NEW YORK ( TheStreet) -- Taubman Centers (NYSE: TCO) is trading at unusually high volume Tuesday with 2.1 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $4.50 (+9.2%) at $53.21 as of four p.m. ET. Taubman Centers has a market cap of $3 billion and is part of the financial sector and real estate industry. Shares are down 3.5% year to date as of the close of trading on Monday. 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 54.4, below the average real estate industry P/E ratio of 55 and above the S&P 500 P/E ratio of 17.7. 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 solid stock price performance. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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