OxFORD Asset Management LLP Purchases New Stake in Washington Prime Group Inc (WPG)
OxFORD Asset Management LLP purchased a new position in shares of Washington Prime Group Inc (NYSE:WPG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 124,377 shares of the real estate investment trust’s stock, valued at approximately $1,056,000. OxFORD Asset Management LLP owned about 0.07% of Washington Prime Group at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of WPG. Bank of New York Mellon Corp raised its position in Washington Prime Group by 42.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,413,013 shares of the real estate investment trust’s stock worth $53,677,000 after buying an additional 1,907,079 shares during the last quarter. FMR LLC raised its position in Washington Prime Group by 51.3% during the 2nd quarter. FMR LLC now owns 5,470,935 shares of the real estate investment trust’s stock worth $45,792,000 after buying an additional 1,854,721 shares during the last quarter. Private Management Group Inc. purchased a new position in Washington Prime Group during the 2nd quarter worth approximately $9,928,000. American Century Companies Inc. raised its position in Washington Prime Group by 128.8% during the 2nd quarter. American Century Companies Inc. now owns 1,948,284 shares of the real estate investment trust’s stock worth $16,307,000 after buying an additional 1,096,607 shares during the last quarter. Finally, Fairholme Capital Management LLC raised its position in Washington Prime Group by 291.0% during the 2nd quarter. Fairholme Capital Management LLC now owns 1,331,300 shares of the real estate investment trust’s stock worth $11,143,000 after buying an additional 990,800 shares during the last quarter. 89.83% of the stock is owned by institutional investors.
A number of research firms have issued reports on WPG. Zacks Investment Research raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine raised shares of Washington Prime Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Boenning Scattergood reaffirmed a “sell” rating on shares of Washington Prime Group in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Washington Prime Group has a consensus rating of “Hold”.
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 analysts’ consensus estimates of $0.40 by ($0.03). Washington Prime Group had a net margin of 21.85% and a return on equity of 16.17%. The company had revenue of $179.32 million during the quarter, compared to analyst estimates of $188.54 million. During the same period in the prior year, the business posted $0.46 EPS. Washington Prime Group’s revenue was down 14.6% compared to the same quarter last year. sell-side analysts anticipate that Washington Prime Group Inc will post 1.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.25 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 14.64%. Washington Prime Group’s dividend payout ratio is currently 116.28%.
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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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