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NYSE:TCO

Taubman Centers Stock Forecast, Price & News

$35.91
-0.39 (-1.07 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$35.82
Now: $35.91
$36.34
50-Day Range
$35.37
MA: $37.70
$38.77
52-Week Range
$26.24
Now: $35.91
$53.40
Volume1.34 million shs
Average Volume2.07 million shs
Market Capitalization$2.22 billion
P/E Ratio13.25
Dividend YieldN/A
Beta-0.14
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 and one under development. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.05 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87666410
Phone248-258-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$661.05 million
Cash Flow$6.51 per share
Book Value($2.90) per share

Profitability

Net Income$229.48 million

Miscellaneous

Employees450
Market Cap$2.22 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$35.91
-0.39 (-1.07 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Taubman Centers (NYSE:TCO) Frequently Asked Questions

How has Taubman Centers' stock price been impacted by COVID-19 (Coronavirus)?

Taubman Centers' stock was trading at $49.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TCO shares have decreased by 27.2% and is now trading at $35.91.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Taubman Centers?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Taubman Centers in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Taubman Centers
.

When is Taubman Centers' next earnings date?

Taubman Centers is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Taubman Centers
.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) released its quarterly earnings data on Monday, August, 10th. The real estate investment trust reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by $1.19. The real estate investment trust had revenue of $118.54 million for the quarter, compared to analyst estimates of $151.64 million. Taubman Centers had a net margin of 30.09% and a negative return on equity of 94.88%. The firm's revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS.
View Taubman Centers' earnings history
.

How often does Taubman Centers pay dividends? What is the dividend yield for Taubman Centers?

Taubman Centers declared a quarterly dividend on Thursday, March 5th. Shareholders 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 7.52%. The ex-dividend date is Friday, March 13th.
View Taubman Centers' dividend history
.

What price target have analysts set for TCO?

9 Wall Street analysts have issued twelve-month price objectives for Taubman Centers' shares. Their forecasts range from $20.00 to $55.00. On average, they anticipate Taubman Centers' stock price to reach $42.00 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for Taubman Centers
.

Are investors shorting Taubman Centers?

Taubman Centers saw a decrease in short interest in August. As of August 31st, there was short interest totaling 7,940,000 shares, a decrease of 14.0% from the August 15th total of 9,230,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 6.5 days. Approximately 13.3% of the shares of the stock are short sold.
View Taubman Centers' Short Interest
.

Who are some of Taubman Centers' key competitors?

What other stocks do shareholders of Taubman Centers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Taubman Centers investors own include Simon Property Group (SPG), AbbVie (ABBV), Cisco Systems (CSCO), Chevron (CVX), Tanger Factory Outlet Centers (SKT), AT&T (T), Intel (INTC), Macerich (MAC), Exxon Mobil (XOM) and IBM (IBM).

Who are Taubman Centers' key executives?

Taubman Centers' management team includes the following 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)

What is Taubman Centers' stock symbol?

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

Who are Taubman Centers' major shareholders?

Taubman Centers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.09%), Healthcare of Ontario Pension Plan Trust Fund (3.89%), Bank of America Corp DE (3.11%), TIG Advisors LLC (2.14%), Uniplan Investment Counsel Inc. (1.53%) and Principal Financial Group Inc. (1.42%). 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
.

Which major investors are selling Taubman Centers stock?

TCO stock was sold by a variety of institutional investors in the last quarter, including Athanor Capital LP, Vanguard Group Inc., Charles Schwab Investment Management Inc., Bank of New York Mellon Corp, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., First Trust Advisors LP, and CNH Partners LLC.
View insider buying and selling activity 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 Healthcare of Ontario Pension Plan Trust Fund, Uniplan Investment Counsel Inc., Bank of America Corp DE, Principal Financial Group Inc., Principal Financial Group Inc., Canada Pension Plan Investment Board, TIG Advisors LLC, and Mason Capital Management 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Taubman Centers' stock price today?

One share of TCO stock can currently be purchased for approximately $35.91.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $2.22 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.

What is Taubman Centers' official website?

The official website for Taubman Centers is www.taubman.com.

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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