Shares of Taubman Centers Inc. (NYSE:TCO) traded down 2.1% on Thursday . The stock traded as low as $77.95 and last traded at $78.01, with a volume of 131,358 shares. The stock had previously closed at $79.70.

Several equities analysts have weighed in on TCO shares. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taubman Centers in a report on Tuesday, August 2nd. Morgan Stanley set a $81.00 price objective on Taubman Centers and gave the company a “buy” rating in a report on Thursday. Citigroup Inc. lifted their price objective on Taubman Centers from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, August 5th. Zacks Investment Research cut Taubman Centers from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, TheStreet raised Taubman Centers from a “hold” rating to a “buy” rating in a report on Friday, July 1st. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Taubman Centers presently has an average rating of “Buy” and a consensus price target of $82.08.

The stock has a market cap of $4.72 billion and a price-to-earnings ratio of 41.12. The firm has a 50 day moving average price of $76.81 and a 200 day moving average price of $71.85.

Taubman Centers (NYSE:TCO) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The business earned $158.90 million during the quarter, compared to the consensus estimate of $147.45 million. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Equities research analysts forecast that Taubman Centers Inc. will post $3.75 earnings per share for the current fiscal year.

In other Taubman Centers news, CAO David A. Wolff sold 794 shares of Taubman Centers stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $70.06, for a total transaction of $55,627.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

A number of hedge funds have recently bought and sold shares of TCO. Dimensional Fund Advisors LP boosted 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. Employees Retirement System of Texas boosted its stake in Taubman Centers by 28.9% in the fourth quarter. Employees Retirement System of Texas now owns 116,000 shares of the real estate investment trust’s stock valued at $8,900,000 after buying an additional 26,000 shares during the last quarter. Finally, KBC Group NV boosted its stake in Taubman Centers by 2.2% in the fourth quarter. KBC Group NV now owns 13,140 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 283 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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