Taubman Centers, Inc. (TCO) Given Neutral Rating at Mizuho

Taubman Centers, Inc. (NYSE:TCO)‘s stock had its “neutral” rating reiterated by equities research analysts at Mizuho in a research report issued on Wednesday, November 8th.

TCO has been the topic of several other reports. Zacks Investment Research lowered shares of Taubman Centers from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. J P Morgan Chase & Co lowered shares of Taubman Centers from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $57.00 in a research report on Tuesday, September 26th. BMO Capital Markets initiated coverage on shares of Taubman Centers in a research report on Monday, September 11th. They set an “underperform” rating on the stock. Morgan Stanley lowered shares of Taubman Centers from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 18th. Finally, Jefferies Group LLC reiterated a “neutral” rating on shares of Taubman Centers in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.14.

Shares of Taubman Centers (TCO) opened at $55.67 on Wednesday. The company has a market cap of $3,430.00, a PE ratio of 15.62, a PEG ratio of 4.63 and a beta of 0.52. Taubman Centers has a 1-year low of $44.78 and a 1-year high of $76.79. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of -21.77.

Taubman Centers (NYSE:TCO) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.06). The firm had revenue of $153.20 million for the quarter, compared to analysts’ expectations of $155.95 million. Taubman Centers had a negative return on equity of 75.87% and a net margin of 13.21%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share. sell-side analysts anticipate that Taubman Centers will post 3.72 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Taubman Centers by 1.3% in the 2nd quarter. BlackRock Inc. now owns 6,495,611 shares of the real estate investment trust’s stock valued at $386,814,000 after acquiring an additional 82,291 shares during the period. State Street Corp grew its holdings in Taubman Centers by 0.5% during the 2nd quarter. State Street Corp now owns 2,665,010 shares of the real estate investment trust’s stock valued at $158,705,000 after purchasing an additional 13,584 shares in the last quarter. Citigroup Inc. grew its holdings in Taubman Centers by 2.1% during the 2nd quarter. Citigroup Inc. now owns 2,147,396 shares of the real estate investment trust’s stock valued at $127,878,000 after purchasing an additional 44,342 shares in the last quarter. Prudential Financial Inc. grew its holdings in Taubman Centers by 8.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,262,304 shares of the real estate investment trust’s stock valued at $75,170,000 after purchasing an additional 94,011 shares in the last quarter. Finally, Land & Buildings Investment Management LLC grew its holdings in Taubman Centers by 14.5% during the 3rd quarter. Land & Buildings Investment Management LLC now owns 1,053,547 shares of the real estate investment trust’s stock valued at $52,361,000 after purchasing an additional 133,100 shares in the last quarter.

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About Taubman Centers

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.

Analyst Recommendations for Taubman Centers (NYSE:TCO)

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