Taubman Centers, Inc. (TCO) Given Average Recommendation of “Hold” by Brokerages

Taubman Centers, Inc. (NYSE:TCO) has earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $62.19.

TCO has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Taubman Centers from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine lowered shares of Taubman Centers from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. Evercore ISI lowered shares of Taubman Centers from an “in-line” rating to an “underperform” rating and set a $63.00 target price for the company. in a research note on Monday, September 10th. They noted that the move was a valuation call. Citigroup boosted their target price on shares of Taubman Centers from $61.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Finally, Morgan Stanley reduced their target price on shares of Taubman Centers from $56.00 to $51.50 and set an “underweight” rating for the company in a research note on Thursday, June 14th.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of Taubman Centers by 2.0% during the 2nd quarter. BlackRock Inc. now owns 6,936,584 shares of the real estate investment trust’s stock worth $407,593,000 after buying an additional 136,429 shares in the last quarter. Cbre Clarion Securities LLC raised its position in shares of Taubman Centers by 13.3% during the 2nd quarter. Cbre Clarion Securities LLC now owns 3,305,710 shares of the real estate investment trust’s stock worth $194,244,000 after buying an additional 389,099 shares in the last quarter. FMR LLC raised its position in shares of Taubman Centers by 7.6% during the 2nd quarter. FMR LLC now owns 1,666,623 shares of the real estate investment trust’s stock worth $97,930,000 after buying an additional 117,876 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Taubman Centers by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 969,805 shares of the real estate investment trust’s stock worth $56,987,000 after buying an additional 5,691 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Taubman Centers by 6.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 889,480 shares of the real estate investment trust’s stock worth $52,266,000 after buying an additional 52,353 shares in the last quarter.



NYSE TCO opened at $60.98 on Friday. Taubman Centers has a one year low of $44.78 and a one year high of $66.61. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of -18.16. The stock has a market capitalization of $3.80 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 4.28 and a beta of 0.52.

Taubman Centers (NYSE:TCO) last posted its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Taubman Centers had a net margin of 11.95% and a negative return on equity of 41.96%. The business had revenue of $152.76 million during the quarter, compared to analyst estimates of $151.94 million. During the same period in the previous year, the business posted $0.86 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. equities analysts forecast that Taubman Centers will post 3.79 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 17th will be paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Friday, September 14th. Taubman Centers’s payout ratio is 70.81%.

About Taubman Centers

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 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.

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Analyst Recommendations for Taubman Centers (NYSE:TCO)

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