November 17, 2016 - By Linda Rogers · 0 Comments
The stock of Taubman Centers Incorporated (NYSE:TCO) registered an increase of 5.96% in short interest. TCO’s total short interest was 1.93 million shares in November as published by FINRA. Its up 5.96% from 1.82 million shares, reported previously. With 308,000 shares average volume, it will take short sellers 6 days to cover their TCO’s short positions. The short interest to Taubman Centers Incorporated’s float is 3.53%. About 9,655 shares traded hands. Taubman Centers, Inc. (NYSE:TCO) has declined 1.78% since April 14, 2016 and is downtrending. It has underperformed by 6.41% the S&P500.
Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust . The company has a market cap of $4.37 billion. The Company’s segment is focused on owning, developing and managing regional shopping centers. It has a 42.54 P/E ratio. 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.
Insitutional Activity: The institutional sentiment increased to 1.18 in Q2 2016. Its up 0.04, from 1.14 in 2016Q1. The ratio improved, 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.
Ubs Asset Mngmt Americas has 121,230 shares for 0.01% of their US portfolio. Teachers Incorporated last reported 51,050 shares in the company. First Trust Advisors Lp owns 27,416 shares or 0.01% of their US portfolio. Sg Americas Ltd Com holds 0.02% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 40,527 shares. Huntington Savings Bank has 4,695 shares for 0.01% of their US portfolio. Creative Planning accumulated 3,181 shares or 0% of the stock. Art Advsr Limited Co accumulated 18,052 shares or 0.07% of the stock. Cornerstone Real Est Advisers Limited Liability Com owns 103,170 shares or 2.53% of their US portfolio. Moreover, Tiaa Cref Invest Lc has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 321,731 shares. Manufacturers Life Insurance Com The has 81,534 shares for 0.01% of their US portfolio. Sarasin And Partners Llp accumulated 0.04% or 36,395 shares. Advsrs Preferred Ltd Liability Com, a Maryland-based fund reported 314 shares. Moreover, Citadel Advsr Ltd Company has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO) for 68,140 shares. Daiwa Secs Grp Inc, a Japan-based fund reported 2,200 shares. Long Pond Cap L P last reported 3.58 million shares in the company.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 1 sale for $55,628 net activity. Wolff David A. sold $55,628 worth of stock.
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 company was upgraded on Monday, August 24 by Oppenheimer. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. The stock has “Mkt Perform” rating given by Raymond James on Friday, September 18. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, September 14. The firm has “Buy” rating by Goldman Sachs given on Wednesday, September 28. The stock has “Buy” rating given by Evercore on Tuesday, September 8. The firm has “Outperform” rating given on Wednesday, March 16 by Credit Suisse. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Neutral” rating given on Thursday, September 29 by UBS. The rating was upgraded by JP Morgan on Thursday, December 17 to “Overweight”. On Wednesday, October 14 the stock rating was upgraded by Cowen & Co to “Outperform”.
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).
More news for Taubman Centers, Inc. (NYSE:TCO) were recently published by: Bloomberg.com, which released: “Forget Beijing: Mall Owner Taubman Likes Second Cities” on October 13, 2015. Wsj.com‘s article titled: “Investor Land & Buildings Calls on Taubman Centers to Tighten Up or Explore Sale” and published on October 18, 2016 is yet another important article.
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By Linda Rogers