Tower Research Capital LLC TRC raised its stake in shares of WP Glimcher Inc. (NYSE:WPG) by 143.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,166 shares of the real estate investment trust’s stock after buying an additional 8,352 shares during the period. Tower Research Capital LLC TRC’s holdings in WP Glimcher were worth $158,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Hancock Holding Co. acquired a new stake in shares of WP Glimcher during the first quarter valued at about $101,000. Creative Planning increased its stake in shares of WP Glimcher by 411.9% in the second quarter. Creative Planning now owns 9,198 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 7,401 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of WP Glimcher by 7.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,224 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 801 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in shares of WP Glimcher by 0.9% in the first quarter. BlackRock Japan Co. Ltd now owns 13,841 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 128 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of WP Glimcher by 65.4% in the second quarter. LS Investment Advisors LLC now owns 12,429 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 4,913 shares in the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.
WP Glimcher Inc. (NYSE:WPG) opened at 11.60 on Friday. The company’s market cap is $2.15 billion. WP Glimcher Inc. has a 52-week low of $7.41 and a 52-week high of $14.15. The firm’s 50-day moving average price is $12.82 and its 200 day moving average price is $11.45.
WP Glimcher (NYSE:WPG) last released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. WP Glimcher had a negative return on equity of 4.64% and a negative net margin of 6.50%. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities analysts predict that WP Glimcher Inc. will post $1.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Friday, September 9th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 8.62%. WP Glimcher’s dividend payout ratio is -217.39%.
Several brokerages have issued reports on WPG. Zacks Investment Research raised WP Glimcher from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Goldman Sachs Group Inc. downgraded WP Glimcher from a “buy” rating to a “neutral” rating in a report on Friday, July 15th.
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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