SG Americas Securities LLC Raises Stock Position in Tanger Inc. $SKT

SG Americas Securities LLC increased its position in shares of Tanger Inc. (NYSE:SKT) by 45.8% in the 1st quarter, HoldingsChannel reports. The fund owned 224,636 shares of the real estate investment trust’s stock after acquiring an additional 70,532 shares during the period. SG Americas Securities LLC’s holdings in Tanger were worth $7,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Tanger by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 17,949,640 shares of the real estate investment trust’s stock valued at $598,979,000 after acquiring an additional 789,935 shares in the last quarter. State Street Corp increased its position in shares of Tanger by 3.4% during the second quarter. State Street Corp now owns 6,635,830 shares of the real estate investment trust’s stock worth $202,924,000 after purchasing an additional 215,174 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Tanger by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,879,693 shares of the real estate investment trust’s stock worth $96,111,000 after purchasing an additional 27,201 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Tanger by 11.3% during the 4th quarter. Wellington Management Group LLP now owns 2,427,912 shares of the real estate investment trust’s stock valued at $81,019,000 after purchasing an additional 245,639 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Tanger by 13.0% during the 3rd quarter. Invesco Ltd. now owns 2,301,124 shares of the real estate investment trust’s stock valued at $77,870,000 after purchasing an additional 264,408 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. UBS Group set a $41.00 target price on Tanger in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised their price target on Tanger from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Scotiabank boosted 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. LADENBURG THALM/SH SH upped their price objective on shares of Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $38.00 price objective on shares of Tanger in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.50.

Tanger Price Performance

NYSE SKT opened at $40.49 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 3.36 and a quick ratio of 3.36. The stock’s fifty day moving average price is $37.26 and its 200 day moving average price is $35.39. Tanger Inc. has a 1 year low of $29.24 and a 1 year high of $41.50. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.07 and a beta of 1.11.

Tanger (NYSE:SKT) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). Tanger had a return on equity of 17.53% and a net margin of 20.76%.The firm had revenue of $150.42 million for the quarter, compared to analyst estimates of $142.94 million. During the same period in the prior year, the firm posted $0.53 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. As a group, equities research analysts forecast that Tanger Inc. will post 2.48 earnings per share for the current year.

Tanger Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.3125 dividend. The ex-dividend date was Thursday, April 30th. This is a positive change from Tanger’s previous quarterly dividend of $0.29. This represents a $1.25 annualized dividend and a dividend yield of 3.1%. Tanger’s dividend payout ratio (DPR) is 116.82%.

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.