Tanger Stock Soars 12.49% on Institutional Investor Activity

On April 8, 2025, Tanger's stock surged by 12.49% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Tanger Inc. has seen a flurry of activity from institutional investors. Norges Bank recently invested $22.24 million in the company, while Sei Investments Co. decreased its holdings. Additionally, KLP acquired 22,100 shares, reflecting a mix of bullish and bearish sentiments among major investors.

Analysts have also been active in revising their outlook for Tanger. The consensus rating for the stock is "Moderate Buy" with an average price target of $36.63. Westlake analysts initiated coverage with a "Market Perform" rating and a price target of $36. These adjustments suggest a cautious optimism about the company's future performance.

Tanger's financial health remains robust, with a return on equity of 16.16% and a net margin of 18.65%. The Zacks Consensus Estimate for the company's ongoing year's FFO per share is $2.26, indicating a year-over-year growth of 6.1%. These metrics underscore the company's strong financial position and growth potential.