41,367 Shares in Tanger Inc. $SKT Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in shares of Tanger Inc. (NYSE:SKT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,367 shares of the real estate investment trust’s stock, valued at approximately $1,400,000.

A number of other hedge funds have also recently made changes to their positions in SKT. Salomon & Ludwin LLC purchased a new position in Tanger during the third quarter valued at $26,000. EverSource Wealth Advisors LLC raised its position in shares of Tanger by 127.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 531 shares during the last quarter. City Holding Co. bought a new position in Tanger in the 3rd quarter worth about $34,000. Neo Ivy Capital Management grew its position in Tanger by 346.3% during the 2nd quarter. Neo Ivy Capital Management now owns 1,312 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Tanger during the 2nd quarter valued at about $47,000. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SKT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tanger in a report on Wednesday, January 21st. LADENBURG THALM/SH SH upgraded shares of Tanger to a “strong-buy” rating in a report on Thursday, November 20th. Citigroup reaffirmed a “neutral” rating and issued a $35.00 price objective (down from $38.00) on shares of Tanger in a research report on Wednesday, November 19th. Scotiabank increased their target price on Tanger from $33.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Barclays restated a “positive” rating and issued a $36.00 price target on shares of Tanger in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Tanger Stock Down 0.2%

Shares of Tanger stock opened at $35.53 on Wednesday. Tanger Inc. has a twelve month low of $28.69 and a twelve month high of $36.51. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.20. The company’s 50 day moving average is $33.72 and its 200 day moving average is $33.46. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18.

Tanger (NYSE:SKT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $150.95 million during the quarter, compared to analyst estimates of $143.42 million. Tanger had a net margin of 19.15% and a return on equity of 15.75%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Tanger has set its FY 2026 guidance at 2.410-2.490 EPS. Research analysts anticipate that Tanger Inc. will post 2.24 EPS for the current year.

Tanger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, January 30th. Tanger’s dividend payout ratio is 124.47%.

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.