Are Analysts Bullish Taubman Centers, Inc. (NYSE:TCO) After Last Week?

January 13, 2018 - By Dolores Ford

 Are Analysts Bullish Taubman Centers, Inc. (NYSE:TCO) After Last Week?
Investors sentiment is 1.22 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 25 investors sold Taubman Centers, Inc. shares while 61 reduced holdings. only 31 funds opened positions while 74 raised stakes. 56.53 million shares or 2.90% less from 58.22 million shares in 2017Q2 were reported.
Nuveen Asset Mngmt Ltd Liability Company holds 0.01% in Taubman Centers, Inc. (NYSE:TCO) or 23,321 shares. D E Shaw reported 48,850 shares or 0% of all its holdings. Aperio Grp Ltd Llc owns 18,721 shares. 923,894 are held by Dimensional Fund Ltd Partnership. Citadel Advsrs Ltd Liability Corporation holds 0% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 50,642 shares. Teachers Ins And Annuity Association Of America has 59,024 shares for 0.08% of their portfolio. Oppenheimer Asset Mngmt invested 0.01% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Tower Capital Ltd Liability Corporation (Trc) invested 0% in Taubman Centers, Inc. (NYSE:TCO). Fmr Limited Liability Company reported 1.04 million shares or 0.01% of all its holdings. Apg Asset Management Us reported 1.11% stake. Whittier Tru Co has 0% invested in Taubman Centers, Inc. (NYSE:TCO). Moreover, Clarkston Llc has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO). Proshare Advisors Limited Com has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO). Credit Suisse Ag, a Switzerland-based fund reported 791,823 shares. Jacobs Levy Equity Mngmt invested in 0.11% or 111,718 shares.

Since December 13, 2017, it had 1 insider buy, and 3 sales for $5.60 million activity. On Wednesday, December 13 TAUBMAN ROBERT S sold $3.64 million worth of Taubman Centers, Inc. (NYSE:TCO) or 58,000 shares. Wolff David A. sold 318 shares worth $20,657. 4,000 shares were bought by Marakovits Cornelia Connelly, worth $253,400.

Taubman Centers, Inc. (NYSE:TCO) Ratings Coverage

Among 17 analysts covering Taubman Centers Inc. (NYSE:TCO), 4 have Buy rating, 1 Sell and 12 Hold. Therefore 24% are positive. Taubman Centers Inc. has $94 highest and $48.0 lowest target. $75’s average target is 20.00% above currents $62.5 stock price. Taubman Centers Inc. had 32 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, January 9, the company rating was maintained by BMO Capital Markets. The company was maintained on Monday, June 19 by Jefferies. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, September 14. J.P. Morgan downgraded Taubman Centers, Inc. (NYSE:TCO) rating on Tuesday, September 26. J.P. Morgan has “Hold” rating and $57.0 target. The firm earned “Outperform” rating on Wednesday, October 14 by Cowen & Co. As per Thursday, September 29, the company rating was maintained by UBS. As per Wednesday, August 23, the company rating was maintained by Jefferies. Evercore downgraded the shares of TCO in report on Monday, November 16 to “Hold” rating. The firm has “Neutral” rating given on Tuesday, September 26 by JP Morgan. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Mkt Perform” rating by Raymond James on Friday, September 18. Below is a list of Taubman Centers, Inc. (NYSE:TCO) latest ratings and price target changes.

09/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $62.0 Maintain
22/12/2017 Broker: Jefferies Rating: Hold New Target: $56.0 Maintain
13/12/2017 Broker: BMO Capital Markets Old Rating: Underperform New Rating: Market Perform Old Target: $48 Upgrade
08/11/2017 Broker: Mizuho Old Rating: Buy New Rating: Neutral Downgrade
11/10/2017 Broker: Jefferies Rating: Hold New Target: $55.0 Maintain
26/09/2017 Broker: J.P. Morgan Rating: Hold New Target: $57.0 Downgrade
25/09/2017 Broker: Jefferies Rating: Hold New Target: $57.0 Maintain
26/09/2017 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
18/09/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Downgrade
11/09/2017 Broker: BMO Capital Markets Rating: Sell New Target: $48.0 Initiate

The stock decreased 0.30% or $0.19 during the last trading session, reaching $62.5. About 480,311 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 13.21% since January 13, 2017 and is downtrending. It has underperformed by 29.91% the S&P500.

Taubman Centers, Inc. operates as a real estate investment trust. The company has market cap of $5.35 billion. As of June 30, 2005, the firm owned a 63% managing general partnerÂ’s interest in The Taubman Realty Group Limited Partnership . It has a 59.19 P/E ratio. The operating partnership engages in the ownership, management, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein.

More recent Taubman Centers, Inc. (NYSE:TCO) news were published by: Seekingalpha.com which released: “Taubman Centers Is The Most Vulnerable Mall REIT” on January 02, 2018. Also Businesswire.com published the news titled: “Land & Buildings Issues Presentation on Taubman Centers” on December 19, 2017. Seekingalpha.com‘s news article titled: “Taubman Centers: Activists Circle This Undervalued REIT” with publication date: November 28, 2017 was also an interesting one.

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