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

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

Taubman Centers announced a quarterly dividend on Friday, December 6th. Investors of record on Monday, December 16th will be paid a dividend of $0.675 per share on Tuesday, December 31st. This represents a $2.70 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Friday, December 13th. View Taubman Centers' Dividend History.

Taubman Centers, Inc. (NYSE:TCO) issued its quarterly earnings data on Monday, February, 10th. The real estate investment trust reported $0.18 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%. Taubman Centers's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. View Taubman Centers' Earnings History.

Taubman Centers is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Taubman Centers.

8 brokers have issued twelve-month target prices for Taubman Centers' shares. Their forecasts range from $33.00 to $60.00. On average, they expect Taubman Centers' stock price to reach $47.21 in the next twelve months. This suggests that the stock has a possible downside of 11.3%. View Analyst Price Targets 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.

Media headlines about TCO stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Taubman Centers earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Taubman Centers.

Taubman Centers saw a decrease in short interest in 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 days-to-cover ratio is currently 9.9 days. Currently, 11.9% of the shares of the company are sold short. View Taubman Centers' Current Options Chain.

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

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).

Taubman Centers' stock is owned by many different of institutional and retail 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 David A Wolff, Jonathan Litt, Mayree C Clark, Michael J Embler and Robert S Taubman. View Institutional Ownership Trends for Taubman Centers.

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.

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, Renaissance Technologies LLC, Hill Winds Capital LP and Heitman Real Estate Securities 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 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 $53.25.

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.

The official website for Taubman Centers is http://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]