Economy

Taubman Centers, Inc. (NYSE:TCO) Experiences Heavier than Average Trading Volume

About 1.17M shares traded or 106.79% up from the average.

Taubman Centers, Inc. (TCO) shows its Return on Assets (ROA) value of 2 percent, while the Return on Equity (ROE) value is 121.5 percent and Return on Investment (ROI) value stands at 2.9 percent. It has underperformed by 29.91% the S&P500. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Following the completion of the transaction, the director now directly owns 16,646 shares in the company, valued at approximately $947,157.40. The stock rose 2.43% or $0.52 reaching $21.93. About 666,239 shares traded. Lazard Ltd (NYSE:LAZ) has risen 35.63% since September 17, 2016 and is uptrending. It has outperformed by 27.69% the S&P500. The value of the investment in Taubman Centers, Inc. went from $15,634,000 to $15,083,000 a change of 3.5% for the reporting period. Therefore 33% are positive.

Among 15 analysts covering Taubman Centers Inc.

Taubman Centers (NYSE:TCO)'s stock was decreased to a solid Sell by analysts at Morgan Stanley, who now has a target price per share of $47.0. The ex-dividend date of this dividend is Thursday, September 14th. The company was maintained on Monday, July 24 by Jefferies. BidaskClub raised shares of Taubman Centers from a "hold" rating to a "buy" rating in a research note on Wednesday, July 19th. (NYSE:TCO) earned "Neutral" rating by BTIG Research on Thursday, August 25. The firm has "Mkt Perform" rating by Raymond James given on Friday, September 18. Credit Suisse reinitiated the stock with "Outperform" rating in Wednesday, March 16 report.

Taubman Centers, Inc.'s average Free Cash Flow per Share Growth Rate was 0 percent during the past 12 months.

In the market the company is trading down from yesterday's close of 50.82. The Company's segment is focused on owning, developing and managing regional shopping centers. The stock's market capitalization is 3.19B, it has a 52-week low of 50.72 and a 52-week high of 78.65. 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. Stockholders of record on Friday, September 15th will be given a dividend of $0.625 per share. Its down 0.08, from 0.9 in 2016Q3.

First Trust Advisors LP reduced its stake in shares of Taubman Centers, Inc.

These funds have shifted positions in (TCO). D E Shaw And Inc reported 51,806 shares. Virtu KCG Holdings LLC purchased a new position in Taubman Centers in the second quarter worth $227,000.

Taubman Centers, Inc.is a self-administered and self-managed real estate investment trust. Moreover, Goldman Sachs Group has 0.05% invested in Taubman Centers, Inc. It also upped Amphenol Corporation (NYSE:APH) stake by 420,875 shares and now owns 2.01 million shares. Amp Invsts Ltd holds 0.01% of its portfolio in Lazard Ltd (NYSE:LAZ) for 37,600 shares. Taubman Centers's payout ratio is 193.80%. (NYSE:TCO). Highbridge Mngmt Limited Co reported 39,502 shares.

Blackrock Mngmt Lc, New Jersey-based fund reported 208,744 shares. Cadence Mgmt Llc reported 4,394 shares. Long Pond Capital Lp sold 655,985 shares as Taubman Ctrs Inc (TCO)'s stock declined 11.85%. Florida-based Finemark Bancshares & has invested 0% in Taubman Centers, Inc. (NYSE:TCO) to release earnings on November, 7. Riverhead Capital Management LLC now owns 4,397 shares of the real estate investment trust's stock worth $262,000 after purchasing an additional 1,997 shares during the last quarter. TCO's profit would be $56.54 million giving it 13.66 P/E if the $0.93 EPS is correct.

Investors sentiment increased to 1.02 in Q4 2016. Its up 0.16, from 0.86 in 2016Q3. The total value of its holdings decreased 48.5%. 82 funds opened positions while 101 raised stakes. Royal Commercial Bank Of Canada holds 143,006 shares or 0% of its portfolio. It dived, as 36 investors sold TCO shares while 83 reduced holdings. Hexavest accumulated 1,500 shares. Reilly Fincl Advsrs Ltd Liability Com accumulated 1,043 shares. 169,531 are owned by Eagle Asset Mgmt Incorporated. Loomis Sayles Lp accumulated 0% or 144 shares. Pnc Financial Services Grp invested 0% of its portfolio in Lazard Ltd (NYSE:LAZ). (NASDAQ:STLD) for 5,690 shares. Bessemer Group has 1,250 shares. This represents an increase of 31% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.



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