Traders purchased shares of WP Glimcher Inc. (NYSE:WPG) on weakness during trading on Wednesday. $18.29 million flowed into the stock on the tick-up and $2.05 million flowed out of the stock on the tick-down, for a money net flow of $16.24 million into the stock. Of all stocks tracked, WP Glimcher had the 10th highest net in-flow for the day. WP Glimcher traded down ($0.02) for the day and closed at $12.57

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

The company’s market capitalization is $2.33 billion. The stock has a 50 day moving average of $11.30 and a 200 day moving average of $9.96.

WP Glimcher (NYSE:WPG) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.02. The company earned $210.03 million during the quarter, compared to the consensus estimate of $225.07 million. WP Glimcher’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. Analysts forecast that WP Glimcher Inc. will post $1.75 EPS for the current fiscal year.

A number of large investors have added to or reduced their stakes in WPG. Liberty Mutual Group Asset Management Inc. boosted its stake 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 valued at $1,222,000 after buying an additional 36,402 shares during the period. Sei Investments Co. boosted its stake 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 period. Cornerstone Capital Management Holdings LLC. boosted its stake 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 period. Retirement Systems of Alabama boosted its stake 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 period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in WP Glimcher by 32.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 265,000 shares of the real estate investment trust’s stock valued at $2,812,000 after buying an additional 65,000 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.