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Taubman Centers Reaches New 52-Week High (TCO)

By TheStreet Wire 09/04/12 - 03:53 PM EDT

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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (TheStreet) -- Taubman Centers (NYSE:TCO) hit a new 52-week high Tuesday as it is currently trading at $80.79, above its previous 52-week high of $80.69 with 304,116 shares traded as of 3:30 p.m. ET. Average volume has been 541,100 shares over the past 30 days.

Taubman Centers has a market cap of $4.71 billion and is part of the financial sector and real estate industry. Shares are up 28.9% year to date as of the close of trading on Friday.

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 58.4, above the average real estate industry P/E ratio of 24.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Taubman Centers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Taubman Centers Ratings Report.

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