News articles about Taubman Centers (NYSE:TCO) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Taubman Centers earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.5314313473442 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
A number of research analysts have recently issued reports on TCO shares. BMO Capital Markets raised Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 target price on the stock in a report on Wednesday, December 13th. Zacks Investment Research lowered Taubman Centers from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Boenning Scattergood reissued a “hold” rating on shares of Taubman Centers in a report on Monday, February 12th. Citigroup boosted their target price on Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Finally, Sandler O’Neill set a $63.00 target price on Taubman Centers and gave the company a “hold” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Taubman Centers currently has a consensus rating of “Hold” and an average price target of $63.22.
NYSE:TCO opened at $57.90 on Monday. The company has a market capitalization of $3,526.63, a PE ratio of 15.65, a P/E/G ratio of 3.42 and a beta of 0.54. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of -23.70. Taubman Centers has a 12-month low of $44.78 and a 12-month high of $67.19.
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 for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. Taubman Centers had a negative return on equity of 57.04% and a net margin of 11.63%. The firm had revenue of $172.18 million for the quarter, compared to the consensus estimate of $164.26 million. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities analysts predict that Taubman Centers will post 3.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a $0.655 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This is an increase from Taubman Centers’s previous quarterly dividend of $0.63. This represents a $2.62 dividend on an annualized basis and a dividend yield of 4.53%. Taubman Centers’s payout ratio is 70.81%.
In related news, Director Craig M. Hatkoff sold 1,350 shares of Taubman Centers stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $58.62, for a total value of $79,137.00. Following the sale, the director now directly owns 6,013 shares in the company, valued at $352,482.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 31.20% of the stock is owned by insiders.
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Taubman Centers Company Profile
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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