WP Glimcher Inc. (WPG) Sets New 1-Year High at $13.80
Shares of WP Glimcher Inc. (NYSE:WPG) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.80 and last traded at $13.69, with a volume of 643,887 shares traded. The stock had previously closed at $13.39.
A number of analysts recently issued reports on WPG shares. Zacks Investment Research downgraded shares of WP Glimcher from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Goldman Sachs Group Inc. downgraded shares of 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 $12.74 and a 200 day moving average price of $10.57. The firm’s market capitalization is $2.52 billion.
WP Glimcher (NYSE:WPG) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. During the same period last year, the business posted $0.48 earnings per share. Equities research analysts expect that WP Glimcher Inc. will post $1.79 EPS 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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