Brokerage Firm Rating on WP Glimcher (WPG)

WP Glimcher (WPG) : The consensus on WP Glimcher (WPG) based on 2 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Company shares have received an average consensus rating of Hold for the current week WP Glimcher (NYSE:WPG): The stock opened at $13.37 on Thursday but the bulls could not build on the opening and the stock topped out at $13.43 for the day. The stock traded down to $12.91 during the day, due to lack of any buying support eventually closed down at $12.97 with a loss of -3.35% for the day. The stock had closed at $13.42 on the previous day. The total traded volume was 1,604,750 shares.

In a related news, Indest Melissa A., officer (CAO and SVP, Finance) of Wp Glimcher Inc. had purchased 5,000 shares on August 10, 2015 in a transaction. The price per share was $13.05 and the total amount of the disclosed transaction was $65,250.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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