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

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Hill Winds Capital LP acquired a new position in Taubman Centers, Inc. (NYSE:TCO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 93,500 shares of the real estate investment trust’s stock, valued at approximately $2,907,000. Taubman Centers makes up approximately 2.0% of Hill Winds Capital LP’s investment portfolio, making the stock its 24th biggest holding. Hill Winds Capital LP owned approximately 0.15% of Taubman Centers at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TCO. Marshall Wace North America L.P. bought a new position in Taubman Centers in the first quarter worth $37,000. Amundi Pioneer Asset Management Inc. grew its stake in shares of Taubman Centers by 72.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 65,635 shares of the real estate investment trust’s stock worth $3,471,000 after acquiring an additional 27,570 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Taubman Centers in the third quarter worth $2,295,000. Quadrant Capital Group LLC grew its stake in shares of Taubman Centers by 346.7% in the third quarter. Quadrant Capital Group LLC now owns 1,979 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 1,536 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Taubman Centers by 18.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 83,440 shares of the real estate investment trust’s stock worth $3,407,000 after acquiring an additional 12,951 shares during the last quarter. Institutional investors and hedge funds own 99.60% of the company’s stock.

Shares of NYSE TCO traded down $0.09 during trading on Thursday, reaching $53.05. The company had a trading volume of 6,239,677 shares, compared to its average volume of 3,099,274. Taubman Centers, Inc. has a 12-month low of $26.24 and a 12-month high of $54.50. The stock has a market cap of $3.25 billion, a PE ratio of 16.12 and a beta of 0.72. The business’s 50-day moving average is $38.53 and its 200 day moving average is $36.84.

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

A number of equities research analysts have recently commented on TCO shares. ValuEngine cut Taubman Centers from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Cfra raised Taubman Centers from a “sell” rating to a “hold” rating and increased their target price for the stock from $32.00 to $53.00 in a research note on Monday, February 10th. KeyCorp cut their target price on Taubman Centers from $69.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. They noted that the move was a valuation call. Citigroup increased their target price on Taubman Centers from $33.00 to $52.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised Taubman Centers from an “underweight” rating to a “neutral” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Taubman Centers currently has an average rating of “Hold” and an average target price of $50.00.

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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