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. Shareholders of record on Monday, December 16th will be given a dividend of $0.675 per share on Tuesday, December 31st. This represents a $2.70 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, December 13th. View Taubman Centers' Dividend History.

Taubman Centers, Inc. (NYSE:TCO) posted its quarterly earnings results on Monday, February, 10th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.94 by $0.76. The real estate investment trust earned $176.70 million during the quarter, compared to analysts' expectations of $173.20 million. Taubman Centers had a negative return on equity of 87.50% and a net margin of 33.47%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. 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 equities research analysts have issued 1-year price targets for Taubman Centers' shares. Their forecasts range from $34.00 to $60.00. On average, they expect Taubman Centers' stock price to reach $50.00 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. 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 coverage about TCO stock has been trending extremely negative on Friday, according to InfoTrie Sentiment. The research group ranks the sentiment of 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 closest to five being the most favorable. Taubman Centers earned a media sentiment score of -4.4 on InfoTrie's scale. They also gave news 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 effect on the company's share price in the near future. View News Stories for Taubman Centers.

Taubman Centers saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 7,880,000 shares, an increase of 8.7% from the January 30th total of 7,250,000 shares. Based on an average daily trading volume, of 1,620,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 13.3% of the shares of the stock are short sold. View Taubman Centers' Current Options Chain.

Some companies that are related to Taubman Centers include Simon Property Group (SPG), Realty Income (O), National Retail Properties (NNN), Regency Centers (REG), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), 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 Tanger Factory Outlet Centers (SKT), Simon Property Group (SPG), Macerich (MAC), Cisco Systems (CSCO), Iron Mountain (IRM), Realty Income (O), AbbVie (ABBV), Blackstone Group (BX), Chevron (CVX) and General Electric (GE).

Taubman Centers' stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 acquired 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, AXA, Renaissance Technologies LLC and Hill Winds Capital LP. 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 $52.30.

Taubman Centers has a market capitalization of $3.20 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]