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Taubman Centers Stock Price, Forecast & Analysis (NYSE:TCO)

$34.81
-0.46 (-1.30 %)
(As of 11/12/2019 04:00 PM ET)
Today's Range
$34.61
Now: $34.81
$35.33
50-Day Range
$34.95
MA: $37.77
$42.05
52-Week Range
$34.61
Now: $34.81
$55.17
Volume539,021 shs
Average Volume476,881 shs
Market Capitalization$2.13 billion
P/E Ratio9.09
Dividend Yield7.66%
Beta0.68
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. Read More…

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$3.84 per share
Book Value($5.04) per share

Profitability

Net Income$83.49 million

Miscellaneous

Employees450
Market Cap$2.13 billion
Next Earnings Date2/12/2020 (Estimated)
OptionableOptionable

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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 -- dividend on Friday, September 6th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.675 per share on Monday, September 30th. This represents a dividend yield of 6.7%. The ex-dividend date is Friday, September 13th. View Taubman Centers' Dividend History.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) issued its quarterly earnings data on Monday, October, 29th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.86 by $0.52. The real estate investment trust had revenue of $159.12 million for the quarter, compared to analysts' expectations of $159.68 million. Taubman Centers had a negative return on equity of 96.44% and a net margin of 39.45%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. View Taubman Centers' Earnings History.

When is Taubman Centers' next earnings date?

Taubman Centers is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. 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, October, 29th. The company provided EPS guidance of $3.64-$3.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.54.

What price target have analysts set for TCO?

9 brokers have issued 1 year price objectives for Taubman Centers' shares. Their forecasts range from $41.00 to $69.00. On average, they anticipate Taubman Centers' share price to reach $50.50 in the next year. This suggests a possible upside of 45.1% from the stock's current price. View Analyst Price Targets for Taubman Centers.

What is the consensus analysts' recommendation for Taubman Centers?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Taubman Centers.

Has Taubman Centers been receiving favorable news coverage?

Media coverage about TCO stock has trended very negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Taubman Centers earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Taubman Centers.

Are investors shorting Taubman Centers?

Taubman Centers saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,930,000 shares, an increase of 39.9% from the September 30th total of 4,240,000 shares. Based on an average trading volume of 547,200 shares, the days-to-cover ratio is presently 10.8 days. Currently, 10.0% of the shares of the company are short sold. View Taubman Centers' Current Options Chain.

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 Simon Property Group (SPG), Tanger Factory Outlet Centers (SKT), General Electric (GE), Blackstone Group (BX), Cisco Systems (CSCO), Netflix (NFLX), Macerich (MAC), AbbVie (ABBV), Alibaba Group (BABA) and Caterpillar (CAT).

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 institutional and retail investors. Top institutional investors include Duff & Phelps Investment Management Co. (1.44%), MEAG MUNICH ERGO AssetManagement GmbH (0.75%), Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.50%), Russell Investments Group Ltd. (0.37%), Rhumbline Advisers (0.25%) and Green Street Investors LLC (0.24%). Company insiders that own Taubman Centers stock include Cornelia Connelly Marakovits, Craig M Hatkoff, David A Wolff, Jonathan Litt, Mayree C Clark, Michael J Embler, Robert S Taubman and William S Taubman. View Institutional Ownership Trends for Taubman Centers.

Which institutional investors are selling Taubman Centers stock?

TCO stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Comerica Bank, Dupont Capital Management Corp, State of Alaska Department of Revenue, Tower Research Capital LLC TRC , Great West Life Assurance Co. Can, Oppenheimer Asset Management Inc. and Strs Ohio. View Insider Buying and Selling for Taubman Centers.

Which institutional investors are buying Taubman Centers stock?

TCO stock was acquired by a variety of institutional investors in the last quarter, including Duff & Phelps Investment Management Co., Green Street Investors LLC, State of New Jersey Common Pension Fund D, Meag Munich Ergo Kapitalanlagegesellschaft MBH, MEAG MUNICH ERGO AssetManagement GmbH, Sumitomo Mitsui Trust Holdings Inc., American Assets Investment Management LLC and Nisa Investment Advisors LLC. Company insiders that have bought Taubman Centers stock in the last two years include Cornelia Connelly Marakovits, Jonathan Litt, Mayree C Clark, Michael J Embler 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, Robinhood, Fidelity and Charles Schwab.

What is Taubman Centers' stock price today?

One share of TCO stock can currently be purchased for approximately $34.81.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $2.13 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.View Additional Information About Taubman Centers.

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:  263 (Vote Outperform)
Underperform Votes:  404 (Vote Underperform)
Total Votes:  667
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 11/12/2019 by MarketBeat.com Staff

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