Shares of Washington Prime Group Inc. (NYSE:WPG) have earned a consensus broker rating score of 4.00 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and one has issued a hold recommendation on the company.

Analysts have set a twelve-month consensus price target of $7.75 for the company and are predicting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Washington Prime Group an industry rank of 206 out of 265 based on the ratings given to related companies.

Several brokerages recently issued reports on WPG. Zacks Investment Research downgraded shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Boenning Scattergood downgraded shares of Washington Prime Group from a “neutral” rating to an “under perform” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

Washington Prime Group (WPG) traded up $0.15 during mid-day trading on Friday, hitting $7.30. 4,461,691 shares of the company traded hands, compared to its average volume of 2,481,002. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $1,330.00, a PE ratio of 4.32 and a beta of 0.93. Washington Prime Group has a twelve month low of $6.71 and a twelve month high of $10.97.

Washington Prime Group (NYSE:WPG) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). The company had revenue of $179.32 million for the quarter, compared to the consensus estimate of $188.54 million. Washington Prime Group had a return on equity of 16.17% and a net margin of 21.85%. The company’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. analysts predict that Washington Prime Group will post 1.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 13.70%. Washington Prime Group’s payout ratio is 138.89%.

A number of large investors have recently added to or reduced their stakes in WPG. Dimensional Fund Advisors LP boosted its position in Washington Prime Group by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,552,843 shares of the real estate investment trust’s stock worth $22,183,000 after acquiring an additional 59,936 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Washington Prime Group by 578.4% in the 2nd quarter. Bank of Montreal Can now owns 328,559 shares of the real estate investment trust’s stock valued at $2,750,000 after buying an additional 280,130 shares during the last quarter. Creative Planning boosted its holdings in shares of Washington Prime Group by 26.9% in the 2nd quarter. Creative Planning now owns 12,772 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,710 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Washington Prime Group by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 67,945 shares of the real estate investment trust’s stock valued at $569,000 after buying an additional 2,863 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Washington Prime Group by 16.2% in the 2nd quarter. LS Investment Advisors LLC now owns 15,833 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 2,207 shares during the last quarter. 89.87% of the stock is owned by hedge funds and other institutional investors.

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About Washington Prime Group

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.

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