Somewhat Positive News Coverage Somewhat Unlikely to Affect Taubman Centers (TCO) Share Price

Press coverage about Taubman Centers (NYSE:TCO) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog 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 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.9071625004073 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Taubman Centers (NYSE:TCO) opened at $54.97 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of -21.77. The stock has a market capitalization of $3,448.48, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 4.49 and a beta of 0.52. Taubman Centers has a one year low of $44.78 and a one year high of $71.00.

Taubman Centers (NYSE:TCO) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. The company had revenue of $172.18 million for the quarter, compared to analysts’ expectations of $164.26 million. Taubman Centers had a negative return on equity of 75.87% and a net margin of 13.21%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. equities research analysts anticipate that Taubman Centers will post 3.69 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Taubman Centers from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. 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. Mizuho reaffirmed a “neutral” rating on shares of Taubman Centers in a report on Wednesday, November 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a report on Friday, November 3rd. Finally, Jefferies Group reaffirmed a “neutral” rating on shares of Taubman Centers in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $65.00.

In other Taubman Centers news, COO William S. Taubman sold 35,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $62.68, for a total value of $2,193,800.00. Following the sale, the chief operating officer now directly owns 67,633 shares in the company, valued at $4,239,236.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cornelia Connelly Marakovits bought 4,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was bought at an average price 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 disclosure for this purchase can be found here. Insiders sold 93,318 shares of company stock worth $5,849,897 over the last quarter. 31.20% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Taubman Centers (NYSE:TCO)

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