Shares of Taubman Centers, Inc. (NYSE:TCO) have been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.80.

A number of research analysts recently weighed in on the company. Deutsche Bank set a $60.00 price objective on Taubman Centers and gave the company a “hold” rating in a research note on Tuesday, June 11th. Citigroup set a $43.00 target price on Taubman Centers and gave the company a “hold” rating in a report on Friday, June 28th. Mizuho set a $43.00 target price on Taubman Centers and gave the company a “hold” rating in a report on Friday, July 26th. Zacks Investment Research lowered Taubman Centers from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Finally, ValuEngine lowered Taubman Centers from a “sell” rating to a “strong sell” rating in a report on Saturday, June 22nd.

In other Taubman Centers news, Director Michael J. Embler bought 5,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $39.11 per share, with a total value of $195,550.00. Following the acquisition, the director now directly owns 9,301 shares of the company’s stock, valued at approximately $363,762.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 31.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCO. Machina Capital S.A.S. acquired a new stake in shares of Taubman Centers during the 2nd quarter worth approximately $25,000. Quadrant Capital Group LLC grew its holdings in shares of Taubman Centers by 174.6% during the 1st quarter. Quadrant Capital Group LLC now owns 670 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 426 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Taubman Centers during the 2nd quarter worth approximately $34,000. Marshall Wace North America L.P. acquired a new stake in shares of Taubman Centers during the 1st quarter worth approximately $37,000. Finally, First Hawaiian Bank grew its holdings in shares of Taubman Centers by 28.4% during the 1st quarter. First Hawaiian Bank now owns 1,460 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 323 shares in the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TCO stock traded down $1.28 during trading on Wednesday, reaching $40.08. The company had a trading volume of 345,099 shares, compared to its average volume of 447,168. The stock has a 50 day moving average price of $40.68. Taubman Centers has a one year low of $38.56 and a one year high of $65.50. The firm has a market cap of $2.55 billion, a P/E ratio of 10.46, a PEG ratio of 2.83 and a beta of 0.71.

Taubman Centers (NYSE:TCO) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.73). Taubman Centers had a net margin of 9.68% and a negative return on equity of 20.52%. The company had revenue of $161.60 million during the quarter, compared to the consensus estimate of $162.17 million. During the same period in the previous year, the business posted $0.92 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Taubman Centers will post 3.67 EPS for the current year.

Taubman Centers Company Profile

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia and one under development. Taubman's U.S.-owned properties are the most productive in the publicly held U.S.

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Analyst Recommendations for Taubman Centers (NYSE:TCO)

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