November 30, 2016 - By Winifred Garcia · 0 Comments
Taubman Centers Inc (NYSE:TCO) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -0.28, from 1.18 in 2016Q1. The ratio has dropped, as 122 investment managers increased or started new positions, while 103 trimmed and sold holdings in Taubman Centers Inc. The investment managers in our partner’s database now own: 58.01 million shares, up from 55.75 million shares in 2016Q1. Also, the number of investment managers holding Taubman Centers Inc in their top 10 positions increased from 1 to 3 for an increase of 2. Sold All: 23 Reduced: 80 Increased: 98 New Position: 24.
Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust . The company has a market cap of $4.38 billion. The Company’s segment is focused on owning, developing and managing regional shopping centers. It has a 42.19 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.
About 85,165 shares traded hands. Taubman Centers, Inc. (NYSE:TCO) has declined 2.93% since April 27, 2016 and is downtrending. It has underperformed by 8.16% the S&P500.
Analysts await Taubman Centers, Inc. (NYSE:TCO) to report earnings on February, 8. They expect $1.06 earnings per share, up 8.16% or $0.08 from last year’s $0.98 per share. TCO’s profit will be $64.02M for 17.10 P/E if the $1.06 EPS becomes a reality. After $0.94 actual earnings per share reported by Taubman Centers, Inc. for the previous quarter, Wall Street now forecasts 12.77% EPS growth.
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.”
Long Pond Capital Lp holds 12.44% of its portfolio in Taubman Centers, Inc. for 3.58 million shares. Land & Buildings Investment Management Llc owns 141,100 shares or 5.66% of their US portfolio. Moreover, American Assets Capital Advisers has 3.49% invested in the company for 73,151 shares. The Connecticut-based Cornerstone Real Estate Advisers Llc has invested 2.53% in the stock. Lasalle Investment Management Securities Llc, a Maryland-based fund reported 3.42 million shares.#img1#
Ratings analysis reveals 55% of Taubman Centers Inc.’s analysts are positive. Out of 11 Wall Street analysts rating Taubman Centers Inc., 6 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $76 while the high is $94. The stock’s average target of $84.17 is 16.06% above today’s ($72.52) share price. TCO was included in 15 notes of analysts from July 21, 2015. The stock has “Neutral” rating given by BTIG Research on Thursday, August 25. UBS maintained Taubman Centers, Inc. (NYSE:TCO) rating on Thursday, September 29. UBS has “Neutral” rating and $80 price target. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, September 14. The rating was upgraded by JP Morgan to “Overweight” on Thursday, December 17. The firm has “Outperform” rating given on Wednesday, October 14 by Cowen & Co. The rating was upgraded by Goldman Sachs to “Buy” on Wednesday, September 28. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 16. Evercore maintained Taubman Centers, Inc. (NYSE:TCO) rating on Tuesday, September 8. Evercore has “Buy” rating and $78 price target. The rating was downgraded by Jefferies on Tuesday, January 12 to “Underperform”. The firm earned “Hold” rating on Monday, November 16 by Evercore.
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 Winifred Garcia