Hill Winds Capital LP Buys New Holdings in Taubman Centers, Inc. (NYSE:TCO)

Hill Winds Capital LP bought a new stake in shares of Taubman Centers, Inc. (NYSE:TCO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 93,500 shares of the real estate investment trust’s stock, valued at approximately $2,907,000. Taubman Centers accounts for 2.0% of Hill Winds Capital LP’s holdings, making the stock its 24th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Telemus Capital LLC bought a new stake in Taubman Centers during the 4th quarter valued at approximately $1,525,000. Millennium Management LLC grew its holdings in Taubman Centers by 168.7% during the 3rd quarter. Millennium Management LLC now owns 709,879 shares of the real estate investment trust’s stock valued at $28,984,000 after buying an additional 445,684 shares in the last quarter. SG Americas Securities LLC grew its holdings in Taubman Centers by 7.9% during the 3rd quarter. SG Americas Securities LLC now owns 52,409 shares of the real estate investment trust’s stock valued at $2,140,000 after buying an additional 3,828 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Taubman Centers during the 3rd quarter valued at approximately $1,281,000. Finally, Green Street Investors LLC grew its holdings in Taubman Centers by 177.4% during the 3rd quarter. Green Street Investors LLC now owns 145,100 shares of the real estate investment trust’s stock valued at $5,924,000 after buying an additional 92,800 shares in the last quarter. 99.60% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on TCO shares. Cfra upgraded Taubman Centers from a “sell” rating to a “hold” rating and raised their price target for the company from $32.00 to $53.00 in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded Taubman Centers from an “underweight” rating to a “neutral” rating in a report on Monday, February 10th. ValuEngine cut Taubman Centers from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Morgan Stanley raised their price target on Taubman Centers from $29.50 to $52.50 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, KeyCorp cut their price target on Taubman Centers from $69.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Taubman Centers has a consensus rating of “Hold” and an average price target of $50.00.

NYSE TCO traded down $0.09 during trading on Thursday, hitting $53.05. 6,239,677 shares of the stock traded hands, compared to its average volume of 3,099,274. The company has a market capitalization of $3.25 billion, a P/E ratio of 16.12 and a beta of 0.72. The firm has a 50-day simple moving average of $38.53 and a 200-day simple moving average of $36.84. Taubman Centers, Inc. has a 12-month low of $26.24 and a 12-month high of $54.50.

Taubman Centers (NYSE:TCO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.76). The company had revenue of $176.70 million during the quarter, compared to analysts’ expectations of $173.20 million. Taubman Centers had a negative return on equity of 87.50% and a net margin of 33.47%. Taubman Centers’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. Equities analysts forecast that Taubman Centers, Inc. will post 3.68 EPS for the current fiscal year.

Taubman Centers Company Profile

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 and one under development. Taubman's U.S.-owned properties are the most productive in the publicly held U.S.

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Institutional Ownership by Quarter for Taubman Centers (NYSE:TCO)

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