WP Glimcher Inc. (WPG) Shares Bought by Hancock Holding Co.
Hancock Holding Co. increased its position in WP Glimcher Inc. (NYSE:WPG) by 97.6% during the second quarter, Holdings Channel reports. The firm owned 21,010 shares of the real estate investment trust’s stock after buying an additional 10,380 shares during the period. Hancock Holding Co.’s holdings in WP Glimcher were worth $235,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp raised its stake in WP Glimcher by 435.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 74,400 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 60,500 shares during the period. Brookfield Asset Management Inc. raised its stake in WP Glimcher by 7.5% in the first quarter. Brookfield Asset Management Inc. now owns 6,315,542 shares of the real estate investment trust’s stock worth $59,934,000 after buying an additional 439,634 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in WP Glimcher during the first quarter worth about $350,000. BlackRock Japan Co. Ltd raised its stake in WP Glimcher by 0.9% in the first quarter. BlackRock Japan Co. Ltd now owns 13,841 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 128 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in WP Glimcher by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,636,897 shares of the real estate investment trust’s stock worth $91,454,000 after buying an additional 133,722 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.
Shares of WP Glimcher Inc. (NYSE:WPG) traded up 2.15% during trading on Thursday, reaching $12.37. 391,995 shares of the company traded hands. The stock’s 50 day moving average price is $13.09 and its 200-day moving average price is $11.22. WP Glimcher Inc. has a 12 month low of $7.41 and a 12 month high of $14.15. The stock’s market cap is $2.29 billion.
WP Glimcher (NYSE:WPG) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. WP Glimcher had a negative return on equity of 4.64% and a negative net margin of 6.50%. During the same quarter last year, the company posted $0.48 earnings per share. On average, equities research analysts expect that WP Glimcher Inc. will post $1.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Friday, September 9th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 8.26%. WP Glimcher’s payout ratio is currently -217.39%.
WPG has been the topic of several recent research reports. Zacks Investment Research raised shares of WP Glimcher from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. 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.
About WP Glimcher
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.
Want to see what other hedge funds are holding WPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WP Glimcher Inc. (NYSE:WPG).
Receive News & Ratings for WP Glimcher Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WP Glimcher Inc. and related companies with MarketBeat.com's FREE daily email newsletter.