Somewhat Positive Media Coverage Somewhat Unlikely to Impact Washington Prime Group (WPG) Share Price
Media stories about Washington Prime Group (NYSE:WPG) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.2233458105467 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Volume Moving the Tape For Washington Prime Group Inc (WPG) – Evergreen Caller (evergreencaller.com)
- Analyst’s Proposition on Washington Prime Group Inc. (WPG), The AES Corporation (AES) – ExpressNewsline (expressnewsline.com)
- Bill Miller IV: Why I’m betting on shopping centers (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Washington Prime Group Inc. (finance.yahoo.com)
- Monitor High Dividend Stock: Washington Prime Group Inc. (WPG) Yielding 10.95% – Voice Of Analysts (analystsbuzz.com)
Shares of Washington Prime Group (WPG) traded down 1.26% on Friday, hitting $8.62. The stock had a trading volume of 5,337,332 shares. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 9.37 and a beta of 0.95. The company has a 50-day moving average of $8.76 and a 200 day moving average of $8.68. Washington Prime Group has a 52 week low of $7.31 and a 52 week high of $14.15.
Washington Prime Group (NYSE:WPG) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. The firm had revenue of $189.17 million during the quarter, compared to analysts’ expectations of $197.69 million. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. Washington Prime Group’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. On average, equities research analysts predict that Washington Prime Group will post $1.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date of this dividend is Wednesday, August 30th. Washington Prime Group’s dividend payout ratio is currently 108.70%.
WPG has been the subject of several research analyst reports. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. ValuEngine downgraded Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Washington Prime Group in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Washington Prime Group presently has an average rating of “Hold” and an average target price of $9.25.
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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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