WP Glimcher Inc. (NYSE:WPG) shares fell 2.5% during mid-day trading on Wednesday . The company traded as low as $13.25 and last traded at $13.25, with a volume of 746,716 shares changing hands. The stock had previously closed at $13.59.

WPG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded WP Glimcher from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Goldman Sachs Group Inc. downgraded WP Glimcher from a “buy” rating to a “neutral” rating in a report on Friday, July 15th.

The firm has a 50-day moving average price of $12.73 and a 200-day moving average price of $10.55. The stock’s market cap is $2.48 billion.

WP Glimcher (NYSE:WPG) last issued its quarterly earnings data 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 previous year, the business earned $0.48 EPS. Analysts expect that WP Glimcher Inc. will post $1.79 earnings per share for the current fiscal year.

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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