WP Glimcher Inc. (NYSE:WPG) was down 3% during mid-day trading on Thursday . The stock traded as low as $12.91 and last traded at $13.02, with a volume of 576,730 shares changing hands. The stock had previously closed at $13.42.

Several equities research analysts have recently issued reports on WPG shares. Goldman Sachs Group Inc. upgraded shares of WP Glimcher from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Zacks Investment Research upgraded shares of WP Glimcher from a “sell” rating to a “hold” rating in a research report on Saturday, June 11th.

The firm’s market capitalization is $2.40 billion. The firm’s 50-day moving average price is $12.20 and its 200-day moving average price is $10.26.

WP Glimcher (NYSE:WPG) last released 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 Thomson Reuters’ consensus estimate of $0.40 by $0.05. During the same quarter in the prior year, the company posted $0.48 EPS. On average, equities research analysts predict that WP Glimcher Inc. will post $1.79 EPS for the current year.

Several institutional investors have added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in WP Glimcher by 0.5% in the fourth quarter. Rhumbline Advisers now owns 288,895 shares of the real estate investment trust’s stock valued at $3,065,000 after buying an additional 1,545 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in shares of 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 in 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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