The stock of Taubman Centers, Inc. (NYSE:TCO) is a huge mover today! Taubman Centers, Inc. (NYSE:TCO) has risen 3.67% since March 16, 2016 and is uptrending. It has underperformed by 1.87% the S&P500.
The move comes after 5 months positive chart setup for the $4.30 billion company. It was reported on Oct, 19 by Barchart.com. We have $115.36 PT which if reached, will make NYSE:TCO worth $2.71B more.
Analysts await Taubman Centers, Inc. (NYSE:TCO) to report earnings on October, 24. They expect $0.91 EPS, up 5.81% or $0.05 from last year’s $0.86 per share. TCO’s profit will be $55.29 million for 19.44 P/E if the $0.91 EPS becomes a reality. After $1.04 actual EPS reported by Taubman Centers, Inc. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.
Taubman Centers, Inc. (NYSE:TCO) Ratings Coverage
Out of 11 analysts covering Taubman Centers Inc. (NYSE:TCO), 6 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 55% are positive. Taubman Centers Inc. has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Neutral” rating by BTIG Research on Thursday, August 25. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Overweight” rating given on Thursday, December 17 by JP Morgan. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Buy” rating by Evercore on Tuesday, September 8. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Buy” rating by Goldman Sachs on Wednesday, September 28. The rating was initiated by Raymond James with “Mkt Perform” on Friday, September 18. Credit Suisse reinitiated it with “Outperform” rating and $90 target price in Wednesday, March 16 report. UBS maintained Taubman Centers, Inc. (NYSE:TCO) on Thursday, September 29 with “Neutral” rating. Cowen & Co upgraded Taubman Centers, Inc. (NYSE:TCO) on Wednesday, October 14 to “Outperform” rating. The stock has “Underperform” rating given by Jefferies on Tuesday, January 12. Evercore downgraded the stock to “Hold” rating in Monday, November 16 report.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.18 in Q2 2016. Its up 0.04, from 1.14 in 2016Q1. The ratio is positive, as 23 funds sold all Taubman Centers, Inc. shares owned while 80 reduced positions. 24 funds bought stakes while 98 increased positions. They now own 58.01 million shares or 4.06% more from 55.75 million shares in 2016Q1.
Voya Mgmt Ltd Com holds 0.02% or 125,380 shares in its portfolio. Moreover, Clinton Grp Inc has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 5,597 shares. Blackrock Advsr Ltd Co has 32,583 shares for 0% of their US portfolio. Stevens Cap Limited Partnership has invested 0.17% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Bnp Paribas Arbitrage Sa accumulated 32,827 shares or 0.01% of the stock. Ig Invest Mgmt Ltd accumulated 0.01% or 26,731 shares. Bank Of New York Mellon reported 920,673 shares or 0.02% of all its holdings. Fmr Ltd Liability Company, a Massachusetts-based fund reported 719,472 shares. Horizon Kinetics Ltd Liability Company has 6,111 shares for 0.01% of their US portfolio. Nationwide Fund holds 0.04% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 111,692 shares. Moreover, Benjamin F Edwards And has 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 48 shares. Gemmer Asset Management Ltd Liability holds 37 shares or 0% of its portfolio. Shelton Cap Management last reported 0.04% of its portfolio in the stock. Renaissance Gp Ltd Liability accumulated 0.02% or 5,054 shares. The Maryland-based Price T Rowe Inc Md has invested 0.02% in Taubman Centers, Inc. (NYSE:TCO).
Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 1 insider sale for $55,628 net activity. Shares for $55,628 were sold by Wolff David A. on Friday, June 3.
More recent Taubman Centers, Inc. (NYSE:TCO) news were published by: Wsj.com which released: “Investor Land & Buildings Calls on Taubman Centers to Tighten Up or Explore Sale” on October 18, 2016. Also Bloomberg.com published the news titled: “Forget Beijing: Mall Owner Taubman Likes Second Cities” on October 13, 2015. Seekingalpha.com‘s news article titled: “REIT Focus: Taubman Centers, Inc.” with publication date: November 16, 2015 was also an interesting one.
TCO Company Profile
Taubman Centers, Inc., incorporated on November 21, 1973, 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 (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Firm owns, leases, acquires, disposes of, develops, expands and manages regional and super-regional shopping centers and interests therein. The Company’s portfolio of operating centers consists of approximately 19 urban and suburban shopping centers in over 10 states and Puerto Rico. The consolidated businesses consist of shopping centers and entities that are controlled by ownership or contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia).
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