Tanger Inc. $SKT Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Tanger Inc. (NYSE:SKT) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742,185 shares of the real estate investment trust’s stock after selling 43,009 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tanger were worth $29,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in Tanger by 2.8% during the first quarter. Royal Bank of Canada now owns 145,184 shares of the real estate investment trust’s stock valued at $4,905,000 after purchasing an additional 3,995 shares during the last quarter. AQR Capital Management LLC grew its position in Tanger by 17.8% in the first quarter. AQR Capital Management LLC now owns 38,209 shares of the real estate investment trust’s stock worth $1,291,000 after buying an additional 5,765 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tanger by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,251 shares of the real estate investment trust’s stock valued at $2,171,000 after buying an additional 3,631 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Tanger during the 1st quarter valued at $233,000. Finally, Creative Planning grew its holdings in shares of Tanger by 7.3% in the 2nd quarter. Creative Planning now owns 11,045 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 756 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group set a $41.00 target price on Tanger in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Tanger from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Barclays upped their price objective on shares of Tanger from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Tanger in a report on Friday, July 17th. Finally, Citigroup lifted their target price on shares of Tanger from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tanger has a consensus rating of “Hold” and an average target price of $40.40.

Tanger Stock Down 1.5%

Tanger stock opened at $37.15 on Friday. The firm’s 50 day moving average price is $39.61 and its two-hundred day moving average price is $37.52. The firm has a market cap of $4.27 billion, a PE ratio of 33.77, a P/E/G ratio of 1.85 and a beta of 1.10. Tanger Inc. has a twelve month low of $31.13 and a twelve month 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.

Tanger (NYSE:SKT) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Tanger had a net margin of 20.74% and a return on equity of 17.72%. The business had revenue of $156.39 million for the quarter, compared to the consensus estimate of $142.58 million. During the same period in the prior year, the business posted $0.58 earnings per share. Tanger’s revenue for the quarter was up 11.2% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. On average, research analysts predict that Tanger Inc. will post 2.48 EPS for the current fiscal year.

Tanger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, July 31st. Tanger’s dividend payout ratio is presently 113.64%.

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.