Wealthstreet Investment Advisors LLC acquired a new position in Taubman Centers, Inc. (NYSE:TCO) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $654,000.

Other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in Taubman Centers during the fourth quarter valued at approximately $171,000. Lourd Capital LLC purchased a new position in Taubman Centers during the fourth quarter valued at approximately $218,000. Virtu KCG Holdings LLC purchased a new position in Taubman Centers during the second quarter valued at approximately $227,000. Alps Advisors Inc. purchased a new position in Taubman Centers during the fourth quarter valued at approximately $232,000. Finally, Creative Planning purchased a new position in Taubman Centers during the fourth quarter valued at approximately $240,000.

Shares of Taubman Centers, Inc. (NYSE:TCO) opened at $59.34 on Thursday. The company has a market capitalization of $3,600.00, a P/E ratio of 65.21, a PEG ratio of 4.61 and a beta of 0.52. Taubman Centers, Inc. has a 12-month low of $44.78 and a 12-month high of $70.85. The company has a debt-to-equity ratio of -21.77, a current ratio of 0.35 and a quick ratio of 0.35.

Taubman Centers (NYSE:TCO) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. The business had revenue of $172.18 million during the quarter, compared to analysts’ expectations of $164.26 million. Taubman Centers had a negative return on equity of 60.45% and a net margin of 11.63%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. sell-side analysts anticipate that Taubman Centers, Inc. will post 3.8 EPS for the current fiscal year.

TCO has been the subject of several recent research reports. Zacks Investment Research cut Taubman Centers from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. BMO Capital Markets upgraded Taubman Centers from an “underperform” rating to a “market perform” rating and set a $48.00 price objective for the company in a research report on Wednesday, December 13th. Boenning Scattergood restated a “hold” rating on shares of Taubman Centers in a research report on Friday, November 3rd. Mizuho restated a “neutral” rating on shares of Taubman Centers in a research report on Wednesday, November 8th. Finally, Citigroup boosted their price objective on Taubman Centers from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. Taubman Centers has a consensus rating of “Hold” and an average target price of $64.33.

In other news, COO William S. Taubman sold 35,000 shares of Taubman Centers stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $62.68, for a total value of $2,193,800.00. Following the sale, the chief operating officer now directly owns 67,633 shares of the company’s stock, valued at $4,239,236.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cornelia Connelly Marakovits purchased 4,000 shares of the stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $63.35 per share, for a total transaction of $253,400.00. Following the completion of the purchase, the director now directly owns 7,403 shares of the company’s stock, valued at $468,980.05. The disclosure for this purchase can be found here. Insiders sold 94,668 shares of company stock worth $5,929,034 over the last ninety days. Corporate insiders own 31.20% of the company’s stock.

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Taubman Centers Company 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.

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

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