Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Washington Prime Group Inc (NYSE:WPG) by 44.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,566 shares of the real estate investment trust’s stock after purchasing an additional 63,616 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Washington Prime Group were worth $1,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WPG. BlackRock Inc. lifted its holdings in Washington Prime Group by 15.7% during the second quarter. BlackRock Inc. now owns 29,478,010 shares of the real estate investment trust’s stock valued at $239,065,000 after purchasing an additional 4,009,321 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Washington Prime Group during the third quarter valued at about $9,746,000. Northern Trust Corp lifted its holdings in Washington Prime Group by 15.9% during the second quarter. Northern Trust Corp now owns 4,429,775 shares of the real estate investment trust’s stock valued at $35,924,000 after purchasing an additional 607,560 shares during the last quarter. Chicago Equity Partners LLC lifted its holdings in Washington Prime Group by 763.4% during the second quarter. Chicago Equity Partners LLC now owns 658,725 shares of the real estate investment trust’s stock valued at $5,342,000 after purchasing an additional 582,430 shares during the last quarter. Finally, Cortina Asset Management LLC purchased a new stake in Washington Prime Group during the second quarter valued at about $4,652,000. 86.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Louis G. Conforti purchased 13,857 shares of the stock in a transaction dated Thursday, September 20th. The shares were purchased at an average cost of $7.22 per share, with a total value of $100,047.54. Following the completion of the acquisition, the chief executive officer now owns 155,572 shares in the company, valued at approximately $1,123,229.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Louis G. Conforti purchased 16,286 shares of the stock in a transaction dated Thursday, November 15th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $99,996.04. Following the completion of the acquisition, the chief executive officer now owns 171,858 shares of the company’s stock, valued at approximately $1,055,208.12. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.

NYSE WPG opened at $6.15 on Friday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 3.77 and a beta of 0.75. Washington Prime Group Inc has a 52 week low of $5.40 and a 52 week high of $8.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 3.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 16.26%. The ex-dividend date is Friday, November 30th. Washington Prime Group’s dividend payout ratio (DPR) is presently 61.35%.

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About Washington Prime Group

Washington Prime Group Inc is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.

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Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

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