Taubman Centers (TCO) Stock Price, News & Analysis

Taubman Centers, Inc. (NYSE:TCO) issued its quarterly earnings results on Monday, November, 9th. The real estate investment trust reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $1.07. The real estate investment trust had revenue of $130.99 million for the quarter, compared to the consensus estimate of $125.10 million. Taubman Centers had a negative trailing twelve-month return on equity of 94.88% and a net margin of 30.09%. The company's revenue for the quarter was down 19.4% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS.

Taubman Centers (NYSE:TCO) pays an annual dividend of $2.70 per share and currently has a dividend yield of 6.28%. TCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TCO will have a dividend payout ratio of 97.12% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TCO.

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