WP Glimcher Inc. (WPG) Shares Bought by New York State Teachers Retirement System
New York State Teachers Retirement System boosted its position in shares of WP Glimcher Inc. (NYSE:WPG) by 9.7% during the second quarter, Holdings Channel reports. The fund owned 292,783 shares of the real estate investment trust’s stock after buying an additional 25,800 shares during the period. New York State Teachers Retirement System’s holdings in WP Glimcher were worth $3,276,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors L.L.C. boosted its position in WP Glimcher by 344.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 95,426 shares of the real estate investment trust’s stock worth $906,000 after buying an additional 73,939 shares during the last quarter. Virginia Retirement System purchased a new position in WP Glimcher during the first quarter worth $374,000. TIAA CREF Investment Management LLC boosted its position in WP Glimcher by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 1,724,437 shares of the real estate investment trust’s stock worth $16,365,000 after buying an additional 23,526 shares during the last quarter. Teachers Advisors Inc. boosted its position in WP Glimcher by 50.7% in the first quarter. Teachers Advisors Inc. now owns 3,694,578 shares of the real estate investment trust’s stock worth $35,062,000 after buying an additional 1,243,436 shares during the last quarter. Finally, BlackRock Inc. boosted its position in WP Glimcher by 36.7% in the first quarter. BlackRock Inc. now owns 571,765 shares of the real estate investment trust’s stock worth $5,426,000 after buying an additional 153,625 shares during the last quarter. 92.85% of the stock is owned by institutional investors.
Shares of WP Glimcher Inc. (NYSE:WPG) traded down 0.95% during trading on Tuesday, hitting $11.48. 996,357 shares of the stock traded hands. WP Glimcher Inc. has a one year low of $7.41 and a one year high of $14.15. The company’s market cap is $2.13 billion. The firm has a 50 day moving average price of $12.72 and a 200-day moving average price of $11.52.
WP Glimcher (NYSE:WPG) last issued its earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.48 earnings per share. Analysts anticipate that WP Glimcher Inc. will post $1.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend was Wednesday, September 7th. WP Glimcher’s dividend payout ratio (DPR) is currently -217.39%.
WPG has been the subject of a number of analyst 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 raised shares of WP Glimcher from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th.
About WP Glimcher
Washington Prime Group Inc, formerly WP Glimcher 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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