Press coverage about Taubman Centers (NYSE:TCO) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing 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 closest to one being the most favorable. Taubman Centers earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.065665215493 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Sandler O’Neill Analysts Give Taubman Centers (TCO) a $63.00 Price Target (americanbankingnews.com)
- Mizuho Reiterates “$63.00” Price Target for Taubman Centers (TCO) (americanbankingnews.com)
- Brokers Issue Forecasts for Taubman Centers, Inc.’s Q3 2018 Earnings (TCO) (americanbankingnews.com)
- Insider Selling: Taubman Centers, Inc. (TCO) Director Sells 1,350 Shares of Stock (americanbankingnews.com)
- Q1 2018 Earnings Forecast for Taubman Centers, Inc. Issued By Boenning Scattergood (TCO) (americanbankingnews.com)
Several research analysts have commented on TCO shares. Sandler O’Neill set a $63.00 price objective on shares of Taubman Centers and gave the company a “hold” rating in a research report on Tuesday, February 13th. Boenning Scattergood restated a “hold” rating on shares of Taubman Centers in a research 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 research report on Friday. BMO Capital Markets restated a “hold” rating and set a $62.00 price objective on shares of Taubman Centers in a research report on Tuesday, January 9th. Finally, Citigroup boosted their price objective on shares of Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.20.
Taubman Centers (NYSE:TCO) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The firm had revenue of $172.18 million for the quarter, compared to analysts’ expectations of $164.26 million. Taubman Centers had a net margin of 11.63% and a negative return on equity of 60.45%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. analysts expect that Taubman Centers will post 3.79 EPS for the current year.
In related news, CEO Robert S. Taubman sold 58,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $62.68, for a total value of $3,635,440.00. Following the sale, the chief executive officer now owns 16,953 shares of the company’s stock, valued at $1,062,614.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig M. Hatkoff sold 1,350 shares of the business’s stock in a transaction 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 sale, the director now directly owns 6,013 shares in the company, valued at approximately $352,482.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,668 shares of company stock worth $5,929,034. Insiders own 31.20% of the company’s stock.
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Taubman Centers Company Profile
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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