Taubman Centers Inc. (TCO): Today's Featured Financial Winner

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.

Taubman Centers ( TCO) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day down 0.6%. By the end of trading, Taubman Centers rose $1.10 (1.4%) to $78.24 on average volume. Throughout the day, 728,887 shares of Taubman Centers exchanged hands as compared to its average daily volume of 546,600 shares. The stock ranged in a price between $76.82-$78.33 after having opened the day at $77.07 as compared to the previous trading day's close of $77.14. Other companies within the Financial sector that increased today were: Porter Bancorp ( PBIB), up 24.9%, Jacksonville Bancorp Inc (FL ( JAXB), up 10%, General Growth Properties ( GGP), up 9.7%, and Royal Bancshares of Pennsylvania ( RBPAA), up 9.1%.

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). Taubman Centers has a market cap of $4.63 billion and is part of the real estate industry. The company has a P/E ratio of 56.6, above the average real estate industry P/E ratio of 24.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 24.9% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Taubman Centers a buy, one analyst rates it a sell, and six rate it a hold.

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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, OptimumBank Holdings ( OPHC), down 21.3%, Homeowners Choice ( HCII), down 7.6%, Credit Suisse ( DSLV), down 7.2%, and WisdomTree Global Real Return Fund ( RRF), down 7.1%, were all laggards within the financial sector with State Street ( STT) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).
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