Metropolitan Life Insurance Co. NY lowered its position in shares of Washington Prime Group Inc. (NYSE:WPG) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 306,438 shares of the real estate investment trust’s stock after selling 1,005 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Washington Prime Group were worth $2,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Washington Prime Group by 6,927.1% in the first quarter. BlackRock Inc. now owns 24,434,249 shares of the real estate investment trust’s stock worth $212,335,000 after buying an additional 24,086,536 shares during the last quarter. Forward Management LLC bought a new position in Washington Prime Group during the first quarter worth $24,867,000. Norges Bank bought a new position in Washington Prime Group during the fourth quarter worth $19,388,000. KRV Capital LP raised its position in Washington Prime Group by 506.7% in the first quarter. KRV Capital LP now owns 1,820,159 shares of the real estate investment trust’s stock worth $15,817,000 after buying an additional 1,520,159 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in Washington Prime Group during the first quarter worth $11,274,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Shares of Washington Prime Group Inc. (NYSE:WPG) opened at 8.83 on Monday. Washington Prime Group Inc. has a 52-week low of $7.31 and a 52-week high of $14.15. The company has a 50-day moving average price of $7.98 and a 200-day moving average price of $8.97. The company has a market cap of $1.64 billion, a P/E ratio of 30.45 and a beta of 0.91.

Washington Prime Group (NYSE:WPG) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $202.39 million during the quarter, compared to analysts’ expectations of $198.72 million. Washington Prime Group had a return on equity of 6.36% and a net margin of 8.13%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts predict that Washington Prime Group Inc. will post $1.05 EPS for the current year.

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WPG has been the subject of a number of recent analyst reports. Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, BidaskClub raised Washington Prime Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th.

In other news, CEO Louis G. Conforti purchased 12,125 shares of the business’s stock in a transaction on Friday, May 5th. The stock was acquired at an average price of $8.25 per share, for a total transaction of $100,031.25. Following the acquisition, the chief executive officer now directly owns 40,825 shares of the company’s stock, valued at approximately $336,806.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.

Washington Prime Group Company Profile

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

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