Tanger (NYSE:SKT) Issues FY 2026 Earnings Guidance

Tanger (NYSE:SKT) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.450-2.520 for the period, compared to the consensus earnings per share estimate of 2.480. The company issued revenue guidance of -.

Tanger Trading Up 0.2%

Shares of Tanger stock traded up $0.08 on Tuesday, reaching $40.83. 1,416,778 shares of the company were exchanged, compared to its average volume of 989,478. The stock has a fifty day moving average price of $39.50 and a 200-day moving average price of $36.65. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.67. Tanger has a fifty-two week low of $30.62 and a fifty-two week high of $42.53.

Tanger (NYSE:SKT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Tanger had a net margin of 20.76% and a return on equity of 17.53%. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. On average, analysts expect that Tanger 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. Shareholders of record on Friday, July 31st will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 31st. Tanger’s payout ratio is 116.82%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their target price on Tanger from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a research report on Friday, July 17th. Scotiabank upped their price objective on shares of Tanger from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. UBS Group set a $41.00 target price on shares of Tanger in a research report on Thursday, June 18th. Finally, Evercore set a $39.00 price target on shares of Tanger in a research note on Tuesday, July 7th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.70.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SKT. EverSource Wealth Advisors LLC grew its holdings in Tanger by 127.3% during 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 during the last quarter. Advisory Services Network LLC acquired a new position in Tanger during the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC bought a new stake in Tanger during the fourth quarter valued at about $41,000. Quarry LP acquired a new stake in shares of Tanger in the third quarter valued at about $49,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Tanger in the third quarter worth about $77,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

About Tanger

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.