Taubman Centers (TCO) Receives $65.14 Average PT from Analysts

Shares of Taubman Centers (NYSE:TCO) have received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $65.14.

TCO has been the topic of a number of recent analyst reports. Sandler O’Neill set a $63.00 price target on Taubman Centers and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a research report on Monday, February 12th. BTIG Research reaffirmed a “hold” rating on shares of Taubman Centers in a research report on Sunday, April 29th. BMO Capital Markets set a $62.00 price target on Taubman Centers and gave the stock a “hold” rating in a research report on Thursday, April 26th. Finally, Zacks Investment Research raised Taubman Centers from a “sell” rating to a “hold” rating in a research report on Monday, February 26th.

Shares of Taubman Centers traded down $0.34, reaching $51.87, during trading hours on Monday, MarketBeat Ratings reports. 939,230 shares of the company’s stock were exchanged, compared to its average volume of 716,593. The company has a market cap of $3.18 billion, a PE ratio of 13.89, a PEG ratio of 3.46 and a beta of 0.53. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of -21.43. Taubman Centers has a fifty-two week low of $44.78 and a fifty-two week high of $66.61.

Taubman Centers (NYSE:TCO) last issued its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.63). The business had revenue of $161.49 million for the quarter, compared to analyst estimates of $152.82 million. Taubman Centers had a negative return on equity of 49.86% and a net margin of 11.63%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. equities analysts forecast that Taubman Centers will post 3.78 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its holdings in shares of Taubman Centers by 15.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,800 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Taubman Centers by 4.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,505 shares of the real estate investment trust’s stock valued at $1,508,000 after buying an additional 1,032 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Taubman Centers by 12.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,813 shares of the real estate investment trust’s stock valued at $558,000 after buying an additional 1,113 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Taubman Centers by 17.1% during the first quarter. Hsbc Holdings PLC now owns 8,191 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 1,197 shares during the last quarter. Finally, FDx Advisors Inc. grew its holdings in shares of Taubman Centers by 25.1% during the first quarter. FDx Advisors Inc. now owns 5,970 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 1,199 shares during the last quarter.

About Taubman Centers

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry.

Analyst Recommendations for Taubman Centers (NYSE:TCO)

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