Glimcher Stock Hits New 52-Week High (GRT)

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.

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