A Director at Taubman Centers (NYSE: TCO) is Selling Shares

By Carrie Williams

Today, a Director at Taubman Centers (NYSE: TCO), Craig Hatkoff, sold shares of TCO for $79.14K.

Based on Taubman Centers’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $172 million and quarterly net profit of $26.04 million. In comparison, last year the company earned revenue of $166 million and had a net profit of $35.06 million. The company has a one-year high of $70.85 and a one-year low of $44.78. The Company has a book value per share of 248.0327.

Six different firms, including BMO Capital and Compass Point, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $60.33, reflecting a -3.2% downside.

The insider sentiment on Taubman Centers has been positive according to 50 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Craig Hatkoff’s trades have generated a -5.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Taubman Centers, Inc. operates as a real estate investment trust. Its engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of regional shopping centers. The company was founded by A. Alfred Taubman in 1950 and is headquartered in Bloomfield Hills, MI.