UP!

GRT $14.06

GRT target price
14.06
0
0
Glimcher Realty Trust
Industry Real estate investment trust
Fate Acquired
Founded 1959
Founder Herbert Glimcher
Headquarters Columbus, Ohio
Key people
Michael P. Glimcher, Chairman & CEO
Mark E. Yale, CFO
Revenue Increase US$0.381 billion (2013)
Net income
Increase -US$0.037 billion (2013)
Total assets Increase US$2.659 billion (2013)
Total equity Decrease US$0.651 billion (2013)
Number of employees
981 (2013)

Glimcher Realty Trust was a real estate investment trust based in Columbus, Ohio that invested in shopping malls. In 2015, the company was acquired by Washington Prime Group.

As of December 31, 2013, the company owned interests in 28 shopping centers in 15 states in the United States containing 19.3 million square feet of gross leasable area.

Notable properties wholly owned by the company included the following:

The company was founded as The Glimcher Company by Herbert Glimcher in 1959, who started in the lumber business. Throughout much of its history, the company's largest tenant was Kmart.

In 1998, the company acquired 5 shopping malls for $375 million.

In 1999, the company received a $1 billion investment from Nomura Holdings to build 4 shopping centers.

On January 26, 1994, the company became a public company via an initial public offering.

In 2004, the company sold 25 properties for $103.1 million.

In 2007, the company sold University Mall in Tampa, Florida for $149 million.

In 2010, the company closed a $320 million joint venture with The Blackstone Group, which included the sale of a 60% interest in 2 malls.

In 2011, the company completed an asset swap with DDR Corp. in which the company sold Polaris Towne Center and purchased Town Center Plaza.

In 2013, the company acquired University Park Village in Fort Worth, Texas for $105 million. The company also acquired Blackstone's 60% interest in WestShore Plaza.

In 2015, the company was acquired by Washington Prime Group for $4.3 billion in stock and cash. As part of the transaction, Jersey Gardens and University Park Village were sold to Simon Property Group for $1.09 billion.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-05-08 Reiterated Rating Canaccord Genuity Hold
2014-09-19 Downgrade KeyBanc Buy to Hold
2014-09-19 Downgrade KeyCorp Buy to Hold
2014-09-16 Boost Price Target MLV & Co. Buy to Hold $13.00 to $14.00
2014-07-21 Reiterated Rating Citigroup Inc. Neutral $11.00 to $12.00
2014-07-21 Downgrade Raymond James Outperform to Market Perform $11.00
2014-07-21 Downgrade Raymond James Financial Inc. Outperform to Market Perform $11.00
2014-05-22 Boost Price Target Jefferies Group $11.00
2014-04-28 Boost Price Target Jefferies Group Hold $10.00 to $10.50
2014-03-26 Initiated MLV & Co Buy $13
2014-03-25 Initiated Coverage MLV & Co. Buy $13.00
2014-02-18 Lower Price Target Raymond James $12.00 to $11.00
2013-12-17 Initiated Coverage Jefferies Group Hold $10.00
2013-10-30 Lower Price Target Raymond James Outperform $13.00 to $12.00
2010-12-08 Downgrade Hilliard Lyons Buy to Neutral
2010-11-01 Reiterated Morgan Joseph Buy $7.50 to $9
2010-07-07 Upgrade Hilliard Lyons Neutral to Buy $7
2010-04-12 Downgrade Hilliard Lyons Buy to Neutral
2010-04-07 Upgrade Hilliard Lyons Neutral to Buy $6.50
2009-04-23 Downgrade Stifel Nicolaus Buy to Hold
2008-02-25 Reiterated Deutsche Securities Hold $18 to $11
2007-07-13 Upgrade Hilliard Lyons Underperform to Neutral
2007-02-23 Reiterated Banc of America Sec Neutral $26 to $29
2007-02-22 Reiterated RBC Capital Mkts Outperform $29 to $32
2016-05-08 Reiterated Rating Canaccord Genuity Hold
2014-09-19 Downgrade KeyBanc Buy to Hold
2014-09-19 Downgrade KeyCorp Buy to Hold
2014-09-16 Boost Price Target MLV & Co. Buy to Hold $13.00 to $14.00
2014-07-21 Reiterated Rating Citigroup Inc. Neutral $11.00 to $12.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In GRT 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
WEILER ALAN R 0.03%  (46758) GRT /
Celeste Richard F 0.02%  (34158) GRT /
DORAN WAYNE S 0.02%  (24158) GRT /
Kampf Ward A. Senior VP, Retail Strategies 0.01%  (13357) GRT /