Tanger (NYSE:SKT) Issues FY 2026 Earnings Guidance

Tanger (NYSE:SKT) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.420-2.500 for the period, compared to the consensus EPS estimate of 2.460. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Tanger in a research note on Monday, April 20th. Scotiabank raised their target price on Tanger from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Evercore set a $37.00 target price on Tanger in a research note on Friday. Barclays raised their target price on Tanger from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, Compass Point cut Tanger from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.86.

Tanger Stock Down 2.1%

SKT traded down $0.77 on Friday, hitting $36.31. The company had a trading volume of 1,347,652 shares, compared to its average volume of 671,753. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.40 and a quick ratio of 0.40. Tanger has a 52-week low of $28.69 and a 52-week high of $37.95. The stock has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $34.25. The firm has a market capitalization of $4.16 billion, a P/E ratio of 36.31, a P/E/G ratio of 1.77 and a beta of 1.14.

Tanger (NYSE:SKT) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). Tanger had a return on equity of 17.45% and a net margin of 20.76%.The company had revenue of $150.42 million during the quarter, compared to analysts’ expectations of $142.94 million. During the same quarter last year, the business earned $0.53 earnings per share. The business’s quarterly 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 analysts expect that Tanger will post 2.46 EPS for the current fiscal year.

Tanger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 3.4%. This is a boost from Tanger’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, April 30th. Tanger’s dividend payout ratio (DPR) is 125.00%.

Trending Headlines about Tanger

Here are the key news stories impacting Tanger this week:

• Positive Sentiment: Q1 results: revenue of $150.4M (+11.1% YoY) topped estimates and FFO came in above consensus ($0.59 vs $0.57 est.), indicating underlying cash‑flow strength. Zacks: Q1 FFO and Revenues Top Estimates
• Positive Sentiment: Company raised FY‑2026 EPS guidance to $2.420–2.500 (street ~2.46), signaling management confidence in outlook after strong leasing and operations. BusinessWire: Tanger Reports First Quarter Results and Increases 2026 Guidance
• Positive Sentiment: Record leasing volume and operational metrics cited on the call support the beat-and-raise narrative, which is constructive for future rental growth and occupancy. MSN: Tanger posts beat-and-raise Q1 on record leasing volume
• Positive Sentiment: Dividend appeal: coverage highlights Tanger as a compelling dividend REIT for income investors, which can support the stock over the medium term. Zacks: Why Tanger is a Top Dividend Stock
• Neutral Sentiment: Management commentary and the full earnings transcript add context on leasing trends, portfolio performance and capital allocation; useful for shareholders deciding whether the guidance bump is sustainable. Seeking Alpha: Q1 2026 Earnings Call Transcript
• Negative Sentiment: GAAP EPS and headline EPS dynamics were weak year‑over‑year (Q1 EPS $0.24 vs $0.53 prior year), which can spook short‑term traders despite FFO strength; that mixed message likely contributed to intraday selling. Chron: Tanger: Q1 Earnings Snapshot

Hedge Funds Weigh In On Tanger

Several large investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Tanger by 3.4% during the second quarter. State Street Corp now owns 6,635,830 shares of the real estate investment trust’s stock valued at $202,924,000 after purchasing an additional 215,174 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Tanger by 11.3% during the fourth quarter. Wellington Management Group LLP now owns 2,427,912 shares of the real estate investment trust’s stock valued at $81,019,000 after purchasing an additional 245,639 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Tanger by 13.0% during the third quarter. Invesco Ltd. now owns 2,301,124 shares of the real estate investment trust’s stock valued at $77,870,000 after purchasing an additional 264,408 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tanger by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,132,775 shares of the real estate investment trust’s stock valued at $71,171,000 after purchasing an additional 98,949 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Tanger by 1.6% in the 3rd quarter. Northern Trust Corp now owns 1,972,814 shares of the real estate investment trust’s stock worth $66,760,000 after acquiring an additional 30,508 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

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.