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NYSE:TCO - Taubman Centers Stock Price, Forecast & News

$52.34
-0.71 (-1.34 %)
(As of 02/28/2020 10:50 AM ET)
Today's Range
$52.16
Now: $52.34
$53.01
50-Day Range
$26.42
MA: $38.95
$53.25
52-Week Range
$26.24
Now: $52.34
$54.50
Volume263,448 shs
Average Volume4.86 million shs
Market Capitalization$3.20 billion
P/E Ratio15.91
Dividend Yield5.08%
Beta0.72
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. Read More…

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$6.31 per share
Book Value($5.04) per share

Profitability

Net Income$229.48 million

Miscellaneous

Employees450
Market Cap$3.20 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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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 Friday, December 6th. Shareholders of record on Monday, December 16th will be given a dividend of $0.675 per share on Tuesday, December 31st. This represents a $2.70 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, December 13th. View Taubman Centers' Dividend History.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) posted its quarterly earnings results on Monday, February, 10th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.94 by $0.76. The real estate investment trust earned $176.70 million during the quarter, compared to analysts' expectations of $173.20 million. Taubman Centers had a negative return on equity of 87.50% and a net margin of 33.47%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. View Taubman Centers' Earnings History.

When is Taubman Centers' next earnings date?

Taubman Centers is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Taubman Centers.

What price target have analysts set for TCO?

8 equities research analysts have issued 1-year price targets for Taubman Centers' shares. Their forecasts range from $34.00 to $60.00. On average, they expect Taubman Centers' stock price to reach $50.00 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View Analyst Price Targets for Taubman Centers.

What is the consensus analysts' recommendation for Taubman Centers?

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

Has Taubman Centers been receiving favorable news coverage?

Media coverage about TCO stock has been trending extremely negative on Friday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Taubman Centers earned a media sentiment score of -4.4 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Taubman Centers.

Are investors shorting Taubman Centers?

Taubman Centers saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 7,880,000 shares, an increase of 8.7% from the January 30th total of 7,250,000 shares. Based on an average daily trading volume, of 1,620,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 13.3% of the shares of the stock are short sold. View Taubman Centers' Current Options Chain.

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 Tanger Factory Outlet Centers (SKT), Simon Property Group (SPG), Macerich (MAC), Cisco Systems (CSCO), Iron Mountain (IRM), Realty Income (O), AbbVie (ABBV), Blackstone Group (BX), Chevron (CVX) and General Electric (GE).

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 number of of institutional and retail investors. Top institutional shareholders include Cohen & Steers Inc. (9.24%), FMR LLC (5.59%), State Street Corp (4.37%), Principal Financial Group Inc. (4.09%), Citigroup Inc. (3.41%) and Bank of New York Mellon Corp (1.89%). Company insiders that own Taubman Centers stock include David A Wolff, Jonathan Litt, Mayree C Clark, Michael J Embler and Robert 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 Lasalle Investment Management Securities LLC, FMR LLC, State Street Corp, Marshall Wace North America L.P., Sei Investments Co., Marshall Wace LLP, AlphaCrest Capital Management LLC and Thrivent Financial for Lutherans. View Insider Buying and Selling for Taubman Centers.

Which institutional investors are buying Taubman Centers stock?

TCO stock was acquired by a variety of institutional investors in the last quarter, including Brookfield Public Securities Group LLC, Forward Management LLC, Bank of New York Mellon Corp, Berylson Capital Partners LLC, American Assets Investment Management LLC, AXA, Renaissance Technologies LLC and Hill Winds Capital LP. 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 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 $52.30.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $3.20 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.View Additional Information About Taubman Centers.

What is Taubman Centers' official website?

The official website for Taubman Centers is http://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]


MarketBeat Community Rating for Taubman Centers (NYSE TCO)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  274 (Vote Outperform)
Underperform Votes:  421 (Vote Underperform)
Total Votes:  695
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.
This page was last updated on 2/28/2020 by MarketBeat.com Staff

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