Tanger Inc. (NYSE:SKT) Receives $39.70 Average Target Price from Analysts

Tanger Inc. (NYSE:SKT) has earned an average rating of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $39.70.

A number of research firms have recently commented on SKT. UBS Group set a $41.00 price objective on Tanger in a report on Thursday, June 18th. Bank of America reissued an “underperform” rating and set a $38.00 target price on shares of Tanger in a research report on Tuesday, June 16th. BMO Capital Markets raised their price target on shares of Tanger from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Weiss Ratings restated a “buy (b)” rating on shares of Tanger in a report on Friday, July 17th. Finally, Barclays lifted their price target on shares of Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th.

Tanger Stock Down 0.4%

Shares of SKT opened at $40.54 on Friday. Tanger has a fifty-two week low of $31.13 and a fifty-two week high of $42.53. The company’s fifty day moving average is $39.69 and its two-hundred day moving average is $36.75. The firm has a market cap of $4.66 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.67.

Tanger (NYSE:SKT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Tanger had a return on equity of 17.60% and a net margin of 20.74%.The business had revenue of $148.27 million during the quarter, compared to the consensus estimate of $142.58 million. During the same period in the prior year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. Analysts forecast that Tanger will post 2.48 earnings per share for the current year.

Tanger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 31st. Tanger’s dividend payout ratio (DPR) is currently 116.82%.

Tanger News Summary

Here are the key news stories impacting Tanger this week:

• Positive Sentiment: Quarterly results exceeded expectations: Tanger reported second-quarter EPS of $0.29 versus the $0.25 consensus estimate, while revenue increased 11.2% year over year to $148.27 million, beating expectations of $142.58 million. Funds from operations (FFO) reached $0.64 per share, above the $0.62 estimate and up from $0.58 a year earlier. Tanger Q2 FFO and Revenues Surpass Estimates
• Positive Sentiment: 2026 outlook remains favorable: Tanger forecast core FFO of $2.45 to $2.52 per share for 2026, broadly in line with the $2.48 analyst consensus, and raised its dividend. Management cited disciplined execution, continued tenant demand and additional growth from the Levis Commons property. Tanger Forecasts 2026 Core FFO
• Positive Sentiment: Traffic and leasing trends support growth: Chief Executive Stephen Yalof said World Cup tourism increased traffic and sales at Tanger centers, with properties in eight of the tournament’s 11 host cities. The company is also re-tenanting former Saks spaces, which could improve future occupancy and property productivity. Tanger CEO Says World Cup Drove Traffic and Sales
• Neutral Sentiment: Occupancy moderated: Although earnings and guidance improved, occupancy was softer, creating some concern about near-term leasing momentum. Management’s re-tenanting efforts will be important to offset that pressure. Tanger Q2 Earnings Beat Estimates
• Negative Sentiment: Limited upside in guidance: The 2026 FFO outlook is essentially in line with analyst expectations, while SKT’s elevated valuation may make investors less tolerant of any weakening in occupancy or consumer spending.

Institutional Trading of Tanger

Institutional investors have recently added to or reduced their stakes in the business. Choreo LLC increased its holdings in Tanger by 3.9% in the 2nd quarter. Choreo LLC now owns 8,129 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 308 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Tanger during the second quarter worth about $216,000. Handelsbanken Fonder AB boosted its position in shares of Tanger by 12.0% in the second quarter. Handelsbanken Fonder AB now owns 39,153 shares of the real estate investment trust’s stock worth $1,545,000 after buying an additional 4,200 shares during the period. NewEdge Advisors LLC boosted its position in shares of Tanger by 17.0% in the first quarter. NewEdge Advisors LLC now owns 118,911 shares of the real estate investment trust’s stock worth $4,041,000 after buying an additional 17,297 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Tanger by 27.8% in the first quarter. Bank of America Corp DE now owns 446,687 shares of the real estate investment trust’s stock valued at $15,178,000 after buying an additional 97,100 shares in the last quarter. 85.23% of the stock is 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.