WP Glimcher Inc. (WPG) Reaches New 52-Week High at $13.88
Shares of WP Glimcher Inc. (NYSE:WPG) reached a new 52-week high on Wednesday . The stock traded as high as $13.88 and last traded at $13.75, with a volume of 580,488 shares traded. The stock had previously closed at $13.75.
Several analysts have commented on WPG shares. Goldman Sachs Group Inc. upgraded WP Glimcher from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Zacks Investment Research upgraded WP Glimcher from a “sell” rating to a “hold” rating in a research note on Saturday, June 11th.
The company’s 50 day moving average is $12.93 and its 200 day moving average is $10.77. The firm’s market cap is $2.54 billion.
WP Glimcher (NYSE:WPG) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share 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. Analysts anticipate that WP Glimcher Inc. will post $1.79 earnings per share 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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