TANGER INC.
No SEC Form 4 filings for $SKT in the last 30 days.
Truist Financial Corp significantly reduced its stake in Tanger Inc. by selling 54,259 shares, leaving it with a holding valued at $243,000. Meanwhile, other hedge funds increased their positions in Tanger, and the company reported mixed quarterly results but raised its dividend. Analysts currently rate Tanger Inc. as a "Hold" with an average price target of $37.43.
Tanger Inc. (NYSE:SKT) significantly beat Q1 analyst estimates for Core FFO and revenue, reporting $0.59 per share versus a $0.31 estimate, driven by strong occupancy and tenant sales. The company also raised its full-year 2026 FFO guidance and increased its quarterly dividend. This positive performance reflects a strong rebound in physical retail, with shares gaining in after-market trading.
Tanger Inc. reported strong first-quarter 2026 results and raised its full-year outlook, with net income rising to $28.1 million and FFO increasing to $0.59 per share. The company achieved 97.0% occupancy and a 2.6% increase in Same Center NOI, demonstrating healthy operational performance and successful leasing efforts. Tanger also increased its annualized dividend by 6.8% to $1.25 per share and completed significant financing transactions, enhancing its liquidity to over $1 billion.
