Tanger (NYSE:SKT) Sees Unusually-High Trading Volume – Here’s What Happened

08 Jan 2026, 19:19 by Danessa Lincoln · The Markets Daily

Shares of Tanger Inc. (NYSE:SKT – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 2,050,329 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 962,412 shares.The stock last traded at $35.0330 and had previously closed at $33.92.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SKT. Barclays raised their price objective on Tanger from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 18th. Evercore ISI raised their target price on shares of Tanger from $35.00 to $36.00 and gave the stock an “in-line” rating in a report on Friday, October 17th. LADENBURG THALM/SH SH raised shares of Tanger to a “strong-buy” rating in a research report on Thursday, November 20th. Citigroup restated a “neutral” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Tanger in a research report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Tanger in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tanger has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

View Our Latest Research Report on Tanger

Tanger Trading Up 1.7%

The firm has a market cap of $3.97 billion, a PE ratio of 36.68, a PEG ratio of 1.96 and a beta of 1.06. The stock’s fifty day simple moving average is $33.53 and its two-hundred day simple moving average is $32.90. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.20.

Tanger (NYSE:SKT – Get Free Report) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Tanger had a net margin of 19.15% and a return on equity of 15.75%. The business had revenue of $145.21 million for the quarter, compared to analysts’ expectations of $139.30 million. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Tanger has set its FY 2025 guidance at 2.280-2.320 EPS. On average, sell-side analysts forecast that Tanger Inc. will post 2.24 EPS for the current fiscal year.

Tanger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a dividend of $0.2925 per share. The ex-dividend date was Friday, October 31st. This represents a $1.17 annualized dividend and a yield of 3.4%. Tanger’s payout ratio is 124.47%.

Institutional Investors Weigh In On Tanger

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Tanger by 3.4% in the second quarter. State Street Corp now owns 6,635,830 shares of the real estate investment trust’s stock worth $202,924,000 after purchasing an additional 215,174 shares during the period. Geode Capital Management LLC lifted its position in shares of Tanger by 2.4% in the second quarter. Geode Capital Management LLC now owns 2,841,121 shares of the real estate investment trust’s stock valued at $86,892,000 after acquiring an additional 65,599 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tanger by 13.0% in the third quarter. Invesco Ltd. now owns 2,301,124 shares of the real estate investment trust’s stock valued at $77,870,000 after acquiring an additional 264,408 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Tanger by 18.0% in the third quarter. Wellington Management Group LLP now owns 2,182,273 shares of the real estate investment trust’s stock worth $73,848,000 after acquiring an additional 332,387 shares during the period. Finally, Northern Trust Corp raised its stake in Tanger by 1.6% during the 3rd quarter. Northern Trust Corp now owns 1,972,814 shares of the real estate investment trust’s stock valued at $66,760,000 after purchasing an additional 30,508 shares during the period. Institutional investors own 85.23% of the company’s stock.

Tanger Company Profile

(Get Free Report)

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.