News articles about Taubman Centers (NYSE:TCO) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Taubman Centers earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.1648302184401 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Taubman Centers (TCO) Downgraded to Hold at BidaskClub (americanbankingnews.com)
- Taubman Centers (TCO) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Taubman Centers (TCO) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- $144.04 Million in Sales Expected for Taubman Centers (TCO) This Quarter (americanbankingnews.com)
- Jefferies Group Analysts Cut Earnings Estimates for Taubman Centers (TCO) (americanbankingnews.com)
Several research firms recently issued reports on TCO. Zacks Investment Research upgraded Taubman Centers from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Mizuho set a $63.00 price target on Taubman Centers and gave the company a “hold” rating in a research note on Friday, February 16th. Sandler O’Neill set a $63.00 price target on Taubman Centers and gave the company a “hold” rating in a research note on Tuesday, February 13th. Citigroup boosted their price target on Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Finally, Boenning Scattergood restated a “hold” rating on shares of Taubman Centers in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.22.
Taubman Centers (NYSE:TCO) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. The firm had revenue of $172.18 million during the quarter, compared to the consensus estimate of $164.26 million. Taubman Centers had a negative return on equity of 57.04% and a net margin of 11.63%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. research analysts expect 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. Stockholders of record on Thursday, March 15th were issued a dividend of $0.655 per share. The ex-dividend date was Wednesday, March 14th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 4.77%. This is a boost from Taubman Centers’s previous quarterly dividend of $0.63. Taubman Centers’s payout ratio is 70.81%.
In other news, Director Craig M. Hatkoff sold 1,350 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $58.62, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. 31.20% of the stock is currently owned by insiders.
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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.
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