NYSE:TCO - Taubman Centers Stock Price, News, & Analysis

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$50.02 -0.65 (-1.28 %)
(As of 05/19/2019 04:00 PM ET)
Previous Close$50.02
Today's Range$49.78 - $50.56
52-Week Range$43.44 - $65.50
Volume164,873 shs
Average Volume313,922 shs
Market Capitalization$3.06 billion
P/E Ratio13.06
Dividend Yield5.40%
Beta0.78
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 and one under development. 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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87666410
Phone248-258-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$640.87 million
Cash Flow$3.8835 per share
Book Value($5.55) per share

Profitability

Net Income$83.49 million

Miscellaneous

Employees450
Market Cap$3.06 billion
Next Earnings Date7/29/2019 (Estimated)
OptionableOptionable

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 Tuesday, March 5th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.675 per share on Friday, March 29th. This represents a $2.70 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Taubman Centers's previous quarterly dividend of $0.66. View Taubman Centers' Dividend History.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) announced its earnings results on Tuesday, April, 30th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.65. The real estate investment trust earned $160.28 million during the quarter, compared to the consensus estimate of $161.24 million. Taubman Centers had a negative return on equity of 24.45% and a net margin of 11.23%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 earnings per share. View Taubman Centers' Earnings History.

When is Taubman Centers' next earnings date?

Taubman Centers is scheduled to release their next quarterly earnings announcement on Monday, July 29th 2019. View Earnings Estimates for Taubman Centers.

What guidance has Taubman Centers issued on next quarter's earnings?

Taubman Centers issued an update on its FY19 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of $3.62-3.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.69.

What price target have analysts set for TCO?

12 brokerages have issued 12-month price objectives for Taubman Centers' shares. Their forecasts range from $48.00 to $69.00. On average, they expect Taubman Centers' share price to reach $59.5318 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View Analyst Price Targets for Taubman Centers.

What is the consensus analysts' recommendation for Taubman Centers?

12 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Taubman Centers.

Has Taubman Centers been receiving favorable news coverage?

News articles about TCO stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Taubman Centers earned a news impact score of 1.9 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are some of Taubman Centers' key competitors?

What other stocks do shareholders of Taubman Centers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Taubman Centers investors own include Tanger Factory Outlet Centers (SKT), Simon Property Group (SPG), General Electric (GE), Blackstone Group (BX), Cisco Systems (CSCO), Macerich (MAC), Realty Income (O), Chevron (CVX), Kimco Realty (KIM) and Ventas (VTR).

Who are Taubman Centers' key executives?

Taubman Centers' management team includes the folowing people:
  • Mr. Robert S. Taubman, Chairman, CEO & Pres (Age 65)
  • Mr. Simon J. Leopold, Exec. VP, CFO & Treasurer (Age 51)
  • Mr. William S. Taubman, Chief Operating Officer (Age 60)
  • Mr. Paul A. Wright, Exec. VP & Global Head of Leasing (Age 48)
  • Mr. Peter John Sharp, Pres of Taubman Asia Management Limited (Age 52)

Who are Taubman Centers' major shareholders?

Taubman Centers' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.88%), Principal Financial Group Inc. (4.13%), FMR LLC (3.73%), Cbre Clarion Securities LLC (3.48%), Citigroup Inc. (3.41%) and Centersquare Investment Management LLC (1.98%). Company insiders that own Taubman Centers stock include Cornelia Connelly Marakovits, Craig M Hatkoff, David A Wolff, Jonathan Litt, Mayree C Clark, 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 Renaissance Technologies LLC, Cbre Clarion Securities LLC, Security Capital Research & Management Inc., Morgan Stanley, Coronation Fund Managers Ltd., Virginia Retirement Systems ET AL, American Assets Capital Advisers LLC and SEI Investments Co. View Insider Buying and Selling for Taubman Centers.

Which major investors are buying Taubman Centers stock?

TCO stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Duff & Phelps Investment Management Co., Centersquare Investment Management LLC, Centersquare Investment Management LLC, Principal Financial Group Inc., Heitman Real Estate Securities LLC, BlackRock Inc. and Geode Capital Management LLC. Company insiders that have bought Taubman Centers stock in the last two years include Cornelia Connelly Marakovits, Jonathan Litt, Mayree C Clark, 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 $50.02.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $3.06 billion and generates $640.87 million in revenue each year. The real estate investment trust earns $83.49 million in net income (profit) each year or $3.83 on an earnings per share basis. Taubman Centers employs 450 workers across the globe.

What is Taubman Centers' official website?

The official website for Taubman Centers is http://www.taubman.com.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  256 (Vote Outperform)
Underperform Votes:  382 (Vote Underperform)
Total Votes:  638
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.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

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