Taubman Centers Inc (TCO): David A. Wolff , CAO of Taubman Centers Inc sold 794 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $70.06 per share for a total value of $55,627.64 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 22, 2016, Robert S Taubman (CEO) purchased 2,240 shares at $70.18 per share price.On Feb 22, 2016, William S Taubman (Chief Operating Officer) sold 34,876 shares at $68.13 per share price.Also, On Jan 4, 2016, Lisa A Payne (director) sold 1,250 shares at $76.03 per share price.On May 18, 2015, Craig M Hatkoff (director) sold 3,300 shares at $75.91 per share price.
Taubman Centers: On Friday, Jun 3, 2016 heightened volatility was witnessed in Taubman Centers which led to swings in the share price. The shares opened for trading at $70.21 and hit $70.76 on the upside , eventually ending the session at $70.4, with a gain of 0.64% or 0.45 points. The heightened volatility saw the trading volume jump to 4,38,716 shares. The 52-week high of the share price is $79.74 and the company has a market cap of $4,248 M . The 52-week low of the share price is at $63.32.
Company has been under the radar of several Street Analysts.Taubman Centers is Initiated by Mizuho to Buy and the brokerage firm has set the Price Target at $86. The Rating was issued on Apr 14, 2016.
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.