Northwestern Mutual Investment Management Company LLC raised its stake in shares of WP Glimcher Inc. (NYSE:WPG) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,992 shares of the real estate investment trust’s stock after buying an additional 21 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in WP Glimcher were worth $358,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of WPG. Mason Street Advisors LLC bought a new stake in shares of WP Glimcher during the second quarter valued at about $946,000. Schwab Charles Investment Management Inc. boosted its stake in shares of WP Glimcher by 41.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,330,556 shares of the real estate investment trust’s stock worth $14,889,000 after buying an additional 391,166 shares during the period. Stifel Financial Corp acquired a new stake in shares of WP Glimcher during the second quarter worth $1,653,000. Amalgamated Bank boosted its stake in shares of WP Glimcher by 2.2% in the second quarter. Amalgamated Bank now owns 22,923 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 503 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of WP Glimcher by 20.2% in the second quarter. Legal & General Group Plc now owns 436,264 shares of the real estate investment trust’s stock worth $4,876,000 after buying an additional 73,215 shares during the period. Institutional investors own 92.85% of the company’s stock.

WP Glimcher Inc. (NYSE:WPG) opened at 12.47 on Friday. The company’s market capitalization is $2.31 billion. WP Glimcher Inc. has a 12-month low of $7.41 and a 12-month high of $14.15. The stock has a 50 day moving average of $13.09 and a 200 day moving average of $11.23.

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 (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. WP Glimcher had a negative net margin of 6.50% and a negative return on equity of 4.64%. During the same period last year, the business posted $0.48 EPS. On average, equities research analysts predict that WP Glimcher Inc. will post $1.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were given a $0.25 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.00 annualized dividend and a yield of 8.02%. WP Glimcher’s dividend payout ratio is -217.39%.

WPG has been the subject of a number of research reports. Goldman Sachs Group Inc. cut shares of WP Glimcher from a “buy” rating to a “neutral” rating in a research report on Friday, July 15th. Zacks Investment Research upgraded shares of WP Glimcher from a “sell” rating to a “hold” rating in a research note on Saturday, June 11th.

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.

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