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

A number of research analysts have recently issued reports on TCO shares. Credit Suisse Group AG reissued a “buy” rating on shares of Taubman Centers in a report on Tuesday, May 3rd. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Taubman Centers in a report on Monday, May 2nd. Mizuho reaffirmed a “buy” rating on shares of Taubman Centers in a report on Thursday, May 26th. TheStreet raised Taubman Centers from a “hold” rating to a “buy” rating in a report on Friday, July 1st. Finally, Zacks Investment Research raised Taubman Centers from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Monday, July 18th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Taubman Centers presently has a consensus rating of “Buy” and an average price target of $82.08.

The stock’s 50 day moving average is $77.02 and its 200 day moving average is $71.91. The company has a market cap of $4.75 billion and a price-to-earnings ratio of 41.43.

Taubman Centers (NYSE:TCO) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.05. During the same period last year, the business posted $0.76 EPS. The company earned $158.90 million during the quarter, compared to the consensus estimate of $147.45 million. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts anticipate that Taubman Centers Inc. will post $3.75 EPS for the current fiscal year.

In related news, CAO David A. Wolff sold 794 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $70.06, for a total value of $55,627.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

A hedge fund recently raised its stake in Taubman Centers stock. Dimensional Fund Advisors LP increased its stake in Taubman Centers Inc. (NYSE:TCO) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 799,678 shares of the real estate investment trust’s stock after buying an additional 10,388 shares during the period. Dimensional Fund Advisors LP owned 1.33% of Taubman Centers worth $61,352,000 as of its most recent filing with the SEC.

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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