Somewhat Positive Press Coverage Somewhat Unlikely to Impact Washington Prime Group (WPG) Stock Price
News articles about Washington Prime Group (NYSE:WPG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Washington Prime Group earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.9381482174136 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Experts Analysis: Washington Prime Group Inc Cmn (WPG) – ExpertGazette (expertgazette.com)
- WASHINGTON PRIME GROUP, L.P. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Washington Prime Group Inc. (WPG) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Comparing Washington Prime Group (WPG) and The Competition (americanbankingnews.com)
- Is WPG Really Cheaper Than SPG? (seekingalpha.com)
Washington Prime Group (WPG) traded up 0.70% on Tuesday, reaching $8.62. The company’s stock had a trading volume of 1,053,703 shares. The firm’s 50-day moving average price is $8.40 and its 200-day moving average price is $8.49. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 9.37 and a beta of 0.95. Washington Prime Group has a 52-week low of $7.31 and a 52-week high of $12.18.
Washington Prime Group (NYSE:WPG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. The company had revenue of $189.17 million for the quarter, compared to analysts’ expectations of $197.69 million. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. On average, equities analysts expect that Washington Prime Group will post $0.94 earnings per share for the current year.
Several equities analysts have issued reports on the company. BidaskClub upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Boenning Scattergood restated a “hold” rating on shares of Washington Prime Group in a research report on Friday, July 28th. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Washington Prime Group has an average 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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