WP Glimcher Inc. (NYSE:WPG) shares were down 1.5% during trading on Tuesday . The stock traded as low as $12.33 and last traded at $12.40, with a volume of 702,383 shares traded. The stock had previously closed at $12.59.

Several research analysts have commented on WPG shares. Boenning Scattergood upgraded shares of WP Glimcher from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 6th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of WP Glimcher in a research report on Wednesday, April 20th. Finally, Zacks Investment Research downgraded shares of WP Glimcher from a “hold” rating to a “sell” rating in a research report on Tuesday, May 24th.

The firm’s market cap is $2.30 billion. The firm has a 50 day moving average price of $10.98 and a 200-day moving average price of $9.89.

WP Glimcher (NYSE:WPG) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $210.03 million for the quarter, compared to analysts’ expectations of $225.07 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts anticipate that WP Glimcher Inc. will post $1.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, June 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date of this dividend was Wednesday, June 1st.

Several hedge funds and institutional investors have bought and sold shares of the stock. Liberty Mutual Group Asset Management Inc. raised its position in WP Glimcher by 46.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 115,167 shares of the real estate investment trust’s stock worth $1,222,000 after buying an additional 36,402 shares during the period. Sei Investments Co. raised its position in WP Glimcher by 6,430.5% in the fourth quarter. Sei Investments Co. now owns 118,007 shares of the real estate investment trust’s stock valued at $1,253,000 after buying an additional 116,200 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in WP Glimcher by 287.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 179,136 shares of the real estate investment trust’s stock valued at $1,901,000 after buying an additional 132,890 shares during the last quarter. Camelot Portfolios LLC raised its position in WP Glimcher by 126.2% in the fourth quarter. Camelot Portfolios LLC now owns 207,158 shares of the real estate investment trust’s stock valued at $2,198,000 after buying an additional 115,578 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in WP Glimcher by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 238,108 shares of the real estate investment trust’s stock valued at $2,526,000 after buying an additional 3,107 shares during the last quarter.

WP Glimcher Inc, formerly Washington Prime Group Inc, is a real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate properties. Washington Prime Group, L.P. (WPG L.P.) is the Company’s subsidiary that owns, through its affiliates, the Company’s real estate properties and other assets.

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