M&T Bank Corp Buys Shares of 17,836 Tanger Inc. $SKT

M&T Bank Corp bought a new stake in shares of Tanger Inc. (NYSE:SKT) during the 4th quarter, HoldingsChannel.com reports. The firm bought 17,836 shares of the real estate investment trust’s stock, valued at approximately $595,000.

Several other large investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Tanger by 10.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 29,823 shares of the real estate investment trust’s stock valued at $995,000 after purchasing an additional 2,925 shares during the period. Meritage Portfolio Management increased its stake in shares of Tanger by 15.6% in the fourth quarter. Meritage Portfolio Management now owns 12,050 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 1,624 shares during the last quarter. Novem Group increased its stake in shares of Tanger by 1.4% in the fourth quarter. Novem Group now owns 30,426 shares of the real estate investment trust’s stock worth $1,015,000 after acquiring an additional 424 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Tanger by 43.7% in the fourth quarter. Evergreen Capital Management LLC now owns 9,352 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 2,844 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tanger by 11.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,595 shares of the real estate investment trust’s stock worth $2,723,000 after acquiring an additional 8,559 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Tanger from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Compass Point downgraded shares of Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Thursday, February 26th. Bank of America reaffirmed a “neutral” rating and issued a $39.00 price target on shares of Tanger in a research note on Friday, March 6th. Scotiabank upped their price target on shares of Tanger from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Finally, Evercore set a $37.00 price target on shares of Tanger in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tanger currently has an average rating of “Hold” and an average target price of $36.86.

Tanger News Summary

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

Tanger Trading Down 2.1%

Shares of NYSE:SKT opened at $36.31 on Friday. The stock has a market capitalization of $4.16 billion, a PE ratio of 36.31, a P/E/G ratio of 1.77 and a beta of 1.14. Tanger Inc. has a 1 year low of $28.69 and a 1 year high of $37.95. The firm has a fifty day moving average price of $35.83 and a 200 day moving average price of $34.25. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.17.

Tanger (NYSE:SKT) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The business had revenue of $150.42 million during the quarter, compared to the consensus estimate of $142.94 million. Tanger had a return on equity of 17.45% and a net margin of 20.76%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Tanger has set its FY 2026 guidance at 2.420-2.500 EPS. Analysts expect that Tanger Inc. will post 2.46 EPS for the current fiscal year.

Tanger Increases Dividend

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

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.