NYSE:TCOTaubman Centers Stock Price, Forecast & 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 17.0% and is now trading at $40.95. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Taubman Centers.

Taubman Centers is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Taubman Centers.

Taubman Centers, Inc. (NYSE:TCO) released its earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.87 by $0.55. The real estate investment trust earned $159.46 million during the quarter, compared to the consensus estimate of $158.94 million. Taubman Centers had a net margin of 34.24% and a negative return on equity of 107.89%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. View Taubman Centers' earnings history.

Taubman Centers announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.675 per share on Tuesday, March 31st. This represents a $2.70 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Friday, March 13th. View Taubman Centers' dividend history.

10 brokers have issued 12-month price objectives for Taubman Centers' shares. Their forecasts range from $34.00 to $60.00. On average, they expect Taubman Centers' share price to reach $49.39 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price. View analysts' price targets for Taubman Centers.

News coverage about TCO stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Taubman Centers earned a daily sentiment score of 1.6 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutTaubman Centers.

Taubman Centers saw a decrease in short interest in May. As of May 15th, there was short interest totaling 6,490,000 shares, a decrease of 7.2% from the April 30th total of 6,990,000 shares. Based on an average trading volume of 3,420,000 shares, the short-interest ratio is presently 1.9 days. Currently, 10.9% of the shares of the stock are sold short. View Taubman Centers' Current Options Chain.

Some companies that are related to Taubman Centers include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Getty Realty (GTY), Acadia Realty Trust (AKR), Macerich (MAC) and Kite Realty Group Trust (KRG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Taubman Centers investors own include Simon Property Group (SPG), AbbVie (ABBV), Tanger Factory Outlet Centers (SKT), Macerich (MAC), Cisco Systems (CSCO), Procter & Gamble (PG), CROWN CASTLE IN/SH SH (CCI), Blackstone Group (BX), Chevron (CVX) and Enphase Energy (ENPH).

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

Taubman Centers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.06%), State Street Corp (4.65%), Citigroup Inc. (4.05%), Pentwater Capital Management LP (3.25%), Healthcare of Ontario Pension Plan Trust Fund (2.22%) and Alpine Associates Management Inc. (2.21%). 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 Principal Financial Group Inc., Centersquare Investment Management LLC, Nuveen Asset Management LLC, Morgan Stanley, MEAG MUNICH ERGO AssetManagement GmbH, Los Angeles Capital Management & Equity Research Inc., MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, and Russell Investments Group Ltd.. View insider buying and selling activity for Taubman Centers.

TCO stock was acquired by a variety of institutional investors in the last quarter, including Pentwater Capital Management LP, Healthcare of Ontario Pension Plan Trust Fund, Alpine Associates Management Inc., Water Island Capital LLC, York Capital Management Global Advisors LLC, CNH Partners LLC, Athanor Capital LP, and Omni Partners LLP. 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 $40.95.

Taubman Centers has a market capitalization of $2.52 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.

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]