52,072 Shares in Tanger Inc. $SKT Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new stake in Tanger Inc. (NYSE:SKT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 52,072 shares of the real estate investment trust’s stock, valued at approximately $1,738,000.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of Tanger by 31.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 154,759 shares of the real estate investment trust’s stock valued at $5,124,000 after buying an additional 37,163 shares during the last quarter. Truist Financial Corp raised its position in shares of Tanger by 736.7% in the third quarter. Truist Financial Corp now owns 61,533 shares of the real estate investment trust’s stock valued at $2,082,000 after buying an additional 54,179 shares during the last quarter. American Century Companies Inc. raised its position in shares of Tanger by 1,459.4% in the third quarter. American Century Companies Inc. now owns 787,880 shares of the real estate investment trust’s stock valued at $26,662,000 after buying an additional 737,354 shares during the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Tanger by 131.6% in the third quarter. Elo Mutual Pension Insurance Co now owns 35,714 shares of the real estate investment trust’s stock valued at $1,209,000 after buying an additional 20,292 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Tanger by 26.6% in the third quarter. JPMorgan Chase & Co. now owns 984,836 shares of the real estate investment trust’s stock valued at $33,327,000 after buying an additional 207,199 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on SKT. Compass Point cut shares of Tanger from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Tanger in a research report on Monday, April 20th. Bank of America reiterated a “neutral” rating and issued a $39.00 target price on shares of Tanger in a research report on Friday, March 6th. Evercore set a $37.00 target price on shares of Tanger in a research report on Friday, May 1st. Finally, Scotiabank increased their target price on shares of Tanger from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.43.

Tanger Price Performance

Shares of SKT opened at $35.89 on Wednesday. Tanger Inc. has a 1-year low of $28.69 and a 1-year high of $37.95. The stock has a market cap of $4.12 billion, a PE ratio of 33.54, a P/E/G ratio of 1.68 and a beta of 1.14. The firm has a 50-day simple moving average of $35.67 and a two-hundred day simple moving average of $34.59. The company has a debt-to-equity ratio of 2.67, a current ratio of 3.36 and a quick ratio of 3.36.

Tanger (NYSE:SKT) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). Tanger had a net margin of 20.76% and a return on equity of 17.53%. The company had revenue of $150.42 million for the quarter, compared to analyst estimates of $142.94 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. Tanger’s revenue was up 11.1% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. As a group, analysts forecast that Tanger Inc. will post 2.46 EPS for the current year.

Tanger Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a dividend of $0.3125 per share. This is a boost from Tanger’s previous quarterly dividend of $0.29. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, April 30th. Tanger’s dividend payout ratio (DPR) is 116.82%.

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.