Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:TCO
CUSIP87666410
Phone248-258-6800
Debt
Debt-to-Equity Ratio-18.16
Current Ratio0.39
Quick Ratio0.39
Price-To-Earnings
Trailing P/E Ratio16.93
Forward P/E Ratio16.53
P/E Growth4.13
Sales & Book Value
Annual Sales$629.16 million
Price / Sales6.09
Cash Flow$3.6839 per share
Price / Cash17.05
Book Value($2.47) per share
Price / Book-25.43
Profitability
EPS (Most Recent Fiscal Year)$3.70
Net Income$80.70 million
Net Margins11.95%
Return on Equity-41.96%
Return on Assets1.70%
Miscellaneous
Employees468
Outstanding Shares60,990,000
Market Cap$3.82 billion
Taubman Centers (NYSE:TCO) Frequently Asked Questions
What is Taubman Centers' stock symbol?
Taubman Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCO."
How often does Taubman Centers pay dividends? What is the dividend yield for Taubman Centers?
Taubman Centers declared a quarterly dividend on Thursday, May 31st. Shareholders of record on Friday, June 15th will be given a dividend of $0.655 per share on Friday, June 29th. This represents a $2.62 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, June 14th. View Taubman Centers' Dividend History.
How were Taubman Centers' earnings last quarter?
Taubman Centers, Inc. (NYSE:TCO) announced its quarterly earnings data on Monday, July, 30th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.22 by $0.03. The real estate investment trust had revenue of $152.76 million for the quarter, compared to analysts' expectations of $151.94 million. Taubman Centers had a negative return on equity of 41.96% and a net margin of 11.95%. The company's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. View Taubman Centers' Earnings History.
When is Taubman Centers' next earnings date?
What guidance has Taubman Centers issued on next quarter's earnings?
Taubman Centers issued an update on its FY18 earnings guidance on Monday, July, 30th. The company provided earnings per share guidance of $3.63-3.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.68.
What price target have analysts set for TCO?
10 equities research analysts have issued twelve-month price targets for Taubman Centers' stock. Their forecasts range from $51.50 to $66.00. On average, they anticipate Taubman Centers' share price to reach $60.6875 in the next year. This suggests that the stock has a possible downside of 3.4%. View Analyst Price Targets for Taubman Centers.
What is the consensus analysts' recommendation for Taubman Centers?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 1 sell rating, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Taubman Centers.
What are Wall Street analysts saying about Taubman Centers stock?
Here are some recent quotes from research analysts about Taubman Centers stock:
- 1. According to Zacks Investment Research, "Taubman Centers’ second-quarter 2018 adjusted funds from operations (FFO) per share of 87 cents came in line with the Zacks Consensus Estimate. Yet, the company experienced lower occupancy during the quarter. Notably, its diligent restructuring initiatives have the capacity to support growth over the long term. However, its performance in the near term is anticipated to be affected by the choppy retail real estate environment. In fact, with a rapid shift in customers’ shopping preferences and growing online purchases, mall traffic continues to suffer. These have made retailers reconsider their footprint and eventually opt for store closures. This is expected to impact demand for retail space at Taubman’s shopping centers. Also, hike in interest rates, unfavorable foreign currency movements and shareowner activism escalate its risks. Shares of the company have underperformed the industry it belongs to over the past six months." (8/13/2018)
- 2. Boenning Scattergood analysts commented, "We remain Neutral-rated on TCO though we note that the company’s shares trade at the deepest NAV discount relative to ‘A’ mall peers. Key Points: FFO In-Line: TCO reported fourth quarter NAREIT FFO of $1.02 per share and core FFO of $1.03 per share. Core FFO of $3.70 per share showed 3.4% annual growth while NAREIT FFO of $3.50 per share showed a 10.2% decline, primarily due to charges associated with shareholder activism and corporate restructuring charges." (2/12/2018)
Who are some of Taubman Centers' key competitors?
Some companies that are related to Taubman Centers include Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), HCP (HCP), ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Klepierre (KLPEF), Mid-America Apartment Communities (MAA), Regency Centers (REG), UDR (UDR), Duke Realty (DRE), SINO Ld Ltd/S (SNLAY), Iron Mountain (IRM) and Federal Realty Investment Trust (FRT).
Who are Taubman Centers' key executives?
Taubman Centers' management team includes the folowing people:
- Mr. Robert S. Taubman, Chairman, CEO & Pres (Age 64)
- Mr. Simon J. Leopold, Exec. VP, CFO & Treasurer (Age 50)
- Mr. William S. Taubman, Chief Operating Officer (Age 59)
- Mr. Paul A. Wright, Exec. VP & Global Head of Leasing (Age 47)
- Mr. Peter John Sharp, Pres of Taubman Asia Management Limited (Age 51)
Has Taubman Centers been receiving favorable news coverage?
Headlines about TCO stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Taubman Centers earned a news impact score of 0.14 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 46.34 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Taubman Centers.
Who are Taubman Centers' major shareholders?
Taubman Centers' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.37%), Cbre Clarion Securities LLC (5.42%), FMR LLC (2.73%), Long Pond Capital LP (2.18%), AMP Capital Investors Ltd (1.67%) and Dimensional Fund Advisors LP (1.59%). Company insiders that own Taubman Centers stock include Cornelia Connelly Marakovits, Craig M Hatkoff, David A Wolff, Myron E Ullman III, Robert S Taubman and William S Taubman. View Institutional Ownership Trends for Taubman Centers.
Which major investors are selling Taubman Centers stock?
TCO stock was sold by a variety of institutional investors in the last quarter, including Long Pond Capital LP, Standard Life Aberdeen plc, Russell Investments Group Ltd., Millennium Management LLC, Monarch Partners Asset Management LLC, AEW Capital Management L P, Macquarie Group Ltd. and Wells Fargo & Company MN. Company insiders that have sold Taubman Centers company stock in the last year include Craig M Hatkoff, David A Wolff, Robert S Taubman and William S Taubman. View Insider Buying and Selling for Taubman Centers.
Which major investors are buying Taubman Centers stock?
TCO stock was acquired by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Los Angeles Capital Management & Equity Research Inc., Security Capital Research & Management Inc., BlackRock Inc., Heitman Real Estate Securities LLC, FMR LLC, Renaissance Technologies LLC and American Century Companies Inc.. Company insiders that have bought Taubman Centers stock in the last two years include Cornelia Connelly Marakovits, Myron E Ullman III and Robert S Taubman. View Insider Buying and Selling for Taubman Centers.
How do I buy shares of Taubman Centers?
Shares of TCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Taubman Centers' stock price today?
One share of TCO stock can currently be purchased for approximately $62.81.
How big of a company is Taubman Centers?
Taubman Centers has a market capitalization of $3.82 billion and generates $629.16 million in revenue each year. The real estate investment trust earns $80.70 million in net income (profit) each year or $3.70 on an earnings per share basis. Taubman Centers employs 468 workers across the globe.
How can I contact Taubman Centers?
Taubman Centers' mailing address is 200 E LONG LAKE RD SUITE 300, BLOOMFIELD HILLS MI, 48304. The real estate investment trust can be reached via phone at 248-258-6800 or via email at [email protected]
MarketBeat Community Rating for Taubman Centers (NYSE TCO)
MarketBeat's community ratings are surveys of what our community members think about Taubman Centers and other stocks. Vote "Outperform" if you believe TCO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TCO will underperform the S&P 500 over the long term. You may vote once every thirty days.
