Sarasin Partners Llp buys $2,665,394 stake in Taubman Centers (TCO)

Taubman Centers (TCO) : Sarasin Partners Llp scooped up 925 additional shares in Taubman Centers during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 37,320 shares of Taubman Centers which is valued at $2,665,394.Taubman Centers makes up approximately 0.04% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in TCO by selling 150 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 5,436 shares of TCO which is valued at $384,597. Taubman Centers makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in TCO in the latest quarter, The investment management firm added 416 additional shares and now holds a total of 20,741 shares of Taubman Centers which is valued at $1,475,100. Taubman Centers makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio. Cutler Group Lp sold out all of its stake in TCO during the most recent quarter. The investment firm sold 1,224 shares of TCO which is valued $87,051. Simplex Trading added TCO to its portfolio by purchasing 293 company shares during the most recent quarter which is valued at $20,736.

Taubman Centers closed down -0.14 points or -0.20% at $71.42 with 4,30,434 shares getting traded on Friday. Post opening the session at $71.5, the shares hit an intraday low of $70.98 and an intraday high of $71.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Taubman Centers reported $1.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.06. The company had revenue of $158.90 million for the quarter, compared to analysts expectations of $143.39 million. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on Taubman Centers. Taubman Centers was Upgraded by Goldman to ” Buy” on Sep 28, 2016.

Taubman Centers Inc. is a self-administered and self-managed real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Company owns leases acquires disposes of develops expands and manages regional and super-regional shopping centers and interests therein. The Company’s portfolio of operating centers as of December 31 2014 consisted of 18 urban and suburban shopping centers in 10 states. The centers are located in metropolitan areas including Denver Detroit Los Angeles Miami Nashville New York City Orlando Salt Lake City San Francisco Sarasota Saint Louis Tampa and Washington D.C. The centers range in size between 236000 and 1.6 million square feet of gross leasable area (GLA) and between 186000 and 671000 square feet of Mall GLA with an average of 1 million and 0.5 million square feet respectively.

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