Taubman Centers Company Profile (NYSE:TCO)

About Taubman Centers

Taubman Centers logoTaubman Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's segment is focused on owning, developing and managing regional shopping centers. The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Company's portfolio of operating centers consists of approximately 19 urban and suburban shopping centers in over 10 states and Puerto Rico. The consolidated businesses consist of shopping centers and entities that are controlled by ownership or contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia). Its centers are located in metropolitan areas, in communities, including Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Salt Lake City, San Francisco, San Juan, Sarasota, St. Louis, Tampa, and Washington, D.C.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: TCO
  • CUSIP: 87666410
Key Metrics:
  • Previous Close: $76.48
  • 50 Day Moving Average: $77.34
  • 200 Day Moving Average: $73.32
  • 52-Week Range: $60,394,000.00 - $63.32
  • Trailing P/E Ratio: 40.25
  • Foreward P/E Ratio: 19.46
  • P/E Growth: 2.85
  • Market Cap: $4.62B
  • Outstanding Shares: 60,394,000
  • Beta: 0.91
Profitability:
  • Net Margins: 21.45%
  • Return on Equity: 173.60%
  • Return on Assets: 3.50%
Debt:
  • Debt-to-Equity Ratio: -68.00%
  • Current Ratio: 0.42%
  • Quick Ratio: 0.42%
Additional Links:
Companies Related to Taubman Centers:

Analyst Ratings

Consensus Ratings for Taubman Centers (NYSE:TCO) (?)
Ratings Breakdown: 6 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.54)
Consensus Price Target: $83.55 (9.24% upside)

Analysts' Ratings History for Taubman Centers (NYSE:TCO)
Show:
DateFirmActionRatingPrice TargetDetails
9/1/2016MizuhoReiterated RatingBuy$89.00View Rating Details
8/31/2016Jefferies GroupBoost Price TargetHold$73.00 -> $78.00View Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralView Rating Details
8/11/2016Morgan StanleySet Price TargetBuy$81.00View Rating Details
8/10/2016Credit Suisse Group AGReiterated RatingBuy$85.00View Rating Details
8/5/2016Citigroup Inc.Boost Price TargetNeutral$76.00 -> $79.00View Rating Details
5/2/2016Oppenheimer Holdings Inc.Reiterated RatingBuyView Rating Details
3/21/2016Evercore ISIBoost Price TargetHold$74.00 -> $76.00View Rating Details
1/27/2016Boenning ScattergoodInitiated CoverageNeutralView Rating Details
1/5/2016Deutsche Bank AGBoost Price TargetHold$75.00 -> $79.00View Rating Details
12/17/2015JPMorgan Chase & Co.UpgradeNeutral -> Overweight$82.00 -> $86.00View Rating Details
11/9/2015KeyCorpReiterated RatingBuy$82.00 -> $86.00View Rating Details
10/14/2015Cowen and CompanyUpgradeMarket Perform -> Outperform$72.50 -> $95.00View Rating Details
9/17/2015Raymond James Financial Inc.Initiated CoverageMarket PerformView Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetBuy$81.00 -> $78.00View Rating Details
(Data available from 9/25/2014 forward)

Earnings

Earnings History for Taubman Centers (NYSE:TCO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2016        
7/28/2016Q216$0.99$1.04$147.45 million$158.90 millionViewN/AView Earnings Details
5/2/2016Q116$0.85$0.84$139.81 million$139.46 millionViewN/AView Earnings Details
2/10/2016Q415$0.93$0.98$154.09 million$156.22 millionViewListenView Earnings Details
10/26/2015Q315$0.78$0.86$138.50 millionViewListenView Earnings Details
7/30/2015Q215$0.72$0.76$129.07 million$131.97 millionViewListenView Earnings Details
4/30/2015Q115$0.75$0.81$129.13 million$129.00 millionViewN/AView Earnings Details
2/12/2015Q414$0.84$1.00$155.73 million$211.80 millionViewN/AView Earnings Details
10/30/2014Q314$0.90$0.91$171.30 million$176.04 millionViewN/AView Earnings Details
7/30/2014Q214$0.81$0.86$168.14 million$170.00 millionViewN/AView Earnings Details
4/24/2014Q114$0.90$0.90$175.54 million$174.78 millionViewN/AView Earnings Details
2/11/2014Q413$1.07$1.11$208.37 million$211.77 millionViewN/AView Earnings Details
10/25/2013Q313$0.88$0.89$189.44 million$193.93 millionViewListenView Earnings Details
7/26/2013Q213$0.79$0.75$179.60 million$178.19 millionViewListenView Earnings Details
4/26/2013Q113$0.85$0.90$173.36 million$183.25 millionViewListenView Earnings Details
2/14/2013Q412$0.98$1.00$188.18 million$209.71 millionViewListenView Earnings Details
10/24/2012Q312$0.75$0.86$172.64 millionViewN/AView Earnings Details
7/26/2012$0.69$0.73ViewN/AView Earnings Details
4/26/2012$0.69$0.75ViewN/AView Earnings Details
10/20/2011$0.63$0.65ViewN/AView Earnings Details
7/19/2011$0.63$0.67ViewN/AView Earnings Details
4/20/2011$0.58$0.63ViewN/AView Earnings Details
2/10/2011$0.97$1.06ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Taubman Centers (NYSE:TCO)
Current Year EPS Consensus Estimate: $3.75 EPS
Next Year EPS Consensus Estimate: $3.93 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20165$0.83$0.92$0.86
Q2 20165$0.80$0.88$0.84
Q3 20163$0.87$0.90$0.88
Q4 20163$1.03$1.10$1.07
Q1 20172$0.91$0.92$0.92
Q2 20172$0.84$0.93$0.89
Q3 20171$1.00$1.00$1.00
Q4 20171$1.14$1.14$1.14
Q1 20181$1.02$1.02$1.02
Q2 20181$1.01$1.01$1.01
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Taubman Centers (NYSE:TCO)
Annual Dividend:$2.38
Dividend Yield:3.11%
Dividend Growth:6.90% (3 Year Average)
Payout Ratio:126.60% (Based on Trailing 12 Months of Earnings)
63.47% (Based on Current Year Consensus EPS Estimate)
60.56% (Based on Next Year Consensus EPS Estimate)
Track Record:6 Years of Consecutive Dividend Growth

Dividend History for Taubman Centers (NYSE:TCO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/1/2016quarterly$0.609/13/20169/15/20169/30/2016
6/1/2016quarterly$0.606/13/20166/15/20166/30/2016
3/3/2016quarterly$0.603/11/20163/15/20163/31/2016
12/3/2015quarterly$0.5712/11/201512/15/201512/31/2015
9/3/2015quarterly$0.579/11/20159/15/20159/30/2015
5/29/2015quarterly$0.572.99%6/11/20156/15/20156/30/2015
3/10/2015quarterly$0.572.93%3/18/20153/20/20153/31/2015
12/2/2014special$4.752.7%12/11/201412/15/201412/31/2014
9/4/2014quarterly$0.542.81%9/11/20149/15/20149/30/2014
5/22/2014quarterly$0.542.91%6/12/20146/16/20146/30/2014
3/6/2014quarterly$0.543.12%3/13/20143/17/20143/31/2014
12/4/2013quarterly$0.503.01%12/12/201312/16/201312/31/2013
8/26/2013quarterly$0.502.92%9/12/20139/16/20139/30/2013
5/29/2013quarterly$0.502.44%6/12/20136/14/20136/28/2013
3/8/2013quarterly$0.502.57%3/14/20133/18/20133/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Taubman Centers (NYSE:TCO)
Insider Ownership Percentage: 31.20%
Institutional Ownership Percentage: 96.95%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/3/2016David A. WolffCAOSell794$70.06$55,627.64View SEC Filing  
3/21/2016Robert S TaubmanCEOBuy2,240$70.21$157,270.40View SEC Filing  
2/18/2016William S TaubmanCOOSell34,876$68.13$2,376,101.88View SEC Filing  
1/4/2016Lisa A PayneDirectorSell1,250$76.03$95,037.50View SEC Filing  
12/16/2015Lisa A PayneCFOSell1,250$75.00$93,750.00View SEC Filing  
11/2/2015Lisa A PayneCFOSell1,250$76.89$96,112.50View SEC Filing  
10/6/2015Lisa A PayneCFOSell2,500$75.00$187,500.00View SEC Filing  
6/1/2015Lisa A PayneCFOSell1,250$75.00$93,750.00View SEC Filing  
5/4/2015Lisa A PayneCFOSell1,250$75.00$93,750.00View SEC Filing  
4/1/2015Lisa A PayneCFOSell1,250$77.13$96,412.50View SEC Filing  
3/16/2015Robert S TaubmanCEOBuy7,100$78.61$558,131.00View SEC Filing  
3/13/2015William S TaubmanCOOBuy12,100$77.42$936,782.00View SEC Filing  
3/10/2015Lisa A PayneCFOSell1,250$75.00$93,750.00View SEC Filing  
3/2/2015Robert S TaubmanCEOBuy5,555$73.16$406,403.80View SEC Filing  
3/2/2015William S TaubmanCOOBuy3,365$73.16$246,183.40View SEC Filing  
2/2/2015Lisa A PayneCFOSell4,000$81.50$326,000.00View SEC Filing  
1/2/2015Lisa A PayneCFOSell4,000$76.60$306,400.00View SEC Filing  
12/1/2014Lisa A PayneCFOSell4,000$79.05$316,200.00View SEC Filing  
11/3/2014Lisa A PayneCFOSell4,000$76.27$305,080.00View SEC Filing  
10/1/2014Lisa A PayneCFOSell4,000$72.82$291,280.00View SEC Filing  
9/2/2014Lisa A PayneCFOSell4,000$76.19$304,760.00View SEC Filing  
8/1/2014Lisa A PayneCFOSell4,000$73.22$292,880.00View SEC Filing  
7/1/2014Lisa A PayneCFOSell4,000$75.63$302,520.00View SEC Filing  
6/2/2014Lisa A PayneCFOSell4,000$74.73$298,920.00View SEC Filing  
5/1/2014Lisa PayneCFOSell4,000$72.85$291,400.00View SEC Filing  
4/1/2014Lisa PayneCFOSell4,000$70.76$283,040.00View SEC Filing  
3/3/2014Lisa PayneCFOSell4,000$69.91$279,640.00View SEC Filing  
7/19/2013Lisa A PayneCFOSell4,500$80.00$360,000.00View SEC Filing  
6/3/2013Lisa A PayneCFOSell4,500$80.13$360,585.00View SEC Filing  
3/25/2013Robert R ReeseVPSell24,992$75.60$1,889,395.20View SEC Filing  
12/27/2012Stephen J KierasVPSell174,688$78.48$13,709,514.24View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Taubman Centers (NYSE:TCO)
DateHeadline
News IconWere Analysts Bearish Taubman Centers, Inc. (NYSE:TCO) This Week? - Post News (NYSE:TCO)
www.kentuckypostnews.com - September 21 at 7:06 PM
News IconTaubman Centers, Inc. Announces Quarterly Dividend of $0.60 ... - DailyQuint (NYSE:TCO)
dailyquint.com - September 18 at 10:37 AM
4-traders.com logoTaubman Centers : Schedules Third Quarter Earnings Release and Conference Call (NYSE:TCO)
www.4-traders.com - September 15 at 11:17 AM
investornewswire.com logoTaubman Centers, Inc. (NYSE:TCO) Bullish Price Target At - Investor Newswire (NYSE:TCO)
www.investornewswire.com - September 14 at 7:47 PM
finance.yahoo.com logoTaubman Centers Unit Opens Starfield Hanam in South Korea - Yahoo Finance (NYSE:TCO)
finance.yahoo.com - September 14 at 7:47 PM
publicnow.com logoTaubman Schedules Third Quarter Earnings Release and Conference Call (NYSE:TCO)
www.publicnow.com - September 14 at 11:58 AM
News IconPeter J. Sharp will assume the position of President, Taubman Asia (NYSE:TCO)
eprretailnews.com - September 13 at 10:33 AM
News IconWhat is the Sell-side Saying About Taubman Centers, Inc. (NYSE:TCO)? - Frisco Fastball (NYSE:TCO)
friscofastball.com - September 12 at 7:08 PM
biz.yahoo.com logoTAUBMAN CENTERS INC Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statements (NYSE:TCO)
biz.yahoo.com - September 12 at 7:08 PM
investornewswire.com logoBrokerage Firm Ratings Update On Taubman Centers, Inc. (NYSE:TCO) - Investor Newswire (NYSE:TCO)
www.investornewswire.com - September 12 at 10:37 AM
businesswire.com logoPeter J. Sharp Named President of Taubman Asia - Business Wire (press release) (NYSE:TCO)
www.businesswire.com - September 12 at 10:37 AM
publicnow.com logoPeter J. Sharp Named President of Taubman Asia (NYSE:TCO)
www.publicnow.com - September 12 at 10:37 AM
nasdaq.com logoEx-Dividend Reminder: Simmons First National, Stewart Information Services and Taubman Centers (NYSE:TCO)
www.nasdaq.com - September 11 at 10:39 AM
nasdaq.com logoCash Dividend On The Way From Taubman Centers Series J Cumulative Redeemable Preferred Stock (NYSE:TCO)
www.nasdaq.com - September 10 at 10:31 AM
publicnow.com logoTaubman Asia and Shinsegae Group Celebrate the Opening of Starfield Hanam Shopping Center Today (NYSE:TCO)
www.publicnow.com - September 9 at 10:28 AM
publicnow.com logoTaubman Centers to Present at the Bank of America Merrill Lynch 2016 Global Real Estate Conference (NYSE:TCO)
www.publicnow.com - September 7 at 11:26 AM
News IconTaubman Centers, Inc. declares regular quarterly dividend of $0.595 per share of common stock (NYSE:TCO)
eprretailnews.com - September 2 at 11:55 AM
publicnow.com logoTaubman Centers Declares Common and Preferred Dividends (NYSE:TCO)
www.publicnow.com - September 1 at 7:35 PM
publicnow.com logoTaubman Named As a 2016 Cool Place to Work in Michigan (NYSE:TCO)
www.publicnow.com - September 1 at 7:35 PM
fidaily.com logoBTIG Research Starts Coverage on Taubman Centers, Inc. (TCO) With A Rating Of "Neutral" - Finance Daily (NYSE:TCO)
www.fidaily.com - August 31 at 10:58 AM
finance.yahoo.com logoTaubman (TCO) Opens Overhauled International Market Place (NYSE:TCO)
finance.yahoo.com - August 29 at 10:50 AM
News IconBTIG Research Initiates Coverage at Taubman Centers Inc. (NYSE: TCO) - BNB Daily (blog) (NYSE:TCO)
www.baseball-news-blog.com - August 26 at 7:21 PM
finance.yahoo.com logoInternational Market Place Celebrates Grand Opening Today in Waikīkī (NYSE:TCO)
finance.yahoo.com - August 25 at 7:59 PM
News IconTaubman Centers, Inc. (NYSE:TCO) - The Sell-Side Views in Focus - Post News (NYSE:TCO)
www.kentuckypostnews.com - August 23 at 12:14 PM
finance.yahoo.com logoBetter Buy: Tanger Factory Outlet Versus Taubman Centers (NYSE:TCO)
finance.yahoo.com - August 22 at 10:47 AM
News IconHow the Crowd & Sell-side View Taubman Centers, Inc. (NYSE:TCO) Shares - Post News (NYSE:TCO)
www.kentuckypostnews.com - August 19 at 7:38 PM
News IconA look at Estimates for Taubman Centers, Inc. (NYSE:TCO) - Post News (NYSE:TCO)
www.kentuckypostnews.com - August 18 at 10:49 AM
News IconWhat are Analysts Expecting for Taubman Centers, Inc. (NYSE:TCO) Earnings? - Post News (NYSE:TCO)
www.kentuckypostnews.com - August 17 at 8:04 PM
tradecalls.org logoShares of Taubman Centers (TCO) Sees Large Outflow of Money (NYSE:TCO)
www.tradecalls.org - August 10 at 10:52 AM
capitalcube.com logoTaubman Centers, Inc. :TCO-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NYSE:TCO)
www.capitalcube.com - August 10 at 10:52 AM
finance.yahoo.com logoTAUBMAN CENTERS INC Financials (NYSE:TCO)
finance.yahoo.com - August 4 at 8:11 PM
equities.com logoTaubman Centers Inc. (TCO) is Trading Higher on Unusual Volume for August 01 - Equities.com (NYSE:TCO)
www.equities.com - August 3 at 11:01 AM
streetreport.co logoTaubman Centers, Inc. (NYSE:TCO) nearing 52-week high, short interest decreasing - Street Report (NYSE:TCO)
www.streetreport.co - August 2 at 10:40 AM
finance.yahoo.com logoEdited Transcript of TCO earnings conference call or presentation 29-Jul-16 2:00pm GMT (NYSE:TCO)
finance.yahoo.com - July 30 at 10:51 PM
seekingalpha.com logoTaubman Centers' (TCO) CEO Robert Taubman on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:TCO)
seekingalpha.com - July 30 at 6:56 PM
4-traders.com logoTAUBMAN CENTERS : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) (NYSE:TCO)
www.4-traders.com - July 29 at 7:58 PM
biz.yahoo.com logoTAUBMAN CENTERS INC Files SEC form 10-Q, Quarterly Report (NYSE:TCO)
biz.yahoo.com - July 29 at 12:29 PM
News IconIt's Earnings Time: What to Do with Taubman Centers, Inc. (NYSE:TCO) Stock - The Voice Registrar (NYSE:TCO)
voiceregistrar.com - July 29 at 10:46 AM
finance.yahoo.com logoTaubman Centers (TCO) Q2 FFO & Revenues Beat, Up Y/Y (NYSE:TCO)
finance.yahoo.com - July 29 at 8:54 AM
News IconTaubman Centers, Inc. Issues Second Quarter Results (NYSE:TCO)
www.enhancedonlinenews.com - July 28 at 7:59 PM
4-traders.com logoTaubman Centers : reports 2Q results (NYSE:TCO)
www.4-traders.com - July 28 at 7:59 PM
sg.finance.yahoo.com logoTaubman reports 2Q results (NYSE:TCO)
sg.finance.yahoo.com - July 28 at 6:44 PM
biz.yahoo.com logoQ2 2016 Taubman Centers Inc Earnings Release - After Market Close (NYSE:TCO)
biz.yahoo.com - July 28 at 7:07 AM
finance.yahoo.com logoRetail REITs Q2 Earnings to Watch on Jul 28: CBL, KRG & More (NYSE:TCO)
finance.yahoo.com - July 27 at 9:50 AM
finance.yahoo.com logoWhy Earnings Season Could Be Great for Taubman Centers (TCO) (NYSE:TCO)
finance.yahoo.com - July 27 at 8:36 AM
nasdaq.com logoIs Essex Property (ESS) Set to Beat This Earnings Season? (NYSE:TCO)
www.nasdaq.com - July 26 at 8:12 PM
nasdaq.com logoKimco Realty (KIM) Q2 Earnings: What's in Store for Stock? (NYSE:TCO)
www.nasdaq.com - July 25 at 7:58 PM
capitalcube.com logoTransmetro Corp. Ltd. :TCO-AU: Earnings Analysis: For the six months ended December 31, 2015 : July 25, 2016 (NYSE:TCO)
www.capitalcube.com - July 25 at 2:52 AM
News IconStock Up Nicely This Week: Taubman Centers, Inc. (NYSE:TCO) - TGP (NYSE:TCO)
telanaganapress.com - July 23 at 11:31 AM
fidaily.com logoShinko Asset Management Co., Ltd. Adjusts Its Investment in Taubman Centers, Inc. Common St (TCO) Last Quarter - Finance Daily (NYSE:TCO)
www.fidaily.com - July 22 at 7:34 PM

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Taubman Centers (NYSE:TCO) Chart for Sunday, September, 25, 2016


Last Updated on 9/25/2016 by MarketBeat.com Staff