Headlines about Taubman Centers (NYSE:TCO) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. 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 media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.1916074705997 out of 100, meaning 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 news articles that may have effected Accern’s scoring:
- The future of converged infrastructure is now (siliconangle.com)
- Free Post Earnings Research Report: Taubman’s Q4 Adjusted FFO per Share Beat Forecasts (finance.yahoo.com)
- Taubman Centers (TCO) Up 2.6% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- Best Real Estate Dividend Stocks In NYSE (finance.yahoo.com)
- Taubman Centers, Inc. (TCO) Expected to Post Earnings of $0.94 Per Share (americanbankingnews.com)
TCO has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 price objective for the company in a report on Wednesday, December 13th. Zacks Investment Research downgraded Taubman Centers from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Mizuho set a $63.00 price objective on Taubman Centers and gave the company a “hold” rating in a report on Friday, February 16th. Citigroup upped their price objective on Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Finally, Sandler O’Neill set a $63.00 price objective on Taubman Centers and gave the company a “hold” rating in a report on Tuesday, February 13th. One equities research 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 currently has an average rating of “Hold” and an average price target of $63.22.
Taubman Centers (NYSE:TCO) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. The company had revenue of $172.18 million during the quarter, compared to analysts’ expectations of $164.26 million. Taubman Centers had a negative return on equity of 57.04% and a net margin of 11.63%. Taubman Centers’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. sell-side analysts anticipate that Taubman Centers will post 3.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a dividend of $0.655 per share. The ex-dividend date is Wednesday, March 14th. This is a boost from Taubman Centers’s previous quarterly dividend of $0.63. This represents a $2.62 annualized dividend and a yield of 4.57%. Taubman Centers’s dividend payout ratio is 291.11%.
In related news, Director Craig M. Hatkoff sold 1,350 shares of the stock in a transaction that occurred 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 directly owns 6,013 shares of the company’s stock, valued at $352,482.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,053 shares of company stock valued at $122,686 over the last three months. 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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