NEW YORK ( TheStreet) -- Taubman Centers (NYSE: TCO) hit a new 52-week high Thursday as it is currently trading at $62.73, above its previous 52-week high of $62.63 with 294,217 shares traded as of 2:10 p.m. ET. Average volume has been 858,600 shares over the past 30 days.

Taubman Centers has a market cap of $3.4 billion and is part of the financial sector and real estate industry. Shares are up 22% year to date as of the close of trading on Wednesday.

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 54.8, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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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, solid stock price performance and impressive record of earnings per share growth. 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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