Hsbc Holdings PLC Grows Position in Tanger Inc. $SKT

Hsbc Holdings PLC increased its stake in shares of Tanger Inc. (NYSE:SKT) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 268,603 shares of the real estate investment trust’s stock after acquiring an additional 60,035 shares during the quarter. Hsbc Holdings PLC’s holdings in Tanger were worth $8,987,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. SHP Wealth Management bought a new stake in Tanger in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 during the last quarter. Advisory Services Network LLC bought a new position in shares of Tanger during the 3rd quarter valued at about $33,000. Laurel Wealth Advisors LLC purchased a new position in shares of Tanger during the fourth quarter valued at about $34,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of Tanger during the fourth quarter valued at about $41,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Scotiabank lifted their target price on Tanger from $37.00 to $41.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Evercore set a $39.00 price target on Tanger in a report on Tuesday. Bank of America reaffirmed an “underperform” rating and issued a $38.00 price objective on shares of Tanger in a research note on Tuesday, June 16th. LADENBURG THALM/SH SH upped their price objective on Tanger from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Tanger from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.70.

Tanger Stock Down 1.7%

Shares of NYSE SKT opened at $39.22 on Thursday. The firm’s 50-day moving average price is $37.70 and its 200-day moving average price is $35.75. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 2.04 and a beta of 1.09. Tanger Inc. has a 12-month low of $29.24 and a 12-month high of $41.50.

Tanger (NYSE:SKT) last released its quarterly earnings results 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 company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. On average, equities research analysts anticipate that Tanger Inc. will post 2.48 EPS 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 3.2%. The ex-dividend date of this dividend was Thursday, April 30th. This is a positive change from Tanger’s previous quarterly dividend of $0.29. Tanger’s dividend payout ratio is 116.82%.

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.