WP Glimcher Inc. (WPG) Stock Price Down 1%
WP Glimcher Inc. (NYSE:WPG)’s share price was down 1% during trading on Friday . The stock traded as low as $13.56 and last traded at $13.65, with a volume of 1,246,198 shares trading hands. The stock had previously closed at $13.79.
Several equities analysts have commented on WPG shares. Goldman Sachs Group Inc. upgraded WP Glimcher from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Zacks Investment Research upgraded WP Glimcher from a “sell” rating to a “hold” rating in a report on Tuesday, May 31st.
The company’s market cap is $2.57 billion. The stock has a 50 day moving average of $13.01 and a 200 day moving average of $10.81.
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, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. During the same period last year, the business earned $0.48 earnings per share. Analysts expect that WP Glimcher Inc. will post $1.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Friday, September 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 7.22%.
An institutional investor recently bought a new position in WP Glimcher stock. AJO LP acquired a new stake in shares of WP Glimcher Inc. (NYSE:WPG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 241,803 shares of the real estate investment trust’s stock, valued at approximately $2,566,000. AJO LP owned about 0.13% of WP Glimcher at the end of the most recent quarter.
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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