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) posted its quarterly earnings data on Monday, February, 10th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks' consensus estimate of $0.94 by $0.76. The real estate investment trust had revenue of $176.70 million for the quarter, compared to the consensus estimate of $173.20 million. Taubman Centers's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period 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 Wall Street analysts have issued 1-year target prices for Taubman Centers' shares. Their forecasts range from $33.00 to $60.00. On average, they expect Taubman Centers' share 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.

News coverage about TCO stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Taubman Centers earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news articles 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 effect on the company's share price in the near term. View News Stories for Taubman Centers.

Taubman Centers saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 7,030,000 shares, a decline of 14.6% from the December 31st total of 8,230,000 shares. Based on an average daily volume of 709,400 shares, the days-to-cover ratio is presently 9.9 days. Currently, 11.9% of the shares of the stock are short sold. View Taubman Centers' Current Options Chain.

Some companies that are related to Taubman Centers include Regency Centers (REG), Alexander's (ALX), Acadia Realty Trust (AKR), Agree Realty (ADC), CBL & Associates Properties (CBL), Cedar Realty Trust (CDR), Federal Realty Investment Trust (FRT), Getty Realty (GTY), Kimco Realty (KIM), Kite Realty Group Trust (KRG), Macerich (MAC), National Retail Properties (NNN), Pennsylvania R.E.I.T. (PEI), Realty Income (O) and Retail Opportunity Investments (ROIC).

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), AbbVie (ABBV), Blackstone Group (BX), General Electric (GE), Macerich (MAC), Caterpillar (CAT), Chevron (CVX) and Iron Mountain (IRM).

Taubman Centers' stock is owned by a variety of 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.