Fieldview Capital Management LLC Purchases New Holdings in Tanger Inc. $SKT

Fieldview Capital Management LLC purchased a new stake in shares of Tanger Inc. (NYSE:SKT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,327 shares of the real estate investment trust’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SKT. EverSource Wealth Advisors LLC increased its position in shares of Tanger by 127.3% during the second quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 531 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Tanger during the third quarter valued at approximately $33,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Tanger during the fourth quarter valued at approximately $34,000. Quarry LP purchased a new stake in shares of Tanger during the third quarter valued at approximately $49,000. Finally, Assetmark Inc. increased its position in shares of Tanger by 235.9% during the fourth quarter. Assetmark Inc. now owns 1,535 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,078 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SKT has been the subject of a number of research analyst reports. Scotiabank increased their price target on Tanger from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. LADENBURG THALM/SH SH increased their price target on Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Bank of America reaffirmed a “neutral” rating and set a $39.00 price target on shares of Tanger in a research report on Friday, March 6th. Compass Point lowered Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Thursday, February 26th. Finally, Evercore set a $37.00 price objective on Tanger in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.88.

Tanger Price Performance

Tanger stock opened at $40.51 on Tuesday. Tanger Inc. has a one year low of $29.24 and a one year high of $41.03. The business has a fifty day moving average price of $36.53 and a 200-day moving average price of $34.98. The company has a debt-to-equity ratio of 2.67, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market capitalization of $4.65 billion, a P/E ratio of 37.86, a PEG ratio of 1.92 and a beta of 1.11.

Tanger (NYSE:SKT) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). Tanger had a return on equity of 17.53% and a net margin of 20.76%.The company had revenue of $150.42 million during the quarter, compared to the consensus estimate of $142.94 million. During the same period in the previous 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, equities research analysts forecast that Tanger Inc. will post 2.46 EPS for the current year.

Tanger Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.3125 per share. This is a positive change from Tanger’s previous quarterly dividend of $0.29. This represents a $1.25 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, April 30th. Tanger’s dividend payout ratio 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.