WP Glimcher Inc. (WPG) Sets New 12-Month High at $13.80
WP Glimcher Inc. (NYSE:WPG)’s share price hit a new 52-week high during 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.
WPG has been the subject of a number of analyst reports. Goldman Sachs Group Inc. raised WP Glimcher from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Zacks Investment Research raised WP Glimcher from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st.
The firm’s market capitalization is $2.51 billion. The firm has a 50 day moving average of $12.86 and a 200-day moving average of $10.64.
WP Glimcher (NYSE:WPG) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. During the same period in the previous year, the company earned $0.48 EPS. On average, equities analysts forecast that WP Glimcher Inc. will post $1.79 EPS for the current 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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