Tanger (NYSE:SKT) Releases Quarterly Earnings Results, Beats Expectations By $0.39 EPS

Tanger (NYSE:SKT) announced its earnings results on Tuesday. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39, Zacks reports. Tanger had a net margin of 20.76% and a return on equity of 17.53%. Tanger updated its FY 2026 guidance to 2.450-2.520 EPS.

Tanger Price Performance

Tanger stock traded up $0.08 during trading hours on Tuesday, hitting $40.83. 1,416,778 shares of the stock were exchanged, compared to its average volume of 989,479. The company has a debt-to-equity ratio of 2.67, a quick ratio of 3.36 and a current ratio of 3.36. The stock has a market capitalization of $4.69 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.08 and a beta of 1.09. Tanger has a 12 month low of $30.62 and a 12 month high of $42.53. The business’s 50-day moving average is $39.50 and its two-hundred day moving average is $36.65.

Tanger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a $0.3125 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.25 dividend on an annualized basis and a yield of 3.1%. Tanger’s payout ratio is 116.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SKT. UBS Group set a $41.00 price target on shares of Tanger in a research report on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a report on Friday, July 17th. LADENBURG THALM/SH SH upped their price objective on Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Barclays increased their target price on Tanger from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Tanger from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.70.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Tanger by 127.3% during the 2nd 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 in the last quarter. Advisory Services Network LLC acquired a new position in Tanger in the third quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new position in Tanger in the fourth quarter worth $41,000. Quarry LP bought a new stake in shares of Tanger during the third quarter worth $49,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Tanger during the third quarter worth $77,000. 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.