Stifel Financial Corp raised its stake in shares of Taubman Centers, Inc. (NYSE:TCO) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,674 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the period. Stifel Financial Corp’s holdings in Taubman Centers were worth $457,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Creative Planning increased its position in Taubman Centers by 8.0% during the second quarter. Creative Planning now owns 2,790 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 206 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in Taubman Centers during the second quarter worth approximately $227,000. Riverhead Capital Management LLC increased its position in Taubman Centers by 83.2% during the second quarter. Riverhead Capital Management LLC now owns 4,397 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 1,997 shares during the last quarter. LS Investment Advisors LLC increased its position in Taubman Centers by 16.8% during the second quarter. LS Investment Advisors LLC now owns 4,805 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 692 shares during the last quarter. Finally, World Asset Management Inc increased its position in Taubman Centers by 1.4% during the second quarter. World Asset Management Inc now owns 4,917 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 69 shares during the last quarter.

WARNING: “Taubman Centers, Inc. (TCO) Shares Bought by Stifel Financial Corp” was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://theolympiareport.com/2017/11/01/taubman-centers-inc-tco-shares-bought-by-stifel-financial-corp.html.

Shares of Taubman Centers, Inc. (NYSE TCO) opened at 47.22 on Wednesday. Taubman Centers, Inc. has a 52-week low of $46.72 and a 52-week high of $76.79. The stock has a 50 day moving average of $50.13 and a 200 day moving average of $56.49. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 36.49 and a beta of 0.50.

In other Taubman Centers news, Director Myron E. Ullman III acquired 12,325 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average price of $56.90 per share, with a total value of $701,292.50. Following the completion of the transaction, the director now owns 16,646 shares in the company, valued at $947,157.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 31.20% of the stock is currently owned by company insiders.

Several equities analysts recently commented on TCO shares. BidaskClub raised shares of Taubman Centers from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Taubman Centers from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $57.00 price target on shares of Taubman Centers in a research report on Tuesday, September 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co lowered shares of Taubman Centers from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $57.00 in a research report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.14.

Taubman Centers Profile

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 (the Operating Partnership or TRG) is majority-owned partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties.

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

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