Tanger (NYSE:SKT) Releases Earnings Results, Misses Estimates By $0.04 EPS
by Jessica Moore · The Cerbat GemTanger (NYSE:SKT – Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04), FiscalAI reports. Tanger had a return on equity of 17.45% and a net margin of 20.76%.The company had revenue of $150.42 million for the quarter, compared to analyst estimates of $142.94 million. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Tanger updated its FY 2026 guidance to 2.420-2.500 EPS.
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 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This is a boost from Tanger’s previous quarterly dividend of $0.29. This represents a $1.25 annualized dividend and a dividend yield of 3.4%. Tanger’s payout ratio is 125.00%.
Hedge Funds Weigh In On Tanger
A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Tanger by 127.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 531 shares during the period. Advisory Services Network LLC bought a new stake in Tanger in the 3rd quarter worth approximately $33,000. Garton & Associates Financial Advisors LLC bought a new stake in Tanger in the 4th quarter worth approximately $41,000. Quarry LP bought a new stake in Tanger in the 3rd quarter worth approximately $49,000. Finally, Johnson Financial Group Inc. bought a new stake in Tanger in the 3rd quarter worth approximately $77,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on SKT. Compass Point cut Tanger from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Thursday, February 26th. Evercore set a $37.00 price objective on Tanger in a report on Friday. Barclays lifted their price objective on Tanger from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Scotiabank lifted their price objective on Tanger from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. Finally, Bank of America restated a “neutral” rating and set a $39.00 price objective on shares of Tanger in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.86.
Tanger News Roundup
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
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.