Fieldview Capital Management LLC Takes $478,000 Position in Tanger Inc. $SKT

Fieldview Capital Management LLC bought a new stake in Tanger Inc. (NYSE:SKT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,327 shares of the real estate investment trust’s stock, valued at approximately $478,000.

A number of other institutional investors have also added to or reduced their stakes in SKT. Schonfeld Strategic Advisors LLC raised its stake in Tanger by 2,190.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 832,777 shares of the real estate investment trust’s stock worth $28,181,000 after buying an additional 796,411 shares during the period. Vanguard Group Inc. raised its stake in Tanger by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 17,949,640 shares of the real estate investment trust’s stock worth $598,979,000 after buying an additional 789,935 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Tanger during the 4th quarter worth approximately $25,364,000. American Century Companies Inc. raised its stake in Tanger by 1,459.4% during the 3rd quarter. American Century Companies Inc. now owns 787,880 shares of the real estate investment trust’s stock worth $26,662,000 after buying an additional 737,354 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in Tanger by 6,186.3% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 721,599 shares of the real estate investment trust’s stock worth $24,419,000 after buying an additional 710,120 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SKT. Barclays upped their price target on Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Compass Point downgraded Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a research note on Monday, April 20th. BMO Capital Markets upped their price target on Tanger from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Scotiabank upped their price target on Tanger from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.88.

Tanger Stock Performance

Shares of Tanger stock opened at $40.51 on Tuesday. The company has a market cap of $4.65 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. Tanger Inc. has a 52 week low of $29.24 and a 52 week high of $41.03. The business has a 50 day moving average price of $36.53 and a 200-day moving average price of $34.98. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.67.

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

Tanger Increases Dividend

The business 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. This represents a $1.25 annualized dividend and a dividend yield of 3.1%. This is a boost from Tanger’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, April 30th. Tanger’s dividend payout ratio (DPR) is currently 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.