Glimcher Realty Trust Receives New Coverage from Analysts at Janney Montgomery Scott (GRT)
Research analysts at Janney Montgomery Scott began coverage on shares of Glimcher Realty Trust (NYSE:GRT) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Glimcher Realty Trust (NYSE:GRT) opened at 10.23 on Tuesday. Glimcher Realty Trust has a 52-week low of $9.70 and a 52-week high of $13.34. The stock’s 50-day moving average is $10.71 and its 200-day moving average is $11.41. The company’s market cap is $1.484 billion.
Glimcher Realty Trust (NYSE:GRT) last released its earnings data on Thursday, July 18th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $96.70 million for the quarter, compared to the consensus estimate of $89.35 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Analysts expect that Glimcher Realty Trust will post $0.70 EPS for the current fiscal year.
Separately, analysts at SunTrust initiated coverage on shares of Glimcher Realty Trust (NYSE:GRT) in a research note to investors on Friday, July 12th. They set a “neutral” rating on the stock.
One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.00.
Glimcher Realty Trust (NYSE:GRT) is an integrated, self-administered and self-managed Maryland REIT which was formed on September 1, 1993 to continue the business of The Glimcher Company and its affiliates, of owning, leasing, acquiring, developing and operating a portfolio of retail properties consisting of regional and super regional malls, and community shopping centers.
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