38.00 target price on shares of Tanger in a report on Tuesday, June 16th. Finally, Citigroup boosted their price target on shares of Tanger from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.40.

Tanger Stock Performance

Shares of SKT stock opened at $36.74 on Thursday. The company has a market capitalization of $4.22 billion, a P/E ratio of 33.40, a PEG ratio of 1.83 and a beta of 1.10. Tanger Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $42.53. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a 50 day moving average price of $39.40 and a two-hundred day moving average price of $37.59.

Tanger (NYSE:SKT) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (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 net margin of 20.74% and a return on equity of 17.72%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. Analysts expect that Tanger Inc. will post 2.48 earnings per share for the current year.

Tanger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date 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.