NEW YORK (
) hit a new 52-week high Monday as it traded at $54.59 compared with its previous 52-Week high of $54.55. Taubman Centers is changing hands at $54.48 with 168,256 shares traded as of 10:56 a.m. ET. Average volume has been 956,400 shares over the past 30 days.
Taubman Centers has a market cap of $2.9 billion and is part of the
industry. Shares are up 6.3% 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 60.8, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates Taubman Centers as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full
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