Glimcher Realty Trust (GRT) Set to Announce Quarterly Earnings on Thursday
Glimcher Realty Trust (NYSE:GRT) will announce its Q214 earnings results on Thursday, July 17th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $97.70 million for the quarter. Glimcher Realty Trust has set its FY14 guidance at $0.74-0.78 EPS and its Q2 guidance at $0.16-0.18 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Glimcher Realty Trust (NYSE:GRT) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The company had revenue of $93.20 million for the quarter, compared to the consensus estimate of $98.85 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts expect Glimcher Realty Trust to post $0.75 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
Shares of Glimcher Realty Trust (NYSE:GRT) opened at 11.04 on Wednesday. Glimcher Realty Trust has a 1-year low of $8.38 and a 1-year high of $12.20. The stock has a 50-day moving average of $10.94 and a 200-day moving average of $10.05. The company’s market cap is $1.602 billion.
A number of research firms have recently commented on GRT. Analysts at TheStreet upgraded shares of Glimcher Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 3rd. On the ratings front, analysts at Jefferies Group raised their price target on shares of Glimcher Realty Trust to $11.00 in a research note on Thursday, May 22nd. Finally, analysts at Jefferies Group raised their price target on shares of Glimcher Realty Trust from $10.00 to $10.50 in a research note on Monday, April 28th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and two have given a buy rating to the stock. Glimcher Realty Trust currently has an average rating of “Buy” and a consensus price target of $11.67.
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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