Taubman Centers (TCO) : Hgi Capital Management scooped up 4,698 additional shares in Taubman Centers during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 39,262 shares of Taubman Centers which is valued at $3,090,312.Taubman Centers makes up approximately 4.87% of Hgi Capital Management’s portfolio.
Other Hedge Funds, Including , Geode Capital Management reduced its stake in TCO by selling 32,525 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 473,220 shares of TCO which is valued at $37,247,146. Taubman Centers makes up approx 0.02% of Geode Capital Management’s portfolio.William Blair Investment Management boosted its stake in TCO in the latest quarter, The investment management firm added 1,236 additional shares and now holds a total of 8,837 shares of Taubman Centers which is valued at $690,346.I.g. Investment Management Ltd. boosted its stake in TCO in the latest quarter, The investment management firm added 675 additional shares and now holds a total of 26,731 shares of Taubman Centers which is valued at $2,099,987. Taubman Centers makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio.Utah Retirement Systems reduced its stake in TCO by selling 400 shares or 2.86% in the most recent quarter. The Hedge Fund company now holds 13,603 shares of TCO which is valued at $1,082,119. Taubman Centers makes up approx 0.03% of Utah Retirement Systems’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in TCO by selling 5,000 shares or 22.73% in the most recent quarter. The Hedge Fund company now holds 17,000 shares of TCO which is valued at $1,352,350. Taubman Centers makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio.
Taubman Centers opened for trading at $77.66 and hit $78.39 on the upside on Monday, eventually ending the session at $77.98, with a gain of 0.78% or 0.6 points. The heightened volatility saw the trading volume jump to 2,25,578 shares. Company has a market cap of $4,710 M.
On the company’s financial health, Taubman Centers reported $1.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.06. The company had revenue of $158.90 million for the quarter, compared to analysts expectations of $143.39 million. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.
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.