Taubman Centers, Inc. (TCO) Can’t Be More Risky. Trades Sigfnicicantly Lower

Taubman Centers, Inc. (NYSE:TCO) Logo

Investors sentiment increased to 1.38 in Q2 2019. Its up 0.18, from 1.2 in 2019Q1. It increased, as 13 investors sold Taubman Centers, Inc. shares while 66 reduced holdings. 46 funds opened positions while 63 raised stakes. 55.72 million shares or 1.58% less from 56.61 million shares in 2019Q1 were reported.
Pnc Ser Group invested 0% in Taubman Centers, Inc. (NYSE:TCO). California State Teachers Retirement Systems reported 0.01% stake. Moreover, Kbc Gru Nv has 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 752 shares. Brown Brothers Harriman & Communications holds 0% or 5 shares in its portfolio. Deutsche Fincl Bank Ag holds 149,391 shares or 0% of its portfolio. Comerica Commercial Bank has invested 0.02% in Taubman Centers, Inc. (NYSE:TCO). Ameriprise Inc reported 371,038 shares. Virginia Retirement Et Al holds 0.03% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 60,700 shares. Huntington National Bank & Trust accumulated 4,908 shares. Hightower Advsr Limited Liability Company owns 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 5,070 shares. Louisiana State Employees Retirement reported 0.03% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). New York-based Ny State Teachers Retirement System has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO). Zurcher Kantonalbank (Zurich Cantonalbank) has 34,445 shares for 0.01% of their portfolio. Clearbridge Invs Ltd Com accumulated 600 shares. Millennium Mngmt Llc accumulated 0.01% or 264,195 shares.

Since August 5, 2019, it had 1 insider purchase, and 0 sales for $195,550 activity.

The stock of Taubman Centers, Inc. (NYSE:TCO) is a huge mover today! The stock decreased 1.83% or $0.78 during the last trading session, reaching $42.18. About 181,209 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 33.86% since September 13, 2018 and is downtrending. It has underperformed by 33.86% the S&P500.
The move comes after 7 months negative chart setup for the $2.58B company. It was reported on Sep, 13 by Barchart.com. We have $38.81 PT which if reached, will make NYSE:TCO worth $206.56M less.

Analysts await Taubman Centers, Inc. (NYSE:TCO) to report earnings on November, 4. They expect $0.89 earnings per share, down 11.88 % or $0.12 from last year’s $1.01 per share. TCO’s profit will be $54.48M for 11.85 P/E if the $0.89 EPS becomes a reality. After $0.94 actual earnings per share reported by Taubman Centers, Inc. for the previous quarter, Wall Street now forecasts -5.32 % negative EPS growth.

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

Among 2 analysts covering Taubman Centers (NYSE:TCO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Taubman Centers has $64 highest and $4100 lowest target. $52.50’s average target is 24.47% above currents $42.18 stock price. Taubman Centers had 5 analyst reports since March 28, 2019 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, September 3 report. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Hold” rating by Morgan Stanley on Thursday, June 20. The firm earned “Buy” rating on Thursday, June 20 by Sandler O’Neill.

More notable recent Taubman Centers, Inc. (NYSE:TCO) news were published by: Finance.Yahoo.com which released: “Here is What Hedge Funds Think About Uniti Group Inc. (UNIT) – Yahoo Finance” on May 02, 2019, also Fool.com with their article: “An Activist Investor Is Targeting Taubman Centers’ “Jewel Box” – The Motley Fool” published on June 27, 2019, Finance.Yahoo.com published: “Why Is Taubman (TCO) Down 11.2% Since Last Earnings Report? – Yahoo Finance” on May 30, 2019. More interesting news about Taubman Centers, Inc. (NYSE:TCO) were released by: Finance.Yahoo.com and their article: “How To Look At Taubman Centers, Inc. (NYSE:TCO) – Yahoo Finance” published on April 26, 2019 as well as Businesswire.com‘s news article titled: “Taubman Nominates Michelle J. Goldberg to Board of Directors – Business Wire” with publication date: April 22, 2019.

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. The company has market cap of $2.58 billion. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. It has a 56.92 P/E ratio. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich.

Taubman Centers, Inc. (NYSE:TCO) Institutional Positions Chart

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