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

$46.39
-1.62 (-3.37 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$46.15
Now: $46.39
$48.08
50-Day Range
$34.67
MA: $48.81
$53.25
52-Week Range
$26.24
Now: $46.39
$54.50
Volume1.26 million shs
Average Volume4.05 million shs
Market Capitalization$2.84 billion
P/E Ratio14.10
Dividend Yield5.62%
Beta-0.45
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$661.05 million
Cash Flow$6.19 per share
Book Value($2.90) per share

Profitability

Net Income$229.48 million

Miscellaneous

Employees450
Market Cap$2.84 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Taubman Centers (NYSE:TCO) Frequently Asked Questions

How has Taubman Centers' stock been impacted by COVID-19 (Coronavirus)?

Taubman Centers' stock was trading at $49.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TCO shares have decreased by 6.0% and is now trading at $46.39. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Taubman Centers' next earnings date?

Taubman Centers is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Taubman Centers.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) released its quarterly earnings results 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 analyst estimates of $173.20 million. Taubman Centers had a negative return on equity of 94.55% and a net margin of 33.47%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. View Taubman Centers' earnings history.

How often does Taubman Centers pay dividends? What is the dividend yield for Taubman Centers?

Taubman Centers announced a quarterly dividend on Thursday, March 5th. Investors of record on Monday, March 16th will be paid a dividend of $0.675 per share on Tuesday, March 31st. This represents a $2.70 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Friday, March 13th. View Taubman Centers' dividend history.

What price target have analysts set for TCO?

8 brokerages have issued 12-month price objectives for Taubman Centers' shares. Their forecasts range from $34.00 to $60.00. On average, they anticipate Taubman Centers' share price to reach $50.00 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View analysts' price targets for Taubman Centers.

Has Taubman Centers been receiving favorable news coverage?

Media stories about TCO stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Taubman Centers earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term. View the latest news aboutTaubman Centers.

Are investors shorting Taubman Centers?

Taubman Centers saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 9,230,700 shares, an increase of 131.9% from the February 27th total of 3,980,000 shares. Based on an average trading volume of 2,710,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 16.4% of the company's shares are sold short. 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 Tanger Factory Outlet Centers (SKT), Simon Property Group (SPG), Cisco Systems (CSCO), Macerich (MAC), AbbVie (ABBV), Iron Mountain (IRM), Realty Income (O), AT&T (T), Blackstone Group (BX) and Chevron (CVX).

Who are Taubman Centers' key executives?

Taubman Centers' management team includes the following 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)

What is Taubman Centers' stock symbol?

Taubman Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCO."

Who are Taubman Centers' major shareholders?

Taubman Centers' stock is owned by many different retail and institutional investors. Top institutional investors 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 Jonathan Litt, Mayree C Clark, Michael J Embler and Robert 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 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 activity for Taubman Centers.

Which institutional investors are buying Taubman Centers stock?

TCO stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Brookfield Public Securities Group LLC, Forward Management LLC, Bank of New York Mellon Corp, Berylson Capital Partners LLC, American Assets Investment Management LLC, AXA, and Renaissance Technologies LLC. 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 activity 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 $46.39.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $2.84 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:  277 (Vote Outperform)
Underperform Votes:  425 (Vote Underperform)
Total Votes:  702
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 3/28/2020 by MarketBeat.com Staff

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