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. 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. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Current SymbolNYSE:TCO
Previous Symbol
CUSIP87666410
Phone248-258-6800
Debt
Debt-to-Equity RatioN/A
Current Ratio0.40
Quick Ratio0.40
Price-To-Earnings
Trailing P/E Ratio14.14
Forward P/E Ratio13.76
P/E Growth3.73
Sales & Book Value
Annual Sales$629.16 million
Price / Sales5.08
Cash Flow$3.5314 per share
Price / Cash14.81
Book Value($4.03) per share
Price / Book-12.98
Profitability
EPS (Most Recent Fiscal Year)$3.70
Net Income$80.70 million
Net Margins14.42%
Return on Equity-45.76%
Return on Assets2.07%
Miscellaneous
Employees468
Outstanding Shares61,060,000
Market Cap$3.32 billion
OptionableOptionable
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 Thursday, September 6th. Stockholders of record on Monday, September 17th will be given a dividend of $0.655 per share on Friday, September 28th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Friday, September 14th. View Taubman Centers' Dividend History.
How were Taubman Centers' earnings last quarter?
Taubman Centers, Inc. (NYSE:TCO) issued its quarterly earnings data on Monday, October, 29th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks' consensus estimate of $0.86 by $0.52. The real estate investment trust had revenue of $159.12 million for the quarter, compared to analysts' expectations of $159.68 million. Taubman Centers had a negative return on equity of 45.76% and a net margin of 14.42%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. View Taubman Centers' Earnings History.
When is Taubman Centers' next earnings date?
What guidance has Taubman Centers issued on next quarter's earnings?
Taubman Centers issued an update on its FY18 earnings guidance on Monday, October, 29th. The company provided earnings per share (EPS) guidance of $3.76-3.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.72. Taubman Centers also updated its FY 2018 guidance to $3.76-3.84 EPS.
What price target have analysts set for TCO?
12 brokers have issued 12 month price targets for Taubman Centers' shares. Their forecasts range from $51.50 to $66.00. On average, they anticipate Taubman Centers' share price to reach $62.3125 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price. View Analyst Price Targets for Taubman Centers.
What is the consensus analysts' recommendation for Taubman Centers?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 3 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Taubman Centers.
What are Wall Street analysts saying about Taubman Centers stock?
Here are some recent quotes from research analysts about Taubman Centers stock:
- 1. According to Zacks Investment Research, "Shares of Taubman Centers have underperformed the industry it belongs to over the past six months. Moreover, the trend in estimate revisions of current-year funds from operations (FFO) per share does not indicate a decent outlook for the company. Notably, the company’s solid retail real estate portfolio, high-quality retailers in its tenant roster and diligent restructuring measures are likely to support its long-term growth. Focus on implementing cost-saving initiatives also augurs well. However, its performance in the near term is anticipated to be adversely affected by the choppy retail real estate environment. In fact, declining mall traffic, bankruptcies and store closures have emerged as pressing concerns for retail REITs, including Taubman Centers. Also, hike in interest rates and unfavorable foreign currency movements increase its risks." (9/6/2018)
- 2. Boenning Scattergood analysts commented, "We remain Neutral-rated on TCO though we note that the company’s shares trade at the deepest NAV discount relative to ‘A’ mall peers. Key Points: FFO In-Line: TCO reported fourth quarter NAREIT FFO of $1.02 per share and core FFO of $1.03 per share. Core FFO of $3.70 per share showed 3.4% annual growth while NAREIT FFO of $3.50 per share showed a 10.2% decline, primarily due to charges associated with shareholder activism and corporate restructuring charges." (2/12/2018)
Has Taubman Centers been receiving favorable news coverage?
Media coverage about TCO stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Taubman Centers earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.
Who are some of Taubman Centers' key competitors?
Some companies that are related to Taubman Centers include ANNALY CAP MGMT/SH (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Gecina (GECFF), UDR (UDR), Regency Centers (REG), Klepierre (KLPEF), WP Carey (WPC), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Federal Realty Investment Trust (FRT), Iron Mountain (IRM), Sun Communities (SUI), Equity Lifestyle Properties (ELS) and Camden Property Trust (CPT).
Who are Taubman Centers' key executives?
Taubman Centers' management team includes the folowing people:
- Mr. Robert S. Taubman, Chairman, CEO & Pres (Age 64)
- Mr. Simon J. Leopold, Exec. VP, CFO & Treasurer (Age 50)
- Mr. William S. Taubman, Chief Operating Officer (Age 59)
- Mr. Paul A. Wright, Exec. VP & Global Head of Leasing (Age 47)
- Mr. Peter John Sharp, Pres of Taubman Asia Management Limited (Age 51)
Who are Taubman Centers' major shareholders?
Taubman Centers' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.59%), FMR LLC (2.51%), JPMorgan Chase & Co. (2.06%), AMP Capital Investors Ltd (1.93%), Dimensional Fund Advisors LP (1.57%) and Bank of New York Mellon Corp (1.32%). Company insiders that own Taubman Centers stock include Cornelia Connelly Marakovits, Craig M Hatkoff, David A Wolff, Jonathan Litt, Myron E Ullman III, 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 Ceredex Value Advisors LLC, JPMorgan Chase & Co., Man Group plc, FMR LLC, Deprince Race & Zollo Inc., Panagora Asset Management Inc., Sumitomo Mitsui Asset Management Company LTD and Coronation Fund Managers Ltd.. Company insiders that have sold Taubman Centers company stock in the last year include Craig M Hatkoff, David A Wolff, Robert S Taubman and William S Taubman. View Insider Buying and Selling for Taubman Centers.
Which major investors are buying Taubman Centers stock?
TCO stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Renaissance Technologies LLC, Russell Investments Group Ltd., AMP Capital Investors Ltd, WINTON GROUP Ltd, BlackRock Inc., Canada Pension Plan Investment Board and Skba Capital Management LLC. Company insiders that have bought Taubman Centers stock in the last two years include Cornelia Connelly Marakovits, Jonathan Litt, Myron E Ullman III 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 $52.30.
How big of a company is Taubman Centers?
Taubman Centers has a market capitalization of $3.32 billion and generates $629.16 million in revenue each year. The real estate investment trust earns $80.70 million in net income (profit) each year or $3.70 on an earnings per share basis. Taubman Centers employs 468 workers across the globe.
What is Taubman Centers' official website?
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)
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.
