Glimcher Stock Falls On Unusually High Volume (GRT)

NEW YORK ( TheStreet) -- Glimcher Realty (NYSE: GRT) is trading at unusually high volume Thursday with 3.7 million shares changing hands. It is currently at 4.4 times its average daily volume and trading down 21 cents (-2.1%) at $10 as of 9:55 a.m. ET.

Glimcher has a market cap of $988.9 million and is part of the financial sector and real estate industry. Shares are up 11% year to date as of the close of trading on Wednesday.

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, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Glimcher Ratings Report.

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