Taubman Centers Stock Forecast, Price & News

Taubman Centers' stock was trading at $49.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TCO stock has decreased by 32.5% and is now trading at $33.28.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Taubman Centers is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020.
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Taubman Centers, Inc. (NYSE:TCO) released its quarterly earnings results on Monday, August, 10th. The real estate investment trust reported ($0.55) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.64 by $1.19. The real estate investment trust earned $118.54 million during the quarter, compared to the consensus estimate of $151.64 million. Taubman Centers had a net margin of 30.09% and a negative return on equity of 94.88%. The business's quarterly revenue was down 26.7% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share.
View Taubman Centers' earnings history.

Taubman Centers announced a quarterly dividend on Thursday, March 5th. Investors of record on Monday, March 16th will be given a dividend of $0.675 per share on Tuesday, March 31st. This represents a $2.70 annualized dividend and a dividend yield of 8.11%. The ex-dividend date is Friday, March 13th.
View Taubman Centers' dividend history.

8 analysts have issued 12 month price targets for Taubman Centers' stock. Their forecasts range from $20.00 to $55.00. On average, they expect Taubman Centers' stock price to reach $42.00 in the next year. This suggests a possible upside of 26.2% from the stock's current price.
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Some companies that are related to Taubman Centers include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Opportunity Investments (ROIC), Retail Properties of America (RPAI), Getty Realty (GTY), The Macerich (MAC), Kite Realty Group Trust (KRG) and Acadia Realty Trust (AKR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Taubman Centers investors own include Simon Property Group (SPG), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Chevron (CVX), Tanger Factory Outlet Centers (SKT), Raytheon Technologies (RTX), Exxon Mobil (XOM), Intel (INTC) and Johnson & Johnson (JNJ).

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

Taubman Centers' stock is owned by many different retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.20%), Harvest Management LLC (0.11%), Envestnet Asset Management Inc. (0.10%), State of New Jersey Common Pension Fund D (0.10%), Nisa Investment Advisors LLC (0.06%) and Havens Advisors LLC (0.05%). Company insiders that own Taubman Centers stock include 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 Retirement Systems of Alabama, Havens Advisors LLC, Envestnet Asset Management Inc., New Mexico Educational Retirement Board, and State of Alaska Department of Revenue.
View insider buying and selling activity for Taubman Centers.

TCO stock was acquired by a variety of institutional investors in the last quarter, including Harvest Management LLC, Pacer Advisors Inc., State of New Jersey Common Pension Fund D, Nisa Investment Advisors LLC, and Xponance Inc.. 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 activity 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 $33.28.

Taubman Centers has a market capitalization of $2.05 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 420 workers across the globe.

The official website for Taubman Centers is 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]