Washington Prime Group Inc. (NYSE:WPG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Washington Prime Group Inc. is a retail REIT. The company is engaged in the ownership, management, acquisition and development of retail properties. Washington Prime Group Inc., formerly known as WP Glimcher Inc., is based in COLUMBUS, United States. “

Shares of Washington Prime Group (NYSE:WPG) opened at 9.40 on Wednesday. The company’s market cap is $1.74 billion. The stock has a 50 day moving average of $9.95 and a 200 day moving average of $11.21. Washington Prime Group has a 1-year low of $7.47 and a 1-year high of $14.15.

“Washington Prime Group Inc. (WPG) Rating Increased to Hold at Zacks Investment Research” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of international copyright and trademark law. The original version of this news story can be read at http://www.watchlistnews.com/washington-prime-group-inc-wpg-rating-increased-to-hold-at-zacks-investment-research/1121607.html.

Hedge funds have recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Washington Prime Group by 2.2% in the second quarter. Amalgamated Bank now owns 22,923 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 503 shares in the last quarter. Chicago Equity Partners LLC raised its stake in shares of Washington Prime Group by 11.0% in the second quarter. Chicago Equity Partners LLC now owns 19,025 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,880 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Washington Prime Group by 4.8% in the fourth quarter. Federated Investors Inc. PA now owns 144,579 shares of the real estate investment trust’s stock valued at $1,505,000 after buying an additional 6,584 shares in the last quarter. Comerica Bank raised its stake in shares of Washington Prime Group by 6.1% in the fourth quarter. Comerica Bank now owns 136,372 shares of the real estate investment trust’s stock valued at $1,372,000 after buying an additional 7,884 shares in the last quarter. Finally, Tyers Asset Management LLC purchased a new stake in shares of Washington Prime Group during the fourth quarter valued at about $103,000. 91.88% of the stock is owned by institutional investors and hedge funds.

Washington Prime Group Company Profile

Washington Prime Group Inc, formerly WP Glimcher Inc, is a real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate properties. Washington Prime Group, L.P. (WPG L.P.) is the Company’s subsidiary that owns, through its affiliates, the Company’s real estate properties and other assets.

5 Day Chart for NYSE:WPG

Get a free copy of the Zacks research report on Washington Prime Group (WPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Washington Prime Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Prime Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.