Stevens Capital Management LP Acquires Shares of 15,424 Taubman Centers, Inc. (TCO)

Stevens Capital Management LP acquired a new position in shares of Taubman Centers, Inc. (NYSE:TCO) during the first quarter, according to its most recent filing with the SEC. The firm acquired 15,424 shares of the real estate investment trust’s stock, valued at approximately $1,018,000.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Taubman Centers by 3.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,992 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 300 shares during the last quarter. Northern Trust Corp increased its stake in shares of Taubman Centers by 0.3% in the third quarter. Northern Trust Corp now owns 837,912 shares of the real estate investment trust’s stock worth $62,348,000 after buying an additional 2,498 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Taubman Centers by 0.8% in the third quarter. Principal Financial Group Inc. now owns 277,269 shares of the real estate investment trust’s stock worth $20,631,000 after buying an additional 2,288 shares during the last quarter. KRV Capital LP increased its stake in shares of Taubman Centers by 44.9% in the third quarter. KRV Capital LP now owns 215,726 shares of the real estate investment trust’s stock worth $16,052,000 after buying an additional 66,808 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Taubman Centers by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,459 shares of the real estate investment trust’s stock worth $2,118,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

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

Shares of Taubman Centers, Inc. (NYSE:TCO) traded up 0.63% on Friday, reaching $59.50. 284,367 shares of the company’s stock were exchanged. The company has a market capitalization of $3.61 billion, a P/E ratio of 36.17 and a beta of 0.57. The stock’s 50-day moving average price is $63.50 and its 200-day moving average price is $68.93. Taubman Centers, Inc. has a 1-year low of $57.85 and a 1-year high of $81.68.

Taubman Centers (NYSE:TCO) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $149.10 million during the quarter, compared to analyst estimates of $146.28 million. Taubman Centers had a negative return on equity of 618.56% and a net margin of 18.48%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. Analysts anticipate that Taubman Centers, Inc. will post $1.16 EPS for the current fiscal year.

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TCO has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Taubman Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Morgan Stanley downgraded shares of Taubman Centers from an “overweight” rating to an “equal weight” rating and set a $71.00 price objective for the company. in a research report on Thursday, February 16th. Deutsche Bank AG reduced their price objective on shares of Taubman Centers from $72.00 to $68.00 and set a “hold” rating for the company in a research report on Tuesday, March 21st. Jefferies Group LLC restated a “hold” rating and issued a $70.00 price objective on shares of Taubman Centers in a research report on Monday, April 17th. Finally, ValuEngine upgraded shares of Taubman Centers from a “hold” rating to a “buy” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $78.13.

Taubman Centers Company 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.

5 Day Chart for NYSE:TCO

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