Taubman Centers, Inc. (TCO) Shares Sold by Barr E S & Co.

Barr E S & Co. lowered its stake in Taubman Centers, Inc. (NYSE:TCO) by 52.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,250 shares of the real estate investment trust’s stock after selling 4,700 shares during the period. Barr E S & Co.’s holdings in Taubman Centers were worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCO. Capstone Asset Management Co. boosted its holdings in shares of Taubman Centers by 16.0% in the 2nd quarter. Capstone Asset Management Co. now owns 7,046 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 970 shares during the period. Creative Planning boosted its holdings in shares of Taubman Centers by 8.0% in the 2nd quarter. Creative Planning now owns 2,790 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 206 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Taubman Centers by 4.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,018 shares of the real estate investment trust’s stock valued at $1,311,000 after buying an additional 977 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of Taubman Centers by 16.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,805 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 692 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Taubman Centers by 72.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,720 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 8,700 shares during the period.

Taubman Centers, Inc. (TCO) traded up $0.24 during midday trading on Friday, hitting $56.55. 469,908 shares of the company were exchanged, compared to its average volume of 1,648,578. The company has a debt-to-equity ratio of -21.77, a current ratio of 0.35 and a quick ratio of 0.35. Taubman Centers, Inc. has a twelve month low of $44.78 and a twelve month high of $76.79. The company has a market cap of $3,433.32, a P/E ratio of 15.62, a P/E/G ratio of 4.63 and a beta of 0.52.

Taubman Centers (NYSE:TCO) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.06). Taubman Centers had a negative return on equity of 75.87% and a net margin of 13.21%. The business had revenue of $153.20 million during the quarter, compared to the consensus estimate of $155.95 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. analysts forecast that Taubman Centers, Inc. will post 3.72 EPS for the current year.

TCO has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $57.00 target price on shares of Taubman Centers in a research note on Tuesday, September 26th. Boenning Scattergood reissued a “hold” rating on shares of Taubman Centers in a research note on Monday, July 31st. BidaskClub lowered shares of Taubman Centers from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Taubman Centers from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Finally, J P Morgan Chase & Co lowered shares of Taubman Centers from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $64.00 to $57.00 in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.14.

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Taubman Centers 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.

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Institutional Ownership by Quarter for Taubman Centers (NYSE:TCO)

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