Taubman Centers, Inc. (NYSE:TCO) has been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $62.31.

A number of equities research analysts have issued reports on TCO shares. ValuEngine downgraded shares of Taubman Centers from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $63.00 target price on shares of Taubman Centers in a research report on Wednesday, September 5th. Bank of America increased their target price on shares of Taubman Centers from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, August 13th. Zacks Investment Research downgraded shares of Taubman Centers from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, Evercore ISI downgraded shares of Taubman Centers from an “in-line” rating to an “underperform” rating and set a $63.00 target price for the company. in a research report on Monday, September 10th. They noted that the move was a valuation call.

Shares of NYSE:TCO traded down $0.61 during mid-day trading on Monday, hitting $55.01. The stock had a trading volume of 348,399 shares, compared to its average volume of 625,432. Taubman Centers has a 12-month low of $50.24 and a 12-month high of $66.61. The company has a market cap of $3.37 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.79 and a beta of 0.64.

Taubman Centers (NYSE:TCO) last released its earnings results on Monday, October 29th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.52). Taubman Centers had a negative return on equity of 45.76% and a net margin of 14.42%. The company had revenue of $159.12 million during the quarter, compared to analysts’ expectations of $159.68 million. During the same quarter in the previous year, the company earned $0.83 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that Taubman Centers will post 3.8 EPS for the current year.

In other news, Director Jonathan Litt bought 1,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average cost of $55.21 per share, for a total transaction of $55,210.00. Following the purchase, the director now owns 2,653 shares of the company’s stock, valued at approximately $146,472.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 31.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TCO. Heitman Real Estate Securities LLC raised its stake in shares of Taubman Centers by 55.4% in the second quarter. Heitman Real Estate Securities LLC now owns 352,066 shares of the real estate investment trust’s stock worth $23,690,000 after acquiring an additional 125,580 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Taubman Centers during the 2nd quarter worth approximately $3,955,000. Metropolitan Life Insurance Co. NY grew its position in shares of Taubman Centers by 7.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 23,890 shares of the real estate investment trust’s stock worth $1,404,000 after buying an additional 1,753 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Taubman Centers during the 2nd quarter worth approximately $517,000. Finally, Security Capital Research & Management Inc. grew its position in shares of Taubman Centers by 85.3% during the 2nd quarter. Security Capital Research & Management Inc. now owns 455,501 shares of the real estate investment trust’s stock worth $26,765,000 after buying an additional 209,725 shares during the period.

About Taubman Centers

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 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.

Read More: What Factors Can Affect Return on Equity?

Analyst Recommendations for Taubman Centers (NYSE:TCO)

Receive News & Ratings for Taubman Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taubman Centers and related companies with MarketBeat.com's FREE daily email newsletter.