Taubman Centers shares had a trading volume of 5,704K on Tuesday. Volume was up 321.64% over the stocks average daily volume.
Investors are a little more bullish of late considering the fall in short interest. The company had a fall in short interest of -13.77% between September 29, 2017 and October 13, 2017. Short shares decreased from 3,533,590 to 3,047,143 over that period. The short-interest ratio decreased to 5.0 and the percentage of shorted shares was 0.05% on October 13.
These firms have modified their investment in TCO. As of the end of the quarter Ubs Asset Management Americas Inc had bought a total of 674 shares growing its stake by 2,496.3%. The value of the total investment in Taubman Centers went from $1,608,000 to $34,840,000 a change of $33,232,000 for the reporting period. Dimensional Fund Advisors Lp grew its ownership by buying 28,282 shares an increase of 3.2% as of 09/30/2017. Dimensional Fund Advisors Lp claims 923,894 shares worth $45,919,000. The total value of its holdings decreased 13.9%.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS reduced its position by shedding 2 shares a decrease of 0.0% from 06/30/2017 to 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now controls 8,856 shares valued at $440,000. The value of the position overall is down by 16.5%. As of quarter end Lasalle Investment Management Securities LLC had disposed of 209,714 shares trimming its holdings by 10.8%. The value of the investment in Taubman Centers decreased from $115,451,000 to $85,932,000 a change of 25.6% quarter to quarter.
On November 3, 2017 Boenning Scattergood maintained a “Hold” rating on the company.
October 13 investment analysts at Jefferies Group LLC reiterated a “Neutral” rating on the stock.
September 26 investment analysts at Jefferies Group LLC held the company rating at “Hold” projecting a price of $57.00.
The company is now down from yesterday’s close of 56.37. The company’s P/E ratio is 53.01 and the market value is 3.40B. In the last earnings report the EPS was $1.06 with 60.71M shares now outstanding.
Taubman Centers, Inc., launched on November 21, 1973, is a self-administered and self-managed real estate investment trust (REIT). The Business’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. The Company owns, leases, acquires, disposes of, develops, expands and manages regional and super-regional shopping centers and interests therein. Its owned portfolio of operating centers as of December 31, 2016 consisted of 23 urban and suburban shopping centers operating in 11 the United States states, Puerto Rico, South Korea, and China. The consolidated businesses consist of shopping centers and entities that are controlled by ownership or contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia)..