Taubman Centers Inc. (TCO): Today's Featured Real Estate Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Taubman Centers ( TCO) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Taubman Centers fell $0.69 (-1.0%) to $67.60 on average volume. Throughout the day, 462,086 shares of Taubman Centers exchanged hands as compared to its average daily volume of 572,300 shares. The stock ranged in price between $67.45-$68.70 after having opened the day at $68.70 as compared to the previous trading day's close of $68.29. Other companies within the Real Estate industry that declined today were: Summit Hotel Properties ( INN), down 6.8%, Institutional Financial Markets ( IFMI), down 6.5%, Amrep Corporation ( AXR), down 4.2% and Preferred Apartment Communities ( APTS), down 4.0%.

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 $4.4 billion and is part of the financial sector. Shares are down 12.0% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Taubman Centers a buy, no analysts rate it a sell, and 8 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 growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Vestin Realty Mortgage I ( VRTA), up 12.5%, Income Opportunity Realty Investors ( IOT), up 5.0%, PennyMac Financial Services Inc Class A ( PFSI), up 4.8% and Homex Development ( HXM), up 3.9% , were all gainers within the real estate industry with Annaly Capital Management ( NLY) being today's featured real estate industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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