Glimcher Realty Trust (GRT) Releases Quarterly Earnings, Misses Expectations By $0.02 EPS
Glimcher Realty Trust (NYSE:GRT) issued its quarterly earnings data on Friday. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.02, AnalystRatings.Net reports. The company had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.96 million. During the same quarter last year, the company posted $0.20 earnings per share. Glimcher Realty Trust’s revenue was up 12.1% compared to the same quarter last year.
GRT has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Glimcher Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Analysts at Jefferies Group initiated coverage on shares of Glimcher Realty Trust in a research note on Tuesday, December 17th. They set a “hold” rating and a $10.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.67.
Shares of Glimcher Realty Trust (NYSE:GRT) opened at 9.50 on Friday. Glimcher Realty Trust has a one year low of $8.38 and a one year high of $13.34. The stock’s 50-day moving average is $9.15 and its 200-day moving average is $9.85. The company’s market cap is $1.378 billion.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.