Taubman Centers Inc. (NYSE:TCO) gapped up prior to trading on Wednesday . The stock had previously closed at $76.23, but opened at $76.39. Taubman Centers shares last traded at $76.93, with a volume of 93,488 shares traded.

A number of equities research analysts recently weighed in on TCO shares. Credit Suisse Group AG restated a “buy” rating and issued a $90.00 target price on shares of Taubman Centers in a report on Wednesday, March 16th. Evercore ISI upped their target price on shares of Taubman Centers from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, March 21st. Mizuho started coverage on shares of Taubman Centers in a report on Wednesday, April 13th. They issued a “buy” rating and a $86.00 target price on the stock. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Taubman Centers in a report on Monday, May 2nd. Finally, TheStreet upgraded shares of Taubman Centers from a “hold” rating to a “buy” rating in a report on Friday, July 1st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $83.64.

The company has a market capitalization of $4.65 billion and a PE ratio of 45.34. The firm’s 50-day moving average price is $71.77 and its 200-day moving average price is $71.10.

Taubman Centers (NYSE:TCO) last posted its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by $0.01. The company had revenue of $139.46 million for the quarter, compared to analyst estimates of $139.81 million. Taubman Centers’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. On average, analysts anticipate that Taubman Centers Inc. will post $3.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Monday, June 13th.

In related news, CAO David A. Wolff sold 794 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $70.06, for a total transaction of $55,627.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

A number of large investors have bought and sold shares of TCO. Rhumbline Advisers raised its stake in Taubman Centers by 0.4% in the fourth quarter. Rhumbline Advisers now owns 99,456 shares of the real estate investment trust’s stock valued at $7,630,000 after buying an additional 403 shares during the last quarter. ProShare Advisors LLC raised its stake in Taubman Centers by 11.2% in the fourth quarter. ProShare Advisors LLC now owns 27,314 shares of the real estate investment trust’s stock valued at $2,096,000 after buying an additional 2,754 shares during the last quarter. Nationwide Fund Advisors raised its stake in Taubman Centers by 4.2% in the fourth quarter. Nationwide Fund Advisors now owns 107,490 shares of the real estate investment trust’s stock valued at $8,247,000 after buying an additional 4,362 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Taubman Centers by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 799,678 shares of the real estate investment trust’s stock valued at $61,352,000 after buying an additional 10,388 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in Taubman Centers by 47.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 38,232 shares of the real estate investment trust’s stock valued at $2,933,000 after buying an additional 12,311 shares during the last quarter.

Taubman Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s segment is focused on owning, developing and managing regional shopping centers. 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.

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