Quantitative Investment Management LLC bought a new stake in Washington Prime Group (NYSE:WPG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 125,800 shares of the real estate investment trust’s stock, valued at approximately $895,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Washington Prime Group by 44.2% during the third quarter. Wells Fargo & Company MN now owns 435,450 shares of the real estate investment trust’s stock valued at $3,628,000 after buying an additional 133,493 shares in the last quarter. Quantbot Technologies LP acquired a new position in Washington Prime Group during the third quarter valued at approximately $334,000. Point72 Asset Management L.P. acquired a new position in Washington Prime Group during the third quarter valued at approximately $9,100,000. Schwab Charles Investment Management Inc. lifted its position in Washington Prime Group by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,322,561 shares of the real estate investment trust’s stock valued at $23,657,000 after buying an additional 274,262 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Washington Prime Group by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,802,946 shares of the real estate investment trust’s stock valued at $23,349,000 after buying an additional 130,514 shares in the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.

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In other news, CEO Louis G. Conforti bought 28,198 shares of Washington Prime Group stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $6.49 per share, with a total value of $183,005.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Washington Prime Group stock opened at $6.22 on Thursday. Washington Prime Group has a 12-month low of $5.40 and a 12-month high of $9.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $1,151.91, a price-to-earnings ratio of 6.28 and a beta of 0.68.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 16.08%. Washington Prime Group’s payout ratio is currently 101.01%.

A number of brokerages have weighed in on WPG. Zacks Investment Research raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. ValuEngine raised shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks set a $8.00 price target on shares of Washington Prime Group and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Boenning Scattergood reaffirmed a “sell” rating on shares of Washington Prime Group in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $8.00.

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Washington Prime Group Profile

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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