News stories about Taubman Centers (NYSE:TCO) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Taubman Centers earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 47.2678417833849 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of research firms recently commented on TCO. BMO Capital Markets upgraded shares of Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 price objective on the stock in a research note on Wednesday, December 13th. Zacks Investment Research lowered shares of Taubman Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Boenning Scattergood reiterated a “hold” rating on shares of Taubman Centers in a research note on Monday. Sandler O’Neill set a $63.00 price objective on shares of Taubman Centers and gave the company a “hold” rating in a research note on Tuesday. Finally, Citigroup raised their price objective on shares of Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $64.33.
Taubman Centers (TCO) traded up $0.40 during trading on Wednesday, reaching $59.34. 827,653 shares of the company’s stock traded hands, compared to its average volume of 984,932. The company has a debt-to-equity ratio of -21.77, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $3,600.00, a price-to-earnings ratio of 65.21, a price-to-earnings-growth ratio of 4.61 and a beta of 0.52. Taubman Centers has a 12-month low of $44.78 and a 12-month high of $70.85.
Taubman Centers (NYSE:TCO) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.01. The firm had revenue of $172.18 million for the quarter, compared to analyst estimates of $164.26 million. Taubman Centers had a net margin of 11.63% and a negative return on equity of 60.45%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. analysts predict that Taubman Centers will post 3.8 EPS for the current fiscal year.
In related news, Director Craig M. Hatkoff sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $58.62, for a total value of $79,137.00. Following the completion of the transaction, the director now owns 6,013 shares of the company’s stock, valued at approximately $352,482.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William S. Taubman sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $62.68, for a total transaction of $2,193,800.00. Following the completion of the transaction, the chief operating officer now directly owns 67,633 shares of the company’s stock, valued at approximately $4,239,236.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,668 shares of company stock worth $5,929,034. 31.20% of the stock is currently owned by company insiders.
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About Taubman Centers
Taubman Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s segment is focused on owning, developing and managing regional shopping centers. The Taubman Realty Group Limited Partnership (the Operating Partnership or TRG) is majority-owned partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties.
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