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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Phone248-258-6800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$640.87 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Tuesday, March 5th. Investors of record on Friday, March 15th will be paid a dividend of $0.675 per share on Friday, March 29th. This represents a $2.70 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Taubman Centers's previous quarterly dividend of $0.66. View Taubman Centers' Dividend History.
How were Taubman Centers' earnings last quarter?
Taubman Centers, Inc. (NYSE:TCO) released its quarterly earnings results on Wednesday, February, 13th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.89 by $0.84. The real estate investment trust had revenue of $167.50 million for the quarter, compared to analysts' expectations of $168.91 million. Taubman Centers had a net margin of 11.84% and a negative return on equity of 30.65%. The company's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. View Taubman Centers' Earnings History.
When is Taubman Centers' next earnings date?
What guidance has Taubman Centers issued on next quarter's earnings?
Taubman Centers issued an update on its FY19 earnings guidance on Wednesday, February, 13th. The company provided earnings per share (EPS) guidance of $3.62-3.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.71.
What price target have analysts set for TCO?
14 brokers have issued 1-year price targets for Taubman Centers' stock. Their forecasts range from $48.00 to $69.00. On average, they expect Taubman Centers' stock price to reach $59.5318 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price. View Analyst Price Targets for Taubman Centers.
What is the consensus analysts' recommendation for Taubman Centers?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 1 sell rating, 10 hold ratings and 3 buy ratings 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 stories about TCO stock have been trending neutral on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Taubman Centers earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the near future.
Who are some of Taubman Centers' key competitors?
Some companies that are related to Taubman Centers include UDR (UDR), Mid-America Apartment Communities (MAA), SINO LD LTD/S (SNLAY), Klepierre (KLPEF), Regency Centers (REG), Duke Realty (DRE), Gecina (GECFF), Equity Lifestyle Properties (ELS), Sun Communities (SUI), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), AGNC Investment (AGNC), Camden Property Trust (CPT), VICI Properties (VICI) and National Retail Properties (NNN).
What other stocks do shareholders of Taubman Centers own?
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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.78%), Cohen & Steers Inc. (8.05%), Principal Financial Group Inc. (3.59%), Citigroup Inc. (3.42%), Lasalle Investment Management Securities LLC (2.51%) and FMR LLC (2.44%). Company insiders that own Taubman Centers stock include Cornelia Connelly Marakovits, Craig M Hatkoff, David A Wolff, Jonathan Litt, Myron E Ullman III, Robert S Taubman and William 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 Bank of America Corp DE, Nuveen Asset Management LLC, Millennium Management LLC, Lasalle Investment Management Securities LLC, Nordea Investment Management AB, Coronation Fund Managers Ltd., PNC Financial Services Group Inc. and FMR LLC. View Insider Buying and Selling for Taubman Centers.
Which institutional investors are buying Taubman Centers stock?
TCO stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Norges Bank, American Assets Capital Advisers LLC, BlackRock Inc., Squarepoint Ops LLC, WINTON GROUP Ltd, Westpac Banking Corp and Cohen & Steers Inc.. Company insiders that have bought Taubman Centers stock in the last two years include Cornelia Connelly Marakovits, Jonathan Litt, Myron E Ullman III 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, Scottrade, Fidelity and Charles Schwab.
What is Taubman Centers' stock price today?
One share of TCO stock can currently be purchased for approximately $52.06.
How big of a company is Taubman Centers?
Taubman Centers has a market capitalization of $3.18 billion and generates $640.87 million in revenue each year. The real estate investment trust earns $83.49 million in net income (profit) each year or $3.83 on an earnings per share basis.
What is Taubman Centers' official website?
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)
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.
