WP Glimcher Inc. (WPG) Trading Down 2.5%
WP Glimcher Inc. (NYSE:WPG) traded down 2.5% on Wednesday . The company traded as low as $13.25 and last traded at $13.25, with a volume of 746,716 shares trading hands. The stock had previously closed at $13.59.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised WP Glimcher from a “sell” rating to a “hold” rating in a report on Saturday, June 11th. Goldman Sachs Group Inc. cut WP Glimcher from a “buy” rating to a “neutral” rating in a report on Friday, July 15th.
The firm’s 50 day moving average price is $12.80 and its 200-day moving average price is $10.60. The firm’s market capitalization is $2.50 billion.
WP Glimcher (NYSE:WPG) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. During the same period in the prior year, the firm posted $0.48 EPS. Equities analysts anticipate that WP Glimcher Inc. will post $1.79 earnings per share for the current fiscal 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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