Taubman Centers(TCO) is having a Dividend Yield of 3.49% with the Annual cash Dividend per share of $2.38. The last quarter cash dividend per share pay out was $0.6. Taubman Centers has a 5 year average dividend yield of 2.87% and the stock has a Indicated annual dividend of $2.38. Taubman Centers(TCO) formally announced its most recent dividend on January 5, 2017 with a Dividend per share of $0.6. The new indicated annual dividend based on announced dividend per share is $2.38. The dividend yield based on the forward looking indicated annual dividend is 3.49%. Taubman Centers(TCO) has the most recent dividend payout ratio of 0.62 with a 5-year average payout ratio of 0.61. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.01. The 5 year historical dividend growth of Taubman Centers(TCO) is at the rate of 6.21% while the R-Squared dividend growth is 0.95. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Taubman Centers, Inc. (NYSE:TCO) witnessed a decline in the market cap on Thursday as its shares dropped 0.38% or 0.26 points. After the session commenced at $67.87, the stock reached the higher end at $68.11 while it hit a low of $67.39. With the volume soaring to 613,313 shares, the last trade was called at $68.01. The company has a 52-week high of $81.68. The company has a market cap of $4,110 million and there are 60,430,613 shares in outstanding. The 52-week low of the share price is $66.95. Taubman Centers, Inc. has lost 3.97% in the last five trading days and dropped 5.83% in the last 4 weeks. Taubman Centers, Inc. has dropped 7.49% during the last 3-month period . Year-to-Date the stock performance stands at -8.01%.
Currently the company Insiders own 31.2% of Taubman Centers, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.15% . Institutional Investors own 99.87% of Taubman Centers, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -33.15%. Company has reported several Insider transactions to the SEC, on Dec 23, 2016, Craig M Hatkoff (director) sold 2,400 shares at 72.78 per share price.On Jun 6, 2016, David A. Wolff (CAO) sold 794 shares at 70.06 per share price.On Mar 22, 2016, Robert S Taubman (CEO) purchased 2,240 shares at 70.18 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Taubman Centers was Downgraded by Morgan Stanley to Equal-Weight on Feb 16, 2017. Taubman Centers was Downgraded by Goldman to Neutral on Jan 11, 2017.
Taubman Centers Last issued its quarterly earnings results on Feb 9, 2017. The company reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $1.02. The company had revenue of $166.19 million for the quarter, compared to analysts expectations of $165.04 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.
TAUBMAN CENTERS, INC., a real estate investment trust, is the managing general partner of, and owns an interest in, The Taubman Realty Group Limited Partnership (TRG). TRG is an operating partnership that engages in the ownership, operation, management, leasing, acquisition, development, redevelopment, expansion, financing and refinancing of regional retail shopping centers and interest therein.