Jackson Creek Investment Advisors LLC Purchases Shares of 52,072 Tanger Inc. $SKT

Jackson Creek Investment Advisors LLC acquired a new stake in Tanger Inc. (NYSE:SKT) in the fourth quarter, Holdings Channel reports. The firm acquired 52,072 shares of the real estate investment trust’s stock, valued at approximately $1,738,000.

A number of other institutional investors have also recently made changes to their positions in SKT. EverSource Wealth Advisors LLC grew its holdings in shares of Tanger by 127.3% in the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 531 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Tanger in the third quarter valued at approximately $33,000. Laurel Wealth Advisors LLC acquired a new position in shares of Tanger in the fourth quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of Tanger in the third quarter valued at approximately $49,000. Finally, Assetmark Inc. grew its holdings in shares of Tanger by 235.9% in the fourth quarter. Assetmark Inc. now owns 1,535 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,078 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SKT shares. Scotiabank lifted their price objective on shares of Tanger from $36.00 to $37.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Barclays lifted their price objective on shares of Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Compass Point cut shares of Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Tanger in a research note on Monday, April 20th. Finally, Evercore set a $37.00 price target on shares of Tanger in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.43.

Tanger Stock Up 1.1%

Shares of NYSE:SKT opened at $35.89 on Wednesday. The stock has a market cap of $4.12 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.68 and a beta of 1.14. The firm has a fifty day moving average price of $35.67 and a 200 day moving average price of $34.59. The company has a debt-to-equity ratio of 2.67, a current ratio of 3.36 and a quick ratio of 3.36. Tanger Inc. has a 1-year low of $28.69 and a 1-year high of $37.95.

Tanger (NYSE:SKT) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The business had revenue of $150.42 million for the quarter, compared to analyst estimates of $142.94 million. Tanger had a return on equity of 17.53% and a net margin of 20.76%.The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. Sell-side analysts predict that Tanger Inc. will post 2.46 EPS for the current year.

Tanger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.3125 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.25 dividend on an annualized basis and a yield of 3.5%. This is an increase from Tanger’s previous quarterly dividend of $0.29. Tanger’s dividend payout ratio (DPR) is currently 116.82%.

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.