Taubman Centers (TCO) has been under a strong bear grip, hence the stock is down -4.17% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.95% in the past 1 week. The stock has risen by 0.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.37% in the past 4 weeks.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.88% and the fifty day Moving Average is 1.2%. Taubman Centers, Inc. is up 12.31% in the last three month period. Year-to-Date the stock performance stands at 0.86%.
Taubman Centers (TCO) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $92 and the lowest price target forecast is $73. The average forecast of all the analysts is $83.43 and the expected standard deviation is $6.08.
Taubman Centers (NYSE:TCO): On Fridays trading session , Opening price of the stock was $78.44 with an intraday high of $78.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $76.81. However, the stock managed to close at $77.38, a loss of 1.07% for the day. On the previous day, the stock had closed at $78.22. The total traded volume of the day was 329,631 shares.
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 236,000 and 1.6 million square feet of gross leasable area (GLA) and between 186,000 and 671,000 square feet of Mall GLA with an average of 1 million and 0.5 million square feet, respectively.