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

$53.18
-0.07 (-0.13 %)
(As of 02/19/2020 05:51 AM ET)
Today's Range
$53.10
Now: $53.18
$53.23
50-Day Range
$26.42
MA: $34.96
$53.25
52-Week Range
$26.24
Now: $53.18
$54.50
Volume3.10 million shs
Average Volume3.03 million shs
Market Capitalization$3.26 billion
P/E Ratio16.16
Dividend Yield5.07%
Beta0.72
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$661.05 million
Cash Flow$6.40 per share
Book Value($5.04) per share

Profitability

Net Income$229.48 million

Miscellaneous

Employees450
Market Cap$3.26 billion
Next Earnings Date5/5/2020 (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 quarterly dividend on Friday, December 6th. Investors of record on Monday, December 16th will be given a dividend of $0.675 per share on Tuesday, December 31st. This represents a $2.70 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, December 13th. View Taubman Centers' Dividend History.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) posted its quarterly earnings data on Monday, February, 10th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.76. The real estate investment trust had revenue of $176.70 million for the quarter, compared to analysts' expectations of $173.20 million. Taubman Centers had a net margin of 33.47% and a negative return on equity of 87.50%. The firm's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 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 Tuesday, May 5th 2020. View Earnings Estimates for Taubman Centers.

What price target have analysts set for TCO?

8 Wall Street analysts have issued 12-month price objectives for Taubman Centers' stock. Their forecasts range from $33.00 to $60.00. On average, they anticipate Taubman Centers' stock price to reach $47.21 in the next twelve months. This suggests that the stock has a possible downside of 11.2%. View Analyst Price Targets for Taubman Centers.

What is the consensus analysts' recommendation for Taubman Centers?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 7 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 been trending very positive this week, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Taubman Centers earned a coverage optimism score of 4.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press 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 decrease in short interest in the month of January. As of January 15th, there was short interest totalling 7,030,000 shares, a decrease of 14.6% from the December 31st total of 8,230,000 shares. Based on an average trading volume of 709,400 shares, the short-interest ratio is currently 9.9 days. Currently, 11.9% of the shares of the stock 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), Cisco Systems (CSCO), Blackstone Group (BX), General Electric (GE), Macerich (MAC), AbbVie (ABBV), Caterpillar (CAT), Realty Income (O) 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 number of of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (9.24%), FMR LLC (5.59%), State Street Corp (4.37%), Principal Financial Group Inc. (4.09%), Citigroup Inc. (3.41%) and Bank of New York Mellon Corp (1.89%). Company insiders that own Taubman Centers stock include David A Wolff, Jonathan Litt, Mayree C Clark, Michael J Embler and Robert 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 Lasalle Investment Management Securities LLC, FMR LLC, State Street Corp, Marshall Wace North America L.P., Sei Investments Co., Marshall Wace LLP, AlphaCrest Capital Management LLC and Thrivent Financial for Lutherans. 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 Brookfield Public Securities Group LLC, Forward Management LLC, Bank of New York Mellon Corp, Berylson Capital Partners LLC, American Assets Investment Management LLC, AXA, Renaissance Technologies LLC and Hill Winds Capital LP. Company insiders that have bought Taubman Centers stock in the last two years include 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 $53.18.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $3.26 billion and generates $661.05 million in revenue each year. The real estate investment trust earns $229.48 million in net income (profit) each year or $3.71 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:  274 (Vote Outperform)
Underperform Votes:  419 (Vote Underperform)
Total Votes:  693
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 2/19/2020 by MarketBeat.com Staff

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