Taubman Centers, Inc. (NYSE:TCO) has earned an average recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $73.75.

Several analysts have recently issued reports on TCO shares. Deutsche Bank AG decreased their target price on shares of Taubman Centers from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Tuesday, March 21st. Zacks Investment Research cut shares of Taubman Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. ValuEngine upgraded shares of Taubman Centers from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. BidaskClub upgraded shares of Taubman Centers from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Jefferies Group LLC restated a “hold” rating and set a $70.00 target price on shares of Taubman Centers in a research report on Monday, April 17th.

A number of institutional investors have recently modified their holdings of TCO. Malaga Cove Capital LLC increased its position in shares of Taubman Centers by 124.2% in the first quarter. Malaga Cove Capital LLC now owns 18,814 shares of the real estate investment trust’s stock worth $1,240,000 after buying an additional 10,423 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Taubman Centers by 1,286.0% in the first quarter. ProShare Advisors LLC now owns 302,879 shares of the real estate investment trust’s stock worth $1,427,000 after buying an additional 281,026 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Taubman Centers by 1.1% in the first quarter. Nationwide Fund Advisors now owns 197,276 shares of the real estate investment trust’s stock worth $13,024,000 after buying an additional 2,228 shares in the last quarter. Loeb Partners Corp increased its position in shares of Taubman Centers by 27.0% in the first quarter. Loeb Partners Corp now owns 12,700 shares of the real estate investment trust’s stock worth $838,000 after buying an additional 2,700 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Taubman Centers by 30.6% in the first quarter. State of Alaska Department of Revenue now owns 30,110 shares of the real estate investment trust’s stock worth $1,987,000 after buying an additional 7,050 shares in the last quarter.

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Taubman Centers (NYSE:TCO) opened at 60.83 on Tuesday. The company has a market capitalization of $3.69 billion, a PE ratio of 36.98 and a beta of 0.50. Taubman Centers has a 52 week low of $57.17 and a 52 week high of $81.68. The stock’s 50 day moving average price is $59.70 and its 200-day moving average price is $66.30.

Taubman Centers (NYSE:TCO) last announced its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.85 EPS for the quarter, missing the consensus estimate of $0.89 by $0.04. The company had revenue of $149.10 million during the quarter, compared to analysts’ expectations of $146.28 million. Taubman Centers had a negative return on equity of 168.15% and a net margin of 17.09%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, equities research analysts predict that Taubman Centers will post $1.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.50 dividend on an annualized basis and a yield of 4.11%. Taubman Centers’s dividend payout ratio is currently 152.44%.

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.

Analyst Recommendations for Taubman Centers (NYSE:TCO)

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