Tanger (SKT)

• Market cap: $3.59B
• 1 day: 1.93%
• 5 days: -1.64%
• 1 month: -5.15%
• 3 months: -2.94%
• 6 months: -6.93%
• Year to date: -6.82%
• 1 year: 14.32%
• 5 years: 510.60%
• 10 years: -7.77%
• Sector: Real Estate
• Industry: Retail REIT

About: Tanger Inc is an owners and operators of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers, with a total gross leasable area of approximately 13.0 million square feet.

Employees: 425

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

57% more repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 86

9% more capital invested

Capital invested by funds: $3.14B [Q3] → $3.43B (+$294M) [Q4]

5.44% more ownership

Funds ownership: 86.54% [Q3] → 91.99% (+5.44%) [Q4]

3% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 34

2% less funds holding

Funds holding: 318 [Q3] → 312 (-6) [Q4]

11% less call options, than puts

Call options by funds: $21.3M | Put options by funds: $23.9M

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $36 14% upside
• Avg. target: $38 20% upside
• High target: $40 26% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Goldman Sachs Caitlin Burrows 44% 1-year accuracy 11 / 25 met price target	26% upside $40	Buy Upgraded	28 Mar 2025
BMO Capital Juan Sanabria 30% 1-year accuracy 3 / 10 met price target	14% upside $36	Market Perform Initiated	28 Jan 2025