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NYSE:TCOTaubman Centers Stock Price, Forecast & News

$37.44
+0.44 (+1.19 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$36.91
Now: $37.44
$37.80
50-Day Range
$36.17
MA: $39.17
$45.89
52-Week Range
$26.24
Now: $37.44
$53.40
Volume398,200 shs
Average Volume1.48 million shs
Market Capitalization$2.31 billion
P/E Ratio11.14
Dividend Yield7.21%
Beta-0.08
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 out of 5 stars


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$6.41 per share
Book Value($2.90) per share

Profitability

Net Income$229.48 million

Miscellaneous

Employees450
Market Cap$2.31 billion
Next Earnings Date7/23/2020 (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 stock has decreased by 24.1% and is now trading at $37.44. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Taubman Centers?

10 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 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 Thursday, July 23rd 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 Tuesday, May, 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.87 by $0.55. The real estate investment trust earned $159.46 million during the quarter, compared to the consensus estimate of $158.94 million. Taubman Centers had a negative return on equity of 107.89% and a net margin of 34.24%. Taubman Centers's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. View Taubman Centers' earnings history.

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

Taubman Centers declared a quarterly dividend on Thursday, March 5th. Stockholders 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 yield of 7.21%. The ex-dividend date of this dividend is Friday, March 13th. View Taubman Centers' dividend history.

What price target have analysts set for TCO?

10 equities research analysts have issued 1-year price objectives for Taubman Centers' stock. Their forecasts range from $20.00 to $55.00. On average, they anticipate Taubman Centers' stock price to reach $42.11 in the next twelve months. This suggests a possible upside of 12.5% 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 trended very negative on Sunday, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing 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 closest to five being the most favorable. Taubman Centers earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Taubman Centers.

Are investors shorting Taubman Centers?

Taubman Centers saw a increase in short interest in June. As of June 30th, there was short interest totaling 10,510,000 shares, an increase of 5.6% from the June 15th total of 9,950,000 shares. Based on an average trading volume of 2,090,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 17.6% 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), AbbVie (ABBV), Tanger Factory Outlet Centers (SKT), Macerich (MAC), Cisco Systems (CSCO), Procter & Gamble (PG), CROWN CASTLE IN/SH SH (CCI), Blackstone Group (BX), Chevron (CVX) and Enphase Energy (ENPH).

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 a number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.11%). 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 buying Taubman Centers stock?

TCO stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 $37.44.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $2.31 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.

What is Taubman Centers' official website?

The official website for Taubman Centers is 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]

This page was last updated on 7/12/2020 by MarketBeat.com Staff

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