Are Analysts Bullish Taubman Centers, Inc. (NYSE:TCO) After Last Week?

October 2, 2018 - By whatsonthorold

Taubman Centers, Inc. (NYSE:TCO) LogoInvestors sentiment decreased to 1.19 in Q2 2018. Its down 0.25, from 1.44 in 2018Q1. It turned negative, as 23 investors sold Taubman Centers, Inc. shares while 71 reduced holdings. 31 funds opened positions while 81 raised stakes. 56.03 million shares or 7.20% less from 60.38 million shares in 2018Q1 were reported.
Skba Capital Mngmt Lc holds 1.56% or 196,600 shares. Strs Ohio owns 84,389 shares for 0.02% of their portfolio. Aew Mngmt L P owns 1.22% invested in Taubman Centers, Inc. (NYSE:TCO) for 777,266 shares. Amica Pension Fund Board Of Trustees reported 42,981 shares. Ny State Common Retirement Fund reported 0.01% in Taubman Centers, Inc. (NYSE:TCO). Retirement Sys Of Alabama stated it has 0.05% in Taubman Centers, Inc. (NYSE:TCO). Teacher Retirement Sys Of Texas reported 12,350 shares. Highland Management Limited Partnership holds 0.04% in Taubman Centers, Inc. (NYSE:TCO) or 12,425 shares. Boothbay Fund Mgmt Llc reported 5,028 shares stake. Pnc Financial Svcs Gp holds 0.01% or 87,107 shares in its portfolio. Glob Endowment Mngmt Limited Partnership, North Carolina-based fund reported 26,800 shares. Moreover, Alliancebernstein Lp has 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 72,863 shares. 6,742 are owned by Amica Retiree. 2.14M are owned by Lasalle Investment Mngmt Securities Ltd. Iowa-based Principal Fincl Group Inc has invested 0.02% in Taubman Centers, Inc. (NYSE:TCO).

Taubman Centers, Inc. (NYSE:TCO) Ratings Coverage

Among 7 analysts covering Taubman Centers (NYSE:TCO), 2 have Buy rating, 2 Sell and 3 Hold. Therefore 29% are positive. Taubman Centers had 7 analyst reports since April 26, 2018 according to SRatingsIntel. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Neutral” rating given on Monday, August 13 by Bank of America. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, June 14 report. The rating was upgraded by JP Morgan to “Overweight” on Friday, June 15. The rating was downgraded by Evercore on Monday, September 10 to “Underperform”. The firm has “Neutral” rating given on Thursday, August 9 by Citigroup. As per Friday, June 15, the company rating was upgraded by J.P. Morgan. Below is a list of Taubman Centers, Inc. (NYSE:TCO) latest ratings and price target changes.

10/09/2018 Broker: Evercore Old Rating: In-Line New Rating: Underperform Old Target: $76 Downgrade
13/08/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $60 New Target: $66 Maintain
09/08/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $61 New Target: $66 Maintain
15/06/2018 Broker: J.P. Morgan Rating: Buy New Target: $65.0000 Upgrade
15/06/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
14/06/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $56 New Target: $51.5 Maintain
26/04/2018 Broker: BTIG Research Rating: Hold

The stock decreased 0.08% or $0.048 during the last trading session, reaching $58.662. About 167,734 shares traded. Taubman Centers, Inc. (NYSE:TCO) has risen 20.02% since October 2, 2017 and is uptrending. It has outperformed by 4.40% the S&P500.

Taubman Centers, Inc. operates as a real estate investment trust. The company has market cap of $5.04 billion. As of June 30, 2005, the firm owned a 63% managing general partnerÂ’s interest in The Taubman Realty Group Limited Partnership . It has a 61.17 P/E ratio. The operating partnership engages in the ownership, management, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein.

More news for Taubman Centers, Inc. (NYSE:TCO) were recently published by: Nasdaq.com, which released: “Investor Expectations to Drive Momentum within PulteGroup, Taubman Centers, Hilton Worldwide, Nordstrom …” on September 28, 2018. Seekingalpha.com‘s article titled: “Taubman Centers Has No Margin Of Safety” and published on September 17, 2018 is yet another important article.

Taubman Centers, Inc. (NYSE:TCO) Institutional Positions Chart

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