Research Analysts Issue Forecasts for Taubman Centers, Inc.’s Q4 2017 Earnings (TCO)

Taubman Centers, Inc. (NYSE:TCO) – Equities research analysts at KeyCorp issued their Q4 2017 earnings estimates for shares of Taubman Centers in a report issued on Wednesday. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $1.04 for the quarter. KeyCorp also issued estimates for Taubman Centers’ Q1 2018 earnings at $0.95 EPS.

Taubman Centers (NYSE:TCO) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.83 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.06). The firm had revenue of $153.20 million during the quarter, compared to analyst estimates of $155.95 million. Taubman Centers had a net margin of 13.21% and a negative return on equity of 75.87%. Taubman Centers’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS.

A number of other analysts have also recently weighed in on TCO. Jefferies Group restated a “neutral” rating on shares of Taubman Centers in a report on Friday, October 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a research note on Friday, November 3rd. BMO Capital Markets raised shares of Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 price objective for the company in a research note on Wednesday, December 13th. Mizuho reaffirmed a “neutral” rating on shares of Taubman Centers in a research note on Wednesday, November 8th. Finally, Morgan Stanley lowered shares of Taubman Centers from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.75.

Taubman Centers (NYSE:TCO) traded up $1.15 during trading on Monday, hitting $65.53. 475,400 shares of the stock traded hands, compared to its average volume of 669,657. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of -21.77. The company has a market capitalization of $3,908.68, a PE ratio of 62.41, a PEG ratio of 5.20 and a beta of 0.62. Taubman Centers has a twelve month low of $44.78 and a twelve month high of $76.79.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its holdings in Taubman Centers by 50.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,500 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 3,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Taubman Centers by 14.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 608,233 shares of the real estate investment trust’s stock valued at $36,221,000 after purchasing an additional 77,353 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Taubman Centers by 0.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 11,748 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 80 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Taubman Centers by 23.9% during the 2nd quarter. SG Americas Securities LLC now owns 17,311 shares of the real estate investment trust’s stock valued at $1,031,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Taubman Centers by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 773,257 shares of the real estate investment trust’s stock valued at $46,048,000 after purchasing an additional 11,689 shares during the last quarter.

In other news, Director Cornelia Connelly Marakovits bought 4,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $63.35 per share, for a total transaction of $253,400.00. Following the purchase, the director now owns 7,403 shares of the company’s stock, valued at approximately $468,980.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert S. Taubman sold 58,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $62.68, for a total transaction of $3,635,440.00. Following the completion of the transaction, the chief executive officer now owns 16,953 shares in the company, valued at $1,062,614.04. The disclosure for this sale can be found here. Insiders have sold a total of 93,318 shares of company stock worth $5,849,897 in the last 90 days. 31.20% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.82%. Taubman Centers’s dividend payout ratio is currently 238.10%.

WARNING: This news story was published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://weekherald.com/2017/12/27/research-analysts-issue-forecasts-for-taubman-centers-inc-s-q4-2017-earnings-tco-2.html.

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.

Earnings History and Estimates for Taubman Centers (NYSE:TCO)

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Research Analysts Issue Forecasts for Taubman Centers, Inc.’s Q4 2017 Earnings (TCO)

Taubman Centers, Inc. (NYSE:TCO) – Equities research analysts at KeyCorp issued their Q4 2017 earnings estimates for shares of Taubman Centers in a report issued on Wednesday. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $1.04 for the quarter. KeyCorp also issued estimates for Taubman Centers’ Q1 2018 earnings at $0.95 EPS.

Taubman Centers (NYSE:TCO) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.83 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.06). The firm had revenue of $153.20 million during the quarter, compared to analyst estimates of $155.95 million. Taubman Centers had a net margin of 13.21% and a negative return on equity of 75.87%. Taubman Centers’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS.

A number of other analysts have also recently weighed in on TCO. Jefferies Group restated a “neutral” rating on shares of Taubman Centers in a report on Friday, October 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a research note on Friday, November 3rd. BMO Capital Markets raised shares of Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 price objective for the company in a research note on Wednesday, December 13th. Mizuho reaffirmed a “neutral” rating on shares of Taubman Centers in a research note on Wednesday, November 8th. Finally, Morgan Stanley lowered shares of Taubman Centers from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.75.

Taubman Centers (NYSE:TCO) traded up $1.15 during trading on Monday, hitting $65.53. 475,400 shares of the stock traded hands, compared to its average volume of 669,657. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of -21.77. The company has a market capitalization of $3,908.68, a PE ratio of 62.41, a PEG ratio of 5.20 and a beta of 0.62. Taubman Centers has a twelve month low of $44.78 and a twelve month high of $76.79.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its holdings in Taubman Centers by 50.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,500 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 3,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Taubman Centers by 14.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 608,233 shares of the real estate investment trust’s stock valued at $36,221,000 after purchasing an additional 77,353 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Taubman Centers by 0.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 11,748 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 80 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Taubman Centers by 23.9% during the 2nd quarter. SG Americas Securities LLC now owns 17,311 shares of the real estate investment trust’s stock valued at $1,031,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Taubman Centers by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 773,257 shares of the real estate investment trust’s stock valued at $46,048,000 after purchasing an additional 11,689 shares during the last quarter.

In other news, Director Cornelia Connelly Marakovits bought 4,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $63.35 per share, for a total transaction of $253,400.00. Following the purchase, the director now owns 7,403 shares of the company’s stock, valued at approximately $468,980.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert S. Taubman sold 58,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $62.68, for a total transaction of $3,635,440.00. Following the completion of the transaction, the chief executive officer now owns 16,953 shares in the company, valued at $1,062,614.04. The disclosure for this sale can be found here. Insiders have sold a total of 93,318 shares of company stock worth $5,849,897 in the last 90 days. 31.20% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.82%. Taubman Centers’s dividend payout ratio is currently 238.10%.

WARNING: This news story was published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://weekherald.com/2017/12/27/research-analysts-issue-forecasts-for-taubman-centers-inc-s-q4-2017-earnings-tco-2.html.

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.

Earnings History and Estimates for Taubman Centers (NYSE:TCO)

Receive News & Ratings for Taubman Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taubman Centers and related companies with MarketBeat.com's FREE daily email newsletter.

Research Analysts Issue Forecasts for Taubman Centers, Inc.’s Q4 2017 Earnings (TCO)

Taubman Centers, Inc. (NYSE:TCO) – Equities research analysts at KeyCorp issued their Q4 2017 earnings estimates for shares of Taubman Centers in a report issued on Wednesday. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $1.04 for the quarter. KeyCorp also issued estimates for Taubman Centers’ Q1 2018 earnings at $0.95 EPS.

Taubman Centers (NYSE:TCO) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.83 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.06). The firm had revenue of $153.20 million during the quarter, compared to analyst estimates of $155.95 million. Taubman Centers had a net margin of 13.21% and a negative return on equity of 75.87%. Taubman Centers’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS.

A number of other analysts have also recently weighed in on TCO. Jefferies Group restated a “neutral” rating on shares of Taubman Centers in a report on Friday, October 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a research note on Friday, November 3rd. BMO Capital Markets raised shares of Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 price objective for the company in a research note on Wednesday, December 13th. Mizuho reaffirmed a “neutral” rating on shares of Taubman Centers in a research note on Wednesday, November 8th. Finally, Morgan Stanley lowered shares of Taubman Centers from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.75.

Taubman Centers (NYSE:TCO) traded up $1.15 during trading on Monday, hitting $65.53. 475,400 shares of the stock traded hands, compared to its average volume of 669,657. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of -21.77. The company has a market capitalization of $3,908.68, a PE ratio of 62.41, a PEG ratio of 5.20 and a beta of 0.62. Taubman Centers has a twelve month low of $44.78 and a twelve month high of $76.79.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its holdings in Taubman Centers by 50.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,500 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 3,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Taubman Centers by 14.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 608,233 shares of the real estate investment trust’s stock valued at $36,221,000 after purchasing an additional 77,353 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Taubman Centers by 0.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 11,748 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 80 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Taubman Centers by 23.9% during the 2nd quarter. SG Americas Securities LLC now owns 17,311 shares of the real estate investment trust’s stock valued at $1,031,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Taubman Centers by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 773,257 shares of the real estate investment trust’s stock valued at $46,048,000 after purchasing an additional 11,689 shares during the last quarter.

In other news, Director Cornelia Connelly Marakovits bought 4,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $63.35 per share, for a total transaction of $253,400.00. Following the purchase, the director now owns 7,403 shares of the company’s stock, valued at approximately $468,980.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert S. Taubman sold 58,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $62.68, for a total transaction of $3,635,440.00. Following the completion of the transaction, the chief executive officer now owns 16,953 shares in the company, valued at $1,062,614.04. The disclosure for this sale can be found here. Insiders have sold a total of 93,318 shares of company stock worth $5,849,897 in the last 90 days. 31.20% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.82%. Taubman Centers’s dividend payout ratio is currently 238.10%.

WARNING: This news story was published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://weekherald.com/2017/12/27/research-analysts-issue-forecasts-for-taubman-centers-inc-s-q4-2017-earnings-tco-2.html.

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.

Earnings History and Estimates for Taubman Centers (NYSE:TCO)

Receive News & Ratings for Taubman Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taubman Centers and related companies with MarketBeat.com's FREE daily email newsletter.

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