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
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Phone248-258-6800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$629.16 million
Profitability
Miscellaneous
Employees468
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 announced a quarterly dividend on Thursday, December 6th. Stockholders of record on Monday, December 17th will be given a dividend of $0.655 per share on Monday, December 31st. This represents a $2.62 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend is Friday, December 14th. View Taubman Centers' Dividend History.
How were Taubman Centers' earnings last quarter?
Taubman Centers, Inc. (NYSE:TCO) released its earnings results on Monday, October, 29th. The real estate investment trust reported $0.34 EPS for the quarter, missing the 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 net margin of 14.42% and a negative return on equity of 45.76%. The company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last 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 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?
14 equities research analysts have issued 12 month target prices for Taubman Centers' stock. Their forecasts range from $50.85 to $69.00. On average, they expect Taubman Centers' share price to reach $60.8045 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price. View Analyst Price Targets for Taubman Centers.
What is the consensus analysts' recommendation for Taubman Centers?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 1 sell rating, 10 hold ratings and 3 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 three months. Moreover, the trend in estimate revisions of 2018 funds from operations (FFO) per share does not indicate a favorable outlook for the company. Notably, the company’s solid retail real estate portfolio, high-quality retailers in its tenant roster and diligent restructuring measures has the capacity to support its long-term growth. Focus on implementing cost-saving initiatives also augurs well. Nonetheless, declining mall traffic, bankruptcies and store closures have emerged as pressing concerns for the company. Also, hike in interest rates and unfavorable foreign currency movements increase its risks." (1/11/2019)
- 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?
Headlines about TCO stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Taubman Centers earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the immediate future.
Who are some of Taubman Centers' key competitors?
Some companies that are related to Taubman Centers include Extra Space Storage (EXR), SINO LD LTD/S (SNLAY), Mid-America Apartment Communities (MAA), WP Carey (WPC), UDR (UDR), Regency Centers (REG), Gecina (GECFF), Iron Mountain (IRM), Klepierre (KLPEF), Duke Realty (DRE), AGNC Investment (AGNC), Federal Realty Investment Trust (FRT), 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 65)
- Mr. Simon J. Leopold, Exec. VP, CFO & Treasurer (Age 51)
- Mr. William S. Taubman, Chief Operating Officer (Age 60)
- Mr. Paul A. Wright, Exec. VP & Global Head of Leasing (Age 48)
- Mr. Peter John Sharp, Pres of Taubman Asia Management Limited (Age 52)
Who are Taubman Centers' major shareholders?
Taubman Centers' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.27%), State of Alaska Department of Revenue (0.04%), Louisiana State Employees Retirement System (0.03%) and First Hawaiian Bank (0.00%). 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 institutional investors are selling Taubman Centers stock?
TCO stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. Company insiders that have sold Taubman Centers company stock in the last year include Craig M Hatkoff and David A Wolff. View Insider Buying and Selling for Taubman Centers.
Which institutional investors are buying Taubman Centers stock?
TCO stock was purchased by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, First Hawaiian Bank and State of Alaska Department of Revenue. 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 $50.65.
How big of a company is Taubman Centers?
Taubman Centers has a market capitalization of $3.07 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.
