BNP Paribas Arbitrage SA lowered its position in shares of Taubman Centers, Inc. (NYSE:TCO) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,626 shares of the real estate investment trust’s stock after selling 2,221 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.07% of Taubman Centers worth $2,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCO. Capstone Asset Management Co. raised its stake in shares of Taubman Centers by 16.0% during the second quarter. Capstone Asset Management Co. now owns 7,046 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 970 shares during the period. Creative Planning raised its stake in shares of Taubman Centers by 8.0% during the second quarter. Creative Planning now owns 2,790 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 206 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Taubman Centers by 4.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 22,018 shares of the real estate investment trust’s stock valued at $1,311,000 after purchasing an additional 977 shares during the period. LS Investment Advisors LLC raised its stake in shares of Taubman Centers by 16.8% during the second quarter. LS Investment Advisors LLC now owns 4,805 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 692 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Taubman Centers by 72.4% during the second quarter. Nisa Investment Advisors LLC now owns 20,720 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 8,700 shares during the period.

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Shares of Taubman Centers, Inc. (TCO) opened at $56.31 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of -21.77. The stock has a market cap of $3,345.88, a price-to-earnings ratio of 15.22, a P/E/G ratio of 4.51 and a beta of 0.52. Taubman Centers, Inc. has a 12 month low of $44.78 and a 12 month high of $76.79.

Taubman Centers (NYSE:TCO) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.06). The business had revenue of $153.20 million during the quarter, compared to analyst estimates of $155.95 million. Taubman Centers had a negative return on equity of 75.87% and a net margin of 13.21%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. analysts expect that Taubman Centers, Inc. will post 3.72 EPS for the current year.

TCO has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $57.00 price objective on shares of Taubman Centers in a research note on Tuesday, September 26th. Boenning Scattergood reiterated a “hold” rating on shares of Taubman Centers in a research note on Monday, July 31st. BidaskClub lowered shares of Taubman Centers from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of Taubman Centers from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Finally, J P Morgan Chase & Co lowered shares of Taubman Centers from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $57.00 in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.14.

Taubman Centers 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.

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

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