Texas Permanent School Fund boosted its position in shares of Taubman Centers, Inc. (NYSE:TCO) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,312 shares of the real estate investment trust’s stock after buying an additional 498 shares during the period. Texas Permanent School Fund owned 0.07% of Taubman Centers worth $2,639,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Taubman Centers by 9.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 530,880 shares of the real estate investment trust’s stock worth $35,049,000 after buying an additional 43,795 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Taubman Centers by 30.6% in the first quarter. State of Alaska Department of Revenue now owns 30,110 shares of the real estate investment trust’s stock valued at $1,987,000 after buying an additional 7,050 shares during the last quarter. Madison International Realty Holdings LLC boosted its position in shares of Taubman Centers by 12.5% in the first quarter. Madison International Realty Holdings LLC now owns 1,449,837 shares of the real estate investment trust’s stock valued at $95,718,000 after buying an additional 161,200 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Taubman Centers by 2.2% in the first quarter. Vanguard Group Inc. now owns 9,465,848 shares of the real estate investment trust’s stock valued at $624,935,000 after buying an additional 202,444 shares during the last quarter. Finally, Utah Retirement Systems boosted its position in shares of Taubman Centers by 4.9% in the first quarter. Utah Retirement Systems now owns 15,003 shares of the real estate investment trust’s stock valued at $991,000 after buying an additional 700 shares during the last quarter. 98.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Taubman Centers, Inc. (NYSE:TCO) traded down 0.87% during mid-day trading on Friday, reaching $52.22. The company had a trading volume of 1,025,388 shares. The company has a 50 day moving average price of $57.84 and a 200 day moving average price of $62.60. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 40.36 and a beta of 0.49. Taubman Centers, Inc. has a one year low of $51.62 and a one year high of $80.86.

Taubman Centers (NYSE:TCO) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. Taubman Centers had a negative return on equity of 110.46% and a net margin of 14.71%. The business had revenue of $154.68 million for the quarter, compared to the consensus estimate of $142.16 million. During the same period last year, the business posted $1.04 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. On average, analysts anticipate that Taubman Centers, Inc. will post $1.14 EPS for the current year.

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Several brokerages recently issued reports on TCO. Zacks Investment Research cut Taubman Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub raised Taubman Centers from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. KeyCorp cut their target price on Taubman Centers from $85.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 28th. Deutsche Bank AG lifted their target price on Taubman Centers from $68.00 to $71.00 and gave the company a “hold” rating in a research report on Monday, May 22nd. Finally, ValuEngine cut Taubman Centers from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $73.57.

In other Taubman Centers news, Director Myron E. Ullman III bought 12,325 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $56.90 per share, for a total transaction of $701,292.50. Following the purchase, the director now owns 16,646 shares in the company, valued at approximately $947,157.40. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 31.20% of the company’s stock.

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.

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

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