Tanger (NYSE:SKT) Issues FY 2026 Earnings Guidance

Tanger (NYSE:SKT) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.410-2.490 for the period, compared to the consensus earnings per share estimate of 1.640. The company issued revenue guidance of -.

Analyst Ratings Changes

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

Tanger Stock Performance

SKT traded down $0.08 on Tuesday, hitting $35.53. The company had a trading volume of 1,260,125 shares, compared to its average volume of 1,162,795. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.51 and a quick ratio of 0.51. The company’s fifty day moving average price is $33.68 and its 200 day moving average price is $33.44. Tanger has a 1-year low of $28.69 and a 1-year high of $36.51.

Tanger (NYSE:SKT) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Tanger had a net margin of 19.15% and a return on equity of 15.75%. Tanger has set its FY 2026 guidance at 2.410-2.490 EPS. Equities analysts predict that Tanger will post 2.24 earnings per share for the current fiscal year.

Tanger Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Summit Global Investments bought a new stake in shares of Tanger in the fourth quarter valued at approximately $691,000. Mackenzie Financial Corp increased its position in Tanger by 44.4% during the fourth quarter. Mackenzie Financial Corp now owns 10,846 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 3,337 shares during the period. Empowered Funds LLC acquired a new position in Tanger during the 4th quarter valued at $118,000. Garton & Associates Financial Advisors LLC bought a new stake in Tanger in the 4th quarter valued at $41,000. Finally, Wellington Management Group LLP grew its position in Tanger by 11.3% in the 4th quarter. Wellington Management Group LLP now owns 2,427,912 shares of the real estate investment trust’s stock worth $81,019,000 after purchasing an additional 245,639 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Tanger Company 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.