NYSE:TCOTaubman Centers Stock Price, Forecast & News

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 stock has decreased by 22.9% and is now trading at $38.02. View which stocks have been most impacted by Coronavirus.

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

Taubman Centers is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Taubman Centers.

Taubman Centers, Inc. (NYSE:TCO) announced its quarterly earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.87 by $0.55. The real estate investment trust had revenue of $159.46 million for the quarter, compared to analysts' expectations of $158.94 million. Taubman Centers had a net margin of 34.24% and a negative return on equity of 107.89%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. View Taubman Centers' earnings history.

Taubman Centers announced a quarterly dividend on Thursday, March 5th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.675 per share on Tuesday, March 31st. This represents a $2.70 annualized dividend and a yield of 7.10%. The ex-dividend date is Friday, March 13th. View Taubman Centers' dividend history.

10 analysts have issued 12-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 $42.11 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price. View analysts' price targets for Taubman Centers.

News stories about TCO stock have been trending somewhat negative on Friday, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. 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 daily sentiment score of -1.3 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Taubman Centers.

Taubman Centers saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,950,000 shares, an increase of 6.8% from the May 31st total of 9,320,000 shares. Based on an average daily volume of 2,120,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 16.6% of the shares of the stock are short sold. View Taubman Centers' Current Options Chain.

Some companies that are related to Taubman Centers include Simon Property Group (SPG), Realty Income (O), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Alexander's (ALX), Getty Realty (GTY), Macerich (MAC), Acadia Realty Trust (AKR) and Kite Realty Group Trust (KRG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Taubman Centers investors own include Simon Property Group (SPG), AbbVie (ABBV), Tanger Factory Outlet Centers (SKT), Macerich (MAC), Cisco Systems (CSCO), Procter & Gamble (PG), CROWN CASTLE IN/SH SH (CCI), Blackstone Group (BX), Chevron (CVX) and Enphase Energy (ENPH).

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

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.

One share of TCO stock can currently be purchased for approximately $38.02.

Taubman Centers has a market capitalization of $2.34 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.

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

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]