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

$38.20
-1.23 (-3.12 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$38.13
Now: $38.20
$39.45
50-Day Range
$38.63
MA: $40.55
$41.72
52-Week Range
$38.13
Now: $38.20
$65.50
Volume666,390 shs
Average Volume453,514 shs
Market Capitalization$2.34 billion
P/E Ratio9.97
Dividend Yield6.85%
Beta0.71
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. Read More…

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$640.87 million
Cash Flow$3.7451 per share
Book Value($5.39) per share

Profitability

Net Income$83.49 million

Miscellaneous

Employees450
Market Cap$2.34 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Friday, May 31st. Shareholders of record on Friday, June 14th will be given a dividend of $0.675 per share on Friday, June 28th. This represents a $2.70 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date is Thursday, June 13th. View Taubman Centers' Dividend History.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) released its quarterly earnings results on Thursday, July, 25th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.83 by $0.73. The real estate investment trust earned $161.60 million during the quarter, compared to analyst estimates of $162.17 million. Taubman Centers had a negative return on equity of 20.52% and a net margin of 9.68%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. View Taubman Centers' Earnings History.

When is Taubman Centers' next earnings date?

Taubman Centers is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Taubman Centers.

What guidance has Taubman Centers issued on next quarter's earnings?

Taubman Centers updated its FY19 earnings guidance on Thursday, July, 25th. The company provided earnings per share guidance of $3.64-$3.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.66.

What price target have analysts set for TCO?

10 equities research analysts have issued twelve-month price objectives for Taubman Centers' shares. Their forecasts range from $43.00 to $69.00. On average, they expect Taubman Centers' stock price to reach $55.80 in the next year. This suggests a possible upside of 46.1% from the stock's current price. View Analyst Price Targets for Taubman Centers.

What is the consensus analysts' recommendation for 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, 7 hold ratings and 2 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?

News coverage about TCO stock has trended positive on Saturday, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of 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 2.5 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Taubman Centers.

Are investors shorting Taubman Centers?

Taubman Centers saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 3,614,800 shares, an increase of 5.2% from the June 30th total of 3,436,700 shares. Based on an average trading volume of 503,200 shares, the short-interest ratio is currently 7.2 days. Approximately 6.1% of the company's shares 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), Tanger Factory Outlet Centers (SKT), General Electric (GE), Blackstone Group (BX), Macerich (MAC), Cisco Systems (CSCO), AbbVie (ABBV), Realty Income (O), Verizon Communications (VZ) and Apache (APA).

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 many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.44%), BlackRock Inc. (11.38%), BlackRock Inc. (11.38%), Cohen & Steers Inc. (9.04%), Centersquare Investment Management LLC (2.62%) and Charles Schwab Investment Management Inc. (1.66%). Company insiders that own Taubman Centers stock include Cornelia Connelly Marakovits, Craig M Hatkoff, David A Wolff, Jonathan Litt, Mayree C Clark, Michael J Embler, Robert S Taubman and William S Taubman. View Institutional Ownership Trends for Taubman Centers.

Which major investors are selling Taubman Centers stock?

TCO stock was sold by a variety of institutional investors in the last quarter, including AMP Capital Investors Ltd, BlackRock Inc., BlackRock Inc., Wells Fargo & Company MN, WINTON GROUP Ltd, HBK Investments L P, Renaissance Technologies LLC and Vanguard Group Inc.. View Insider Buying and Selling for Taubman Centers.

Which major investors are buying Taubman Centers stock?

TCO stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Centersquare Investment Management LLC, Cohen & Steers Inc., GRS Advisors LLC, Morgan Stanley, Bank of New York Mellon Corp, Duff & Phelps Investment Management Co. and Heitman Real Estate Securities LLC. Company insiders that have bought Taubman Centers stock in the last two years include Cornelia Connelly Marakovits, Jonathan Litt, Mayree C Clark, Michael J Embler 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 $38.20.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $2.34 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. 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:  257 (Vote Outperform)
Underperform Votes:  392 (Vote Underperform)
Total Votes:  649
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 8/24/2019 by MarketBeat.com Staff

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