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 2.450-2.520 for the period, compared to the consensus earnings per share estimate of 2.480. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SKT. Bank of America restated an “underperform” rating and issued a $38.00 price objective on shares of Tanger in a report on Tuesday, June 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Tanger in a research report on Friday, July 17th. UBS Group set a $41.00 price target on shares of Tanger in a research report on Thursday, June 18th. Evercore set a $39.00 price objective on shares of Tanger in a research report on Tuesday, July 7th. Finally, LADENBURG THALM/SH SH raised their target price on shares of Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.70.

Tanger Stock Down 2.5%

Shares of SKT traded down $1.02 during mid-day trading on Thursday, reaching $39.53. 303,754 shares of the stock traded hands, compared to its average volume of 985,081. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 2.08 and a beta of 1.10. The stock has a fifty day simple moving average of $39.69 and a 200 day simple moving average of $36.75. 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 has a 12-month low of $31.13 and a 12-month high of $42.53.

Tanger (NYSE:SKT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $156.39 million for the quarter, compared to the consensus estimate of $142.58 million. Tanger had a net margin of 20.74% and a return on equity of 17.60%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. Sell-side analysts expect that Tanger will post 2.48 EPS for the current fiscal year.

Tanger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, July 31st. Tanger’s dividend payout ratio is 116.82%.

Hedge Funds Weigh In On Tanger

A number of large investors have recently bought and sold shares of SKT. Royal Bank of Canada grew its stake in Tanger by 2.8% during the 1st quarter. Royal Bank of Canada now owns 145,184 shares of the real estate investment trust’s stock worth $4,905,000 after buying an additional 3,995 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Tanger by 17.8% during the first quarter. AQR Capital Management LLC now owns 38,209 shares of the real estate investment trust’s stock worth $1,291,000 after acquiring an additional 5,765 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Tanger by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,251 shares of the real estate investment trust’s stock worth $2,171,000 after purchasing an additional 3,631 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Tanger during the first quarter valued at about $233,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Tanger by 436.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 801,200 shares of the real estate investment trust’s stock worth $27,073,000 after purchasing an additional 651,961 shares during the period. Institutional investors own 85.23% of the company’s stock.

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.