Taubman Centers (TCO) Shares Bought by FDx Advisors Inc.

FDx Advisors Inc. boosted its holdings in Taubman Centers (NYSE:TCO) by 25.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,970 shares of the real estate investment trust’s stock after acquiring an additional 1,199 shares during the quarter. FDx Advisors Inc.’s holdings in Taubman Centers were worth $340,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TCO. Cbre Clarion Securities LLC acquired a new stake in Taubman Centers in the fourth quarter valued at about $176,250,000. V3 Capital Management L.P. acquired a new stake in Taubman Centers in the fourth quarter valued at about $84,241,000. Brookfield Asset Management Inc. acquired a new stake in Taubman Centers in the fourth quarter valued at about $82,200,000. Long Pond Capital LP boosted its stake in Taubman Centers by 35.9% in the fourth quarter. Long Pond Capital LP now owns 4,115,222 shares of the real estate investment trust’s stock valued at $269,259,000 after buying an additional 1,086,367 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its position in Taubman Centers by 1,468.2% in the fourth quarter. AMP Capital Investors Ltd now owns 1,062,078 shares of the real estate investment trust’s stock valued at $69,493,000 after purchasing an additional 994,350 shares during the last quarter.

Taubman Centers stock opened at $52.21 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of -21.43. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 3.51 and a beta of 0.53. Taubman Centers has a 12 month low of $52.80 and a 12 month high of $53.62.

Taubman Centers (NYSE:TCO) last issued its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.63). Taubman Centers had a negative return on equity of 49.86% and a net margin of 11.63%. The company had revenue of $161.49 million for the quarter, compared to the consensus estimate of $152.82 million. During the same quarter last year, the business earned $0.85 earnings per share. Taubman Centers’s revenue was up 8.3% compared to the same quarter last year. research analysts anticipate that Taubman Centers will post 3.77 EPS for the current year.

TCO has been the subject of several research reports. Citigroup increased their target price on Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Sandler O’Neill set a $63.00 target price on Taubman Centers and gave the company a “hold” rating in a research report on Tuesday, February 13th. Boenning Scattergood reiterated a “hold” rating on shares of Taubman Centers in a research report on Monday, February 12th. Mizuho set a $63.00 target price on Taubman Centers and gave the company a “hold” rating in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded Taubman Centers from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Taubman Centers presently has a consensus rating of “Hold” and a consensus target price of $63.22.

About Taubman Centers

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry.

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Institutional Ownership by Quarter for Taubman Centers (NYSE:TCO)

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