Taubman Centers (TCO) : Pensionfund Sabic added new position in Taubman Centers during the most recent quarter end. The investment management firm now holds 6,000 shares of Taubman Centers which is valued at $414,600 according to a report filed by the company on Apr 4, 2016 with the SEC.Taubman Centers makes up approximately 0.13% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands added TCO to its portfolio by purchasing 16,000 company shares during the most recent quarter which is valued at $1.1 Million. Taubman Centers makes up approx 0.15% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, Taubman Centers reported $0.98 EPS for the quarter, based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus estimate of $0.98. The company had revenue of $156.22 million for the quarter, compared to analysts expectations of $152.65 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on Taubman Centers. Mizuho Initiated Taubman Centers on Apr 14, 2016 to “Buy”, Price Target of the shares are set at $86.Taubman Centers was Upgraded by Jefferies to ” Hold” on Feb 29, 2016. Taubman Centers was Downgraded by Jefferies to ” Underperform” on Jan 12, 2016.
Taubman Centers closed down -0.3 points or -0.43% at $69.1 with 3,02,031 shares getting traded on Monday. Post opening the session at $69.5, the shares hit an intraday low of $68.92 and an intraday high of $69.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Taubman Centers Inc. is a self-administered and self-managed real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (TRG) is a 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. The Companys portfolio of operating centers as of December 31 2014 consisted of 18 urban and suburban shopping centers in 10 states. The centers are located in metropolitan areas including Denver Detroit Los Angeles Miami Nashville New York City Orlando Salt Lake City San Francisco Sarasota Saint Louis Tampa and Washington D.C. The centers range in size between 236000 and 1.6 million square feet of gross leasable area (GLA) and between 186000 and 671000 square feet of Mall GLA with an average of 1 million and 0.5 million square feet respectively.