Tanger (NYSE:SKT) Releases FY 2025 Earnings Guidance

Tanger (NYSE:SKT) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.220-2.300 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

SKT has been the topic of several recent analyst reports. Bank of America upgraded shares of Tanger from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $40.00 in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Tanger in a report on Tuesday, December 17th. They issued a “hold” rating and a $37.00 price target on the stock. Compass Point increased their price objective on shares of Tanger from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on Tanger from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, BMO Capital Markets assumed coverage on Tanger in a research report on Tuesday, January 28th. They issued a “market perform” rating and a $36.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Tanger presently has an average rating of “Hold” and an average target price of $36.00.

Tanger Trading Up 5.5 %

SKT traded up $1.92 on Thursday, hitting $36.51. The company had a trading volume of 287,078 shares, compared to its average volume of 670,624. Tanger has a 12-month low of $25.94 and a 12-month high of $37.57. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 2.40. The business’s fifty day simple moving average is $33.76 and its 200 day simple moving average is $33.14. The company has a market cap of $4.04 billion, a PE ratio of 42.27, a PEG ratio of 2.88 and a beta of 1.91.

Tanger (NYSE:SKT) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Tanger had a return on equity of 16.25% and a net margin of 18.55%. The firm had revenue of $132.17 million for the quarter, compared to the consensus estimate of $129.10 million. Equities research analysts expect that Tanger will post 2.11 EPS for the current year.

Tanger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.10 annualized dividend and a dividend yield of 3.01%. Tanger’s dividend payout ratio (DPR) is presently 127.91%.

About Tanger

Tanger Inc (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger’s portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.