Taubman Centers (TCO) Receives Media Sentiment Rating of 0.06
News stories about Taubman Centers (NYSE:TCO) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Taubman Centers earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.1023148048787 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Jefferies Group Analysts Cut Earnings Estimates for Taubman Centers, Inc. (TCO) (americanbankingnews.com)
- Taubman Centers Announces Taxable Allocations of 2017 Common and Preferred Share Dividend Distributions (finance.yahoo.com)
- Head-To-Head Analysis: Washington Prime Group (WPG) versus Taubman Centers (TCO) (americanbankingnews.com)
- Q4 2018 Earnings Estimate for Taubman Centers, Inc. Issued By Boenning Scattergood (TCO) (americanbankingnews.com)
Taubman Centers (TCO) opened at $61.94 on Thursday. The company has a debt-to-equity ratio of -21.77, a current ratio of 0.35 and a quick ratio of 0.35. Taubman Centers has a one year low of $44.78 and a one year high of $72.57. The company has a market cap of $3,794.54, a PE ratio of 58.99, a P/E/G ratio of 4.92 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.625 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.50 annualized dividend and a dividend yield of 4.04%. Taubman Centers’s dividend payout ratio (DPR) is presently 238.10%.
TCO has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Taubman Centers from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. lowered shares of Taubman Centers from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $64.00 to $57.00 in a research report on Tuesday, September 26th. BMO Capital Markets upgraded shares of Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 price target on the stock in a research note on Wednesday, December 13th. Mizuho restated a “neutral” rating on shares of Taubman Centers in a research note on Wednesday, November 8th. Finally, Jefferies Group restated a “neutral” rating on shares of Taubman Centers in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.00.
In other news, Director Cornelia Connelly Marakovits acquired 4,000 shares of Taubman Centers stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of $63.35 per share, for a total transaction of $253,400.00. Following the completion of the purchase, the director now directly owns 7,403 shares of the company’s stock, valued at approximately $468,980.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert S. Taubman sold 58,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $62.68, for a total transaction of $3,635,440.00. Following the sale, 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 sold 93,318 shares of company stock worth $5,849,897 over the last 90 days. 31.20% of the stock is currently owned by corporate insiders.
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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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