Tanger (NYSE:SKT) Updates FY 2026 Earnings Guidance

Tanger (NYSE:SKT) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.410-2.490 for the period, compared to the consensus earnings per share estimate of 1.640. The company issued revenue guidance of -.

Tanger Stock Performance

SKT stock traded down $0.08 during trading on Tuesday, reaching $35.53. 1,260,125 shares of the company’s stock were exchanged, compared to its average volume of 1,162,795. Tanger has a 1-year low of $28.69 and a 1-year high of $36.51. The firm has a market cap of $4.09 billion, a PE ratio of 37.80, a P/E/G ratio of 1.56 and a beta of 1.18. The company’s fifty day moving average price is $33.68 and its 200-day moving average price is $33.44. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.20.

Tanger (NYSE:SKT) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Tanger had a net margin of 19.15% and a return on equity of 15.75%. Tanger has set its FY 2026 guidance at 2.410-2.490 EPS. On average, research analysts expect that Tanger will post 2.24 EPS for the current fiscal year.

Tanger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, January 30th. Tanger’s dividend payout ratio (DPR) is currently 124.47%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a research note on Wednesday, January 21st. Citigroup reaffirmed a “neutral” rating and set a $35.00 target price (down from $38.00) on shares of Tanger in a research note on Wednesday, November 19th. Scotiabank lifted their target price on Tanger from $33.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. LADENBURG THALM/SH SH raised shares of Tanger to a “strong-buy” rating in a report on Thursday, November 20th. Finally, Barclays restated a “positive” rating and set a $36.00 price objective on shares of Tanger in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Tanger presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Institutional Investors Weigh In On Tanger

Several hedge funds have recently made changes to their positions in the company. Cibc World Markets Corp purchased a new position in shares of Tanger during the fourth quarter valued at $247,000. United Services Automobile Association purchased a new stake in Tanger in the 1st quarter worth about $233,000. Cerity Partners LLC acquired a new stake in Tanger during the 2nd quarter worth about $224,000. CIBC Asset Management Inc purchased a new position in Tanger during the 4th quarter valued at about $200,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Tanger by 5.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,877 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 306 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.