News articles about Taubman Centers (NYSE:TCO) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Taubman Centers earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.9389756208519 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Taubman Centers (NYSE:TCO) opened at $56.91 on Tuesday. The firm has a market cap of $3,494.99, a P/E ratio of 63.23, a P/E/G ratio of 3.39 and a beta of 0.55. 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 52-week low of $44.78 and a 52-week high of $67.19.
Taubman Centers (NYSE:TCO) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.01. The firm had revenue of $172.18 million for the quarter, compared to analyst estimates of $164.26 million. Taubman Centers had a net margin of 11.63% and a negative return on equity of 57.04%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. equities analysts expect that Taubman Centers will post 3.79 EPS for the current year.
A number of research firms have recently issued reports on TCO. Boenning Scattergood reissued a “hold” rating on shares of Taubman Centers in a research report on Monday, February 12th. BMO Capital Markets reissued a “hold” rating and issued a $62.00 price target on shares of Taubman Centers in a research report on Tuesday, January 9th. Mizuho set a $63.00 price target on shares of Taubman Centers and gave the stock a “hold” rating in a research report on Friday, February 16th. Citigroup increased their price target on shares of Taubman Centers from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Finally, Sandler O’Neill set a $63.00 price target on shares of Taubman Centers and gave the stock a “hold” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.22.
In related news, Director Craig M. Hatkoff sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $58.62, for a total transaction of $79,137.00. Following the transaction, the director now owns 6,013 shares of the company’s stock, valued at $352,482.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 31.20% of the stock is currently owned by company insiders.
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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