NEW YORK (
) is trading at unusually high volume Friday with 3.7 million shares changing hands. It is currently at 4.6 times its average daily volume and trading up 28 cents (+2.9%) at $10.19 as of 11:43 a.m. ET.
Glimcher has a market cap of $966 million and is part of the
industry. Shares are up 17.9% year to date as of the close of trading on Thursday.
Glimcher Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, leases, acquires, develops, and operates a portfolio of retail properties, including regional and super regional malls, as well as community shopping centers.
TheStreet Ratings rates Glimcher as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and weak operating cash flow. You can view the full
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