Quarterly Dividend of $0.10 Announced by Glimcher Realty Trust (GRT)
Glimcher Realty Trust (NYSE:GRT) announced a quarterly dividend on Thursday, December 13th. Stockholders of record on Friday, December 28th will be paid a dividend of $0.10 per share on Tuesday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.69%.
GRT has been the subject of a number of recent research reports. Analysts at Evercore Partners initiated coverage on shares of Glimcher Realty Trust in a research note to investors on Wednesday, October 24th. They set an “overweight” rating on the stock. Analysts at KeyBanc reiterated a “buy” rating on shares of Glimcher Realty Trust in a research note to investors on Thursday, September 20th.
Glimcher Realty Trust (GRT) traded down 2.21% on Thursday, hitting $10.60. Glimcher Realty Trust (GRT) has a 1-year low of $8.58 and a 1-year high of $11.29. The company has a market cap of $1.505 billion and a price-to-earnings ratio of 63.02.
Glimcher Realty Trust last announced its earnings results on Thursday, October 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, analysts predict that Glimcher Realty Trust (GRT) will post $0.59 earnings per share for the current fiscal year.
Glimcher Realty Trust (GRT) is an integrated real estate investment trust (REIT). The Company owns, leases, acquires, develops and operates a portfolio of retail properties consisting of enclosed regional and regional malls (Malls) and community shopping centers (Community Centers).
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