Taubman Centers Stock Hits New 52-Week High (TCO)

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.

NEW YORK ( TheStreet) -- Taubman Centers (NYSE: TCO) hit a new 52-week high Friday as it is currently trading at $86.95, above its previous 52-week high of $86.48 with 590,961 shares traded as of 4:02 p.m. ET. Average volume has been 606,000 shares over the past 30 days.

Taubman Centers has a market cap of $5.42 billion and is part of the financial sector and real estate industry. Shares are up 9.8% 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 56.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Taubman Centers as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, expanding profit margins and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Taubman Centers Ratings Report.

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