Osaic Holdings Inc. Has $1.70 Million Stock Holdings in Tanger Inc. $SKT

Osaic Holdings Inc. boosted its holdings in shares of Tanger Inc. (NYSE:SKT) by 99.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,459 shares of the real estate investment trust’s stock after purchasing an additional 27,704 shares during the quarter. Osaic Holdings Inc.’s holdings in Tanger were worth $1,696,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in shares of Tanger by 6.1% during the first quarter. American Century Companies Inc. now owns 39,223 shares of the real estate investment trust’s stock worth $1,325,000 after buying an additional 2,256 shares during the last quarter. Quarry LP increased its position in Tanger by 2,296.1% during the first quarter. Quarry LP now owns 3,043 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 2,916 shares during the period. Royal Bank of Canada increased its position 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 worth $4,905,000 after acquiring an additional 3,995 shares during the period. Cubist Systematic Strategies LLC raised its stake in Tanger by 121.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 193,964 shares of the real estate investment trust’s stock valued at $6,554,000 after purchasing an additional 106,283 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Tanger by 17.8% in the 1st quarter. AQR Capital Management LLC now owns 38,209 shares of the real estate investment trust’s stock valued at $1,291,000 after purchasing an additional 5,765 shares during the period. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SKT shares. Barclays boosted their price objective on shares of Tanger from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “buy (b)” rating on shares of Tanger in a research note on Wednesday, October 8th. Evercore ISI upped their price target on Tanger from $35.00 to $36.00 and gave the company an “in-line” rating in a report on Friday, October 17th. Citigroup reissued a “neutral” rating and set a $35.00 price objective (down previously from $38.00) on shares of Tanger in a report on Wednesday, November 19th. Finally, LADENBURG THALM/SH SH upgraded Tanger to a “strong-buy” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Tanger presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Tanger Stock Down 0.3%

NYSE SKT opened at $33.90 on Tuesday. Tanger Inc. has a 1-year low of $28.69 and a 1-year high of $36.76. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.04 and a beta of 1.06. The stock’s 50 day moving average is $33.47 and its two-hundred day moving average is $32.73. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 2.20.

Tanger (NYSE:SKT) last issued its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $145.21 million during the quarter, compared to analysts’ expectations of $139.30 million. Tanger had a return on equity of 15.75% and a net margin of 19.15%.Tanger’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. Tanger has set its FY 2025 guidance at 2.280-2.320 EPS. Equities analysts forecast that Tanger Inc. will post 2.24 earnings per share for the current fiscal year.

Tanger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, October 31st. Tanger’s payout ratio is currently 124.47%.

Tanger 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.