Analyst Rating Update on WP Glimcher (WPG)

WP Glimcher (WPG) has an average broker rating of 3, which is interpreted as a Hold, as rated by 2 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Company shares have received an average consensus rating of Hold for the current week


WP Glimcher (NYSE:WPG): The stock opened at $12.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.51 for the day. The stock traded down to $12.23 during the day, due to lack of any buying support eventually closed down at $12.51 with a loss of -0.08% for the day. The stock had closed at $12.52 on the previous day. The total traded volume was 876,027 shares.

WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Companys majority owned partnership subsidiary that owns, through its affiliates, all of the Companys real estate properties and other assets. As of December 31, 2014, the Companys assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls. The Companys properties are leased to various tenants across the retail, including anchor stores, big-box tenants, national inline tenants, sitdown restaurants, movie theatres and regional and local retailers. The Companys properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall, and Westminster Mall, among others.

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