Taubman Centers (NYSE:TCO) Receiving Somewhat Positive Media Coverage, Report Shows
Media coverage about Taubman Centers (NYSE:TCO) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog 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 media sentiment score of 0.01 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.9227747250702 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
- Taubman Centers, Inc. (TCO) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Taubman Centers, Inc. (TCO) Director Myron E. Ullman III Acquires 12,325 Shares (americanbankingnews.com)
- $150.02 Million in Sales Expected for Taubman Centers, Inc. (NYSE:TCO) This Quarter (americanbankingnews.com)
- Taubman Centers (NYSE:TCO) Getting Somewhat Favorable Media Coverage, Study Shows (overnewsmagazine.com)
- The Taubman Centers, Inc. (NYSE:TCO) Rating Lowered to Hold at BidaskClub (campdesrecrues.com)
Taubman Centers (NYSE TCO) opened at 54.95 on Friday. The firm has a 50-day moving average of $58.75 and a 200 day moving average of $63.22. Taubman Centers has a 1-year low of $54.00 and a 1-year high of $80.86. The firm has a market cap of $3.34 billion, a P/E ratio of 42.47 and a beta of 0.49.
Taubman Centers (NYSE:TCO) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $154.68 million during the quarter, compared to analyst estimates of $142.16 million. Taubman Centers had a net margin of 14.71% and a negative return on equity of 110.46%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS. On average, analysts predict that Taubman Centers will post $1.15 EPS for the current year.
TCO has been the subject of a number of analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 target price on shares of Taubman Centers in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of Taubman Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine upgraded shares of Taubman Centers from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Deutsche Bank AG boosted their target price on shares of Taubman Centers from $68.00 to $71.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $56.00 target price (down previously from $71.00) on shares of Taubman Centers in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Taubman Centers presently has a consensus rating of “Hold” and an average price target of $73.57.
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In related news, Director Myron E. Ullman III purchased 12,325 shares of Taubman Centers stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of $56.90 per share, with a total value of $701,292.50. Following the purchase, the director now owns 16,646 shares in the company, valued at approximately $947,157.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 31.20% of the company’s stock.
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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