Taubman Centers Reaches New 52-Week High (TCO)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $69.50, above its previous 52-week high of $68.21 with 601,720 shares traded as of 11:09 a.m. ET. Average volume has been 628,700 shares over the past 30 days.
Taubman Centers has a market cap of $3.81 billion and is part of the
sector and
industry. Shares are up 9.4% year to date as of the close of trading on Thursday.
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 62.9, above the average real estate industry P/E ratio of 60.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Taubman Centers as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full
Taubman Centers Ratings Report
.
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