NYSE:TCOTaubman Centers Stock Price, Forecast & News

Taubman Centers' stock was trading at $49.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TCO shares have decreased by 25.0% and is now trading at $37.00. View which stocks have been most impacted by Coronavirus.

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.

Taubman Centers is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Taubman Centers.

Taubman Centers, Inc. (NYSE:TCO) posted its quarterly earnings data on Tuesday, May, 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by $0.55. The real estate investment trust had revenue of $159.46 million for the quarter, compared to the consensus estimate of $158.94 million. Taubman Centers had a net margin of 34.24% and a negative return on equity of 107.89%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. View Taubman Centers' earnings history.

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 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date of this dividend is Friday, March 13th. View Taubman Centers' dividend history.

10 Wall Street analysts have issued 12 month target prices for Taubman Centers' stock. Their forecasts range from $20.00 to $55.00. On average, they expect Taubman Centers' share price to reach $42.11 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price. View analysts' price targets for Taubman Centers.

Press coverage about TCO stock has trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Taubman Centers earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Taubman Centers.

Taubman Centers saw a increase in short interest in the month of 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 daily volume of 2,090,000 shares, the days-to-cover ratio is presently 5.0 days. Currently, 17.6% of the company's stock are sold short. View Taubman Centers' Current Options Chain.

Some companies that are related to Taubman Centers include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), Alexander's (ALX), Retail Opportunity Investments (ROIC), Getty Realty (GTY), Macerich (MAC), Acadia Realty Trust (AKR) and Kite Realty Group Trust (KRG). View all competitors.

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).

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

Taubman Centers' stock is owned by many different institutional and retail investors. Top institutional investors 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.

TCO stock was acquired 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.

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.

One share of TCO stock can currently be purchased for approximately $37.00.

Taubman Centers has a market capitalization of $2.28 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.

The official website for Taubman Centers is www.taubman.com.

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]