Tanger (NYSE:SKT) Issues Quarterly Earnings Results, Beats Estimates By $0.39 EPS

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

Tanger Trading Up 0.2%

SKT traded up $0.08 during mid-day trading on Tuesday, hitting $40.83. 1,416,778 shares of the stock were exchanged, compared to its average volume of 989,479. The firm’s fifty day moving average is $39.50 and its two-hundred day moving average is $36.65. Tanger has a 1-year low of $30.62 and a 1-year high of $42.53. 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 company has a market cap of $4.69 billion, a PE ratio of 38.16, a PEG ratio of 2.08 and a beta of 1.09.

Tanger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.25 annualized dividend and a yield of 3.1%. Tanger’s dividend payout ratio is presently 116.82%.

Hedge Funds Weigh In On Tanger

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Tanger by 127.3% in the second 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 shares of Tanger in the third quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Tanger in the fourth quarter worth $41,000. Quarry LP purchased a new stake in shares of Tanger during the third quarter worth $49,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Tanger during the third quarter worth $77,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SKT has been the topic of several recent analyst reports. Scotiabank upped their price target on Tanger from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Weiss Ratings restated a “buy (b)” rating on shares of Tanger in a report on Friday, July 17th. Barclays upped their target price on shares of Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. BMO Capital Markets increased their target price on shares of Tanger from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. Finally, UBS Group set a $41.00 price target on shares of Tanger in a research report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Tanger presently has an average rating of “Hold” and an average target price of $39.70.

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.