Media coverage about Taubman Centers (NYSE:TCO) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Taubman Centers earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 40 out of 100, meaning that recent media coverage is unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Q2 2017 Earnings Forecast for Taubman Centers, Inc. (TCO) Issued By Jefferies Group (americanbankingnews.com)
- Taubman Centers, Inc. : TCO-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 15, 2017 (finance.yahoo.com)
- Taubman Centers : Schedules Second Quarter Earnings Release and Conference Call (4-traders.com)
- Taubman Schedules Second Quarter Earnings Release and Conference Call (finance.yahoo.com)
Taubman Centers (NYSE:TCO) traded down 0.17% on Tuesday, hitting $58.64. The stock had a trading volume of 326,426 shares. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 35.65 and a beta of 0.53. Taubman Centers has a 52 week low of $57.43 and a 52 week high of $81.68. The firm has a 50-day moving average of $60.29 and a 200 day moving average of $67.04.
Taubman Centers (NYSE:TCO) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $149.10 million for the quarter, compared to analysts’ expectations of $146.28 million. Taubman Centers had a net margin of 17.09% and a negative return on equity of 168.15%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. On average, analysts predict that Taubman Centers will post $1.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Tuesday, June 13th. Taubman Centers’s dividend payout ratio (DPR) is presently 152.44%.
Several research firms have recently issued reports on TCO. Zacks Investment Research downgraded Taubman Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th. Deutsche Bank AG upped their target price on Taubman Centers from $68.00 to $71.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $56.00 target price (down from $71.00) on shares of Taubman Centers in a report on Saturday, June 3rd. ValuEngine upgraded Taubman Centers from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 target price on shares of Taubman Centers in a report on Monday, April 17th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $76.63.
About Taubman Centers
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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