Zacks 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.


Shares of WP GLIMCHER Inc. rose by 3.58% in the last five trading days and 9.07% for the last 4 weeks. WP GLIMCHER Inc. is up 41.86% in the last 3-month period. Year-to-Date the stock performance stands at 34.87%. WP Glimcher (NYSE:WPG): stock turned positive on Tuesday. Though the stock opened at $13.5, the bulls momentum made the stock top out at $13.61 level for the day. The stock recorded a low of $13.47 and closed the trading day at $13.59, in the green by 1.34%. The total traded volume for the day was 1,127,296. The stock had closed at $13.41 in the previous days trading.

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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