MSH Capital Advisors LLC Invests $564,000 in Tanger Inc. $SKT

MSH Capital Advisors LLC purchased a new stake in Tanger Inc. (NYSE:SKT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,300 shares of the real estate investment trust’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SHP Wealth Management bought a new stake in Tanger during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Tanger by 127.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 531 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Tanger by 43.2% in the 1st quarter. Fifth Third Bancorp now owns 972 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 293 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Tanger during the 3rd quarter worth approximately $33,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Tanger during the 4th quarter worth approximately $34,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Tanger Stock Up 0.6%

Tanger stock opened at $38.54 on Thursday. The company’s 50 day simple moving average is $40.03 and its 200 day simple moving average is $37.15. Tanger Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $42.53. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.88 and a beta of 1.10. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.12 and a quick ratio of 2.12.

Tanger (NYSE:SKT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Tanger had a net margin of 20.74% and a return on equity of 17.72%. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $142.58 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. 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. As a group, sell-side analysts anticipate that Tanger Inc. will post 2.48 EPS for the current year.

Tanger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.3125 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.2%. Tanger’s dividend payout ratio is currently 113.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price objective 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. Bank of America reaffirmed an “underperform” rating and set a $38.00 target price on shares of Tanger in a report on Tuesday, June 16th. LADENBURG THALM/SH SH upped their target price on shares of Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. UBS Group set a $41.00 price target on Tanger in a research report on Thursday, June 18th. Finally, Scotiabank lifted their price objective on Tanger from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.40.

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.