Taubman Centers, Inc. (NYSE:TCO) insider have most recently took part in a trading activity. On Dec 27, 2017 Taubman Robert S, President, CEO, AND Chair BOD bought 135 shares having total worth of $8,864 at the price of $65.66 per share, following the transaction a total of 1,287,468 shares owned by Taubman Robert S.
The stock has experienced a total of 4 insider trades in the past three months. These trades include 3 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 7 times by insiders. In 5 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.
|Time Frame||Number of Insider Buy||Number of Insider Sell||Stock Price Change(%)|
Shares of Taubman Centers, Inc. (NYSE:TCO) traded up 0.27% on Dec 27, 2017, hitting $65.71. 434,603 shares of the company’s stock traded hands. Taubman Centers, Inc. has a 52 week low of $46.3 and a 52 week high of $78.75. The company’s market cap is $4,560 million.
Taubman Centers, Inc. (NYSE:TCO) last announced its earnings results on Nov 1, 2017. The company reported 0.83 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.24 by $0.59. The company had revenue of $153 million for the quarter, compared to the consensus estimate of $156 million. During the same quarter in the previous year, the company posted 0.94 earnings per share. The company’s revenue for the quarter was up 4% on a year-over-year basis.
|earnings per share||0.83||0.92||0.92||1.01||0.94||1.04||0.84||0.98||0.86||0.76|
Taubman Centers, Inc, is a Michigan corporation, incorporated in 1973. The Company operates as a self-administered and self-managed real estate investment trust (REIT). The Company owns, leases, acquires, develops, expands, and manages regional and super-regional shopping centers. The Company’s businesses consist of shopping centers and entities that are controlled by ownership or contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia). Its portfolio is concentrated in productive super-regional shopping centers. The Company’s leasing strategy involves assembling a diverse mix of mall tenants in each of the centers in order to attract customers, thereby generating higher sales by mall tenants. It implements an active leasing strategy to increase the centers’ productivity and to set minimum rents at higher levels. The Company’s main objective is to enhance shareholder value. The Company competes with other major real estate investors; these competitors include other REITs, investment banking firms and private and institutional investors.
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