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Enter Symbol:
 
Glimcher Realty Trust (GRT) [hlAlert]

Rating:
Buy GRT
up 83.79 %

Glimcher Realty Trust (GRT) rated Buy with price target $9 by Morgan Joseph

Posted on: Monday,  Nov 1, 2010  10:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Glimcher Realty Trust (NYSE: GRT) on 11/01/2010, when the stock price was $7.65. Since
then, Glimcher Realty Trust has gained 83.79% as of 01/15/2015's recent price of $14.06.
If you would have followed this Morgan Joseph's recommendation on GRT, you would have gained 83.79% of your investment in 1536 days.

Glimcher Realty Trust (GRT) is an integrated real estate investment trust (REIT). The Company owns, leases, acquires, develops and operates a portfolio of retail properties consisting of enclosed regional and super regional malls (Malls) and community shopping centers (Community Centers). At December 31, 2008, the Malls and Community Centers (the Properties) consisted of 23 Malls (21 wholly owned and two partially owned through a joint venture) containing an aggregate of 20.9 million square feet of gross leasable area (GLA) and four Community Centers containing an aggregate of 769,000 square feet square feet of GLA. At December 31, 2008, GRT held a 92.2% interest in a partnership, of which Glimcher Properties Corporation, a wholly owned subsidiary of GRT, is sole general partner.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/1/2010 10:25 AM Buy
None
7.65 9.00
as of 12/31/2010
1 Week up  8.75 %
1 Month up  7.82 %
3 Months up  15.29 %
1 YTD up  15.29 %

(*) Stock Price at the time of the recommendation.
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