Tanger (NYSE:SKT) Updates FY 2025 Earnings Guidance

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

Wall Street Analysts Forecast Growth

SKT has been the subject of several research analyst reports. Bank of America upgraded Tanger from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $40.00 in a research report on Monday, November 11th. The Goldman Sachs Group upped their target price on shares of Tanger from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Evercore ISI raised their target price on shares of Tanger from $31.00 to $33.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Citigroup boosted their price target on Tanger from $34.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Compass Point raised their price objective on Tanger from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Tanger currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Tanger Stock Up 5.5 %

SKT stock traded up $1.92 during trading on Thursday, hitting $36.51. 287,078 shares of the company’s stock traded hands, compared to its average volume of 670,624. The business has a fifty day simple moving average of $33.76 and a two-hundred day simple moving average of $33.14. 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 firm has a market capitalization of $4.04 billion, a P/E ratio of 42.27, a PEG ratio of 2.88 and a beta of 1.91. Tanger has a 1 year low of $25.94 and a 1 year high of $37.57.

Tanger (NYSE:SKT) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Tanger had a net margin of 18.55% and a return on equity of 16.25%. The company had revenue of $132.17 million during the quarter, compared to analysts’ expectations of $129.10 million. Sell-side analysts anticipate that Tanger will post 2.11 EPS for the current year.

Tanger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.275 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.01%. Tanger’s payout ratio is 127.91%.

Tanger Company Profile

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.