Mutual of America Capital Management LLC lifted its stake in shares of Washington Prime Group Inc. (NYSE:WPG) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,737 shares of the real estate investment trust’s stock after purchasing an additional 7,209 shares during the quarter. Mutual of America Capital Management LLC owned 0.09% of Washington Prime Group worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in WPG. Chilton Capital Management LLC bought a new stake in shares of Washington Prime Group during the 2nd quarter valued at approximately $101,000. Creative Planning grew its holdings in Washington Prime Group by 26.9% during the 2nd quarter. Creative Planning now owns 12,772 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,710 shares during the last quarter. Shelton Capital Management bought a new stake in Washington Prime Group during the 2nd quarter worth approximately $111,000. Timber Hill LLC bought a new stake in Washington Prime Group during the 2nd quarter worth approximately $113,000. Finally, Riverhead Capital Management LLC grew its holdings in Washington Prime Group by 71.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,885 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 5,785 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors.

Shares of Washington Prime Group Inc. (NYSE WPG) opened at $7.01 on Friday. 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 company has a market cap of $1,464.04, a P/E ratio of 4.72 and a beta of 0.92.

Washington Prime Group (NYSE:WPG) last released its quarterly 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 firm had revenue of $179.32 million for the quarter, compared to the consensus estimate of $188.54 million. Washington Prime Group had a net margin of 21.85% and a return on equity of 16.17%. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. equities analysts predict that Washington Prime Group Inc. will post 1.63 EPS for the current year.

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WPG has been the topic of a number of research reports. TheStreet raised shares of Washington Prime Group from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Boenning Scattergood reissued a “hold” rating on shares of Washington Prime Group in a report on Friday, July 28th. BidaskClub raised shares of Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Washington Prime Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, ValuEngine lowered shares of Washington Prime Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.

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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