WP Glimcher Inc. (NYSE:WPG)’s share price dropped 3% on Thursday . The company traded as low as $12.91 and last traded at $13.02, with a volume of 576,730 shares traded. The stock had previously closed at $13.42.

WPG has been the topic of a number of recent research reports. Goldman Sachs Group Inc. lowered shares of WP Glimcher from a “buy” rating to a “neutral” rating in a research report on Friday, July 15th. Zacks Investment Research lowered shares of WP Glimcher from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th.

The firm’s 50-day moving average is $12.28 and its 200-day moving average is $10.31. The stock’s market cap is $2.39 billion.

WP Glimcher (NYSE:WPG) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. During the same quarter last year, the firm posted $0.48 earnings per share. Equities research analysts predict that WP Glimcher Inc. will post $1.79 earnings per share for the current fiscal year.

Other institutional investors recently made changes to their positions in the company. 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. 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. 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 in the last quarter. Finally, 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 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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