WP Glimcher Inc. (NYSE:WPG)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.66 and last traded at $13.58, with a volume of 2,670,774 shares traded. The stock had previously closed at $13.16.

WPG has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of WP Glimcher from a “hold” rating to a “sell” rating in a research report on Tuesday, May 24th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of WP Glimcher in a research report on Wednesday, April 20th.

The stock’s market capitalization is $2.55 billion. The firm’s 50-day moving average is $12.01 and its 200-day moving average is $10.21.

WP Glimcher (NYSE:WPG) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. During the same period last year, the company earned $0.48 earnings per share. On average, equities research analysts anticipate that WP Glimcher Inc. will post $1.79 earnings per share for the current year.

A number of institutional investors have made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of WP Glimcher by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 26,317,396 shares of the real estate investment trust’s stock worth $279,228,000 after buying an additional 665,658 shares during the period. Alpine Woods Capital Investors LLC increased its position in shares of WP Glimcher by 810.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 274,383 shares of the real estate investment trust’s stock worth $2,911,000 after buying an additional 244,250 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of 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 worth $1,901,000 after buying an additional 132,890 shares during the period. Fiduciary Management Associates LLC increased its position in shares of WP Glimcher by 6.9% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,935,631 shares of the real estate investment trust’s stock worth $20,539,000 after buying an additional 124,695 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of WP Glimcher by 24.9% in the fourth quarter. New York State Common Retirement Fund now owns 531,305 shares of the real estate investment trust’s stock worth $5,637,000 after buying an additional 105,905 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.

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