WP Glimcher Inc. (WPG) Shares Down 1%
WP Glimcher Inc. (NYSE:WPG) shares traded down 1% during mid-day 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 traded. The stock had previously closed at $13.79.
Several research analysts recently issued reports on the stock. Goldman Sachs Group Inc. upgraded shares of WP Glimcher from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Zacks Investment Research upgraded shares of WP Glimcher from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st.
The stock’s 50-day moving average price is $13.05 and its 200-day moving average price is $10.83. The firm’s market cap is $2.57 billion.
WP Glimcher (NYSE:WPG) last issued its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. During the same period in the prior year, the firm posted $0.48 earnings per share. Analysts anticipate that WP Glimcher Inc. will post $1.78 earnings per share for the current year.
The business also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Wednesday, September 7th.
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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