Taubman Centers, Inc. (NYSE:TCO) – Equities research analysts at Jefferies Group issued their Q1 2018 EPS estimates for Taubman Centers in a research note issued to investors on Tuesday. Jefferies Group analyst O. Okusanya anticipates that the real estate investment trust will post earnings per share of $0.92 for the quarter. Jefferies Group also issued estimates for Taubman Centers’ Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $1.08 EPS, FY2018 earnings at $3.77 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $0.95 EPS, Q4 2019 earnings at $1.16 EPS and FY2019 earnings at $3.96 EPS.
Several other analysts also recently commented on the stock. Sandler O’Neill set a $63.00 price objective on shares of Taubman Centers and gave the company a “hold” rating in a report on Tuesday, February 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a report on Monday, February 12th. Mizuho set a $63.00 price objective on shares of Taubman Centers and gave the company a “hold” rating in a report on Friday, February 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Taubman Centers in a report on Tuesday, January 9th. Finally, Citigroup upped their price objective on shares of Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $64.20.
Shares of Taubman Centers (NYSE TCO) opened at $60.32 on Thursday. The firm has a market cap of $3,708.94, a P/E ratio of 67.02, a price-to-earnings-growth ratio of 3.60 and a beta of 0.52. Taubman Centers has a 12-month low of $44.78 and a 12-month high of $70.85. The company has a debt-to-equity ratio of -21.77, a quick ratio of 0.35 and a current ratio of 0.35.
Taubman Centers (NYSE:TCO) last released its earnings results 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 for the quarter, compared to the consensus estimate of $164.26 million. Taubman Centers had a net margin of 11.63% and a negative return on equity of 60.45%. Taubman Centers’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS.
In other news, Director Cornelia Connelly Marakovits bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of $63.35 per share, for a total transaction of $253,400.00. Following the purchase, the director now directly owns 7,403 shares in the company, valued at approximately $468,980.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Craig M. Hatkoff sold 1,350 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 6,013 shares of the company’s stock, valued at $352,482.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,668 shares of company stock valued at $5,929,034. Company insiders own 31.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in Taubman Centers by 874.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,447 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 2,196 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Taubman Centers during the fourth quarter worth $171,000. Lourd Capital LLC acquired a new position in Taubman Centers during the fourth quarter worth $218,000. Raymond James Financial Services Advisors Inc. acquired a new position in Taubman Centers during the fourth quarter worth $225,000. Finally, Virtu KCG Holdings LLC acquired a new position in Taubman Centers during the second quarter worth $227,000.
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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