WP Glimcher Inc. (NYSE:wpg) declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Friday, December 2nd will be given a dividend of 0.25 per share by the real estate investment trust on Thursday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 9.80%. The ex-dividend date is Wednesday, November 30th.
WP Glimcher (NYSE:WPG) opened at 10.20 on Friday. The stock has a 50 day moving average of $10.82 and a 200 day moving average of $11.64. The company’s market capitalization is $1.89 billion. WP Glimcher has a 12-month low of $7.41 and a 12-month high of $14.15.
Hedge funds have recently modified their holdings of the stock. Raymond James & Associates increased its position in shares of WP Glimcher by 1.1% in the second quarter. Raymond James & Associates now owns 11,494 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 122 shares in the last quarter. AXA purchased a new position in shares of WP Glimcher during the second quarter valued at about $208,000. Menta Capital LLC purchased a new position in shares of WP Glimcher during the second quarter valued at about $235,000. Jane Street Group LLC purchased a new position in shares of WP Glimcher during the second quarter valued at about $244,000. Finally, Baird Financial Group Inc. purchased a new position in shares of WP Glimcher during the second quarter valued at about $371,000. Institutional investors and hedge funds own 91.44% of the company’s stock.
Separately, Zacks Investment Research lowered shares of WP Glimcher from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th.
WP Glimcher Company Profile
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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