NEW YORK ( TheStreet) -- Glimcher Realty (NYSE: GRT) hit a new 52-week high Wednesday as it is currently trading at $10.44, above its previous 52-week high of $10.42 with 39,930 shares traded as of 9:55 a.m. ET. Average volume has been 831,300 shares over the past 30 days. Glimcher has a market cap of $988.9 million and is part of the financial sector and real estate industry. Shares are up 12.5% year to date as of the close of trading on Tuesday. 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 hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Glimcher Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.