WP Glimcher Inc. (wpg) to Issue Quarterly Dividend of $0.25 on December 15th
WP Glimcher Inc. (NYSE:wpg) announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.25 per share by the real estate investment trust on Thursday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date is Wednesday, November 30th.
Shares of WP Glimcher (NYSE:WPG) opened at 10.32 on Tuesday. WP Glimcher has a 52 week low of $7.41 and a 52 week high of $14.15. The firm’s market capitalization is $1.91 billion. The stock has a 50 day moving average price of $10.71 and a 200-day moving average price of $11.65.
Separately, Zacks Investment Research raised WP Glimcher from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th.
Large investors have recently bought and sold shares of the stock. Raymond James & Associates raised its stake in 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 worth $129,000 after buying an additional 122 shares during the last quarter. AXA acquired a new position in shares of WP Glimcher during the second quarter worth $208,000. Menta Capital LLC acquired a new position in shares of WP Glimcher during the second quarter worth $235,000. Jane Street Group LLC acquired a new position in shares of WP Glimcher during the second quarter worth $244,000. Finally, Baird Financial Group Inc. acquired a new position in shares of WP Glimcher during the second quarter worth $371,000. 91.50% of the stock is currently owned by hedge funds and other institutional investors.
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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