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

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$51.09 +0.63 (+1.25 %)
(As of 03/20/2019 03:22 PM ET)
Previous Close$50.46
Today's Range$50.11 - $51.36
52-Week Range$43.44 - $65.50
Volume11,185 shs
Average Volume480,457 shs
Market Capitalization$3.12 billion
P/E Ratio13.39
Dividend Yield5.37%
Beta0.82
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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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$640.87 million
Cash Flow$3.9452 per share
Book Value($5.04) per share

Profitability

Net Income$83.49 million

Miscellaneous

EmployeesN/A
Market Cap$3.12 billion
Next Earnings Date4/25/2019 (Estimated)
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 Tuesday, March 5th. Investors of record on Friday, March 15th will be paid a dividend of $0.675 per share on Friday, March 29th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Taubman Centers's previous quarterly dividend of $0.66. View Taubman Centers' Dividend History.

How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) announced its quarterly earnings results on Wednesday, February, 13th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by $0.84. The real estate investment trust earned $167.50 million during the quarter, compared to analyst estimates of $168.91 million. Taubman Centers had a negative return on equity of 30.65% and a net margin of 11.84%. Taubman Centers's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. View Taubman Centers' Earnings History.

When is Taubman Centers' next earnings date?

Taubman Centers is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Taubman Centers.

What guidance has Taubman Centers issued on next quarter's earnings?

Taubman Centers updated its FY19 earnings guidance on Wednesday, February, 13th. The company provided earnings per share guidance of $3.62-3.74 for the period, compared to the Thomson Reuters consensus estimate of $3.71.

What price target have analysts set for TCO?

14 brokerages have issued twelve-month target prices for Taubman Centers' shares. Their predictions range from $48.00 to $69.00. On average, they expect Taubman Centers' share price to reach $59.5318 in the next twelve months. This suggests a possible upside of 16.5% 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.

Has Taubman Centers been receiving favorable news coverage?

Media headlines about TCO stock have been trending somewhat positive recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Taubman Centers earned a news sentiment score of 0.7 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an impact on the stock's share price in the near future.

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), General Electric (GE), Simon Property Group (SPG), Blackstone Group (BX), Cisco Systems (CSCO), Macerich (MAC), Chevron (CVX), Realty Income (O), Verizon Communications (VZ) and Kimco Realty (KIM).

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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.78%), Cohen & Steers Inc. (8.05%), Principal Financial Group Inc. (3.59%), Citigroup Inc. (3.42%), Lasalle Investment Management Securities LLC (2.51%) and FMR LLC (2.44%). 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 Bank of America Corp DE, Nuveen Asset Management LLC, Millennium Management LLC, Lasalle Investment Management Securities LLC, Nordea Investment Management AB, Coronation Fund Managers Ltd., PNC Financial Services Group Inc. and FMR LLC. View Insider Buying and Selling for Taubman Centers.

Which major investors are buying Taubman Centers stock?

TCO stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Norges Bank, American Assets Capital Advisers LLC, BlackRock Inc., Squarepoint Ops LLC, WINTON GROUP Ltd, Westpac Banking Corp and Cohen & Steers Inc.. 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 $51.09.

How big of a company is Taubman Centers?

Taubman Centers has a market capitalization of $3.12 billion and generates $640.87 million in revenue each year. The real estate investment trust earns $83.49 million in net income (profit) each year or $3.83 on an earnings per share basis.

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:  255 (Vote Outperform)
Underperform Votes:  381 (Vote Underperform)
Total Votes:  636
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 3/20/2019 by MarketBeat.com Staff

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