Squarepoint Ops LLC purchased a new stake in shares of Washington Prime Group Inc (NYSE:WPG) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 28,877 shares of the real estate investment trust’s stock, valued at approximately $140,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WPG. Truehand Inc acquired a new stake in Washington Prime Group during the fourth quarter valued at approximately $29,000. NumerixS Investment Technologies Inc acquired a new stake in Washington Prime Group during the fourth quarter valued at approximately $61,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Washington Prime Group during the fourth quarter valued at approximately $60,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Washington Prime Group during the fourth quarter valued at approximately $78,000. Finally, LS Investment Advisors LLC boosted its holdings in Washington Prime Group by 203.5% during the fourth quarter. LS Investment Advisors LLC now owns 20,602 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 13,814 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

A number of equities research analysts have weighed in on WPG shares. SunTrust Banks downgraded Washington Prime Group from a “hold” rating to a “sell” rating and set a $5.20 price objective on the stock. in a report on Tuesday, January 15th. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. TheStreet raised Washington Prime Group from a “d+” rating to a “c” rating in a report on Thursday, March 7th. Finally, ValuEngine raised Washington Prime Group from a “sell” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. Washington Prime Group has an average rating of “Sell” and a consensus target price of $5.17.

Shares of WPG opened at $4.83 on Friday. The company has a market capitalization of $900.57 million, a PE ratio of 3.20 and a beta of 1.13. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.50 and a current ratio of 0.50. Washington Prime Group Inc has a one year low of $4.54 and a one year high of $8.44.

Washington Prime Group (NYSE:WPG) last announced its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.10). The business had revenue of $184.32 million during the quarter, compared to analyst estimates of $190.10 million. Washington Prime Group had a return on equity of 9.55% and a net margin of 12.94%. On average, sell-side analysts expect that Washington Prime Group Inc will post 1.2 EPS for the current fiscal year.

In other news, EVP Robert P. Demchak sold 11,747 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $5.74, for a total value of $67,427.78. Following the transaction, the executive vice president now directly owns 58,620 shares of the company’s stock, valued at approximately $336,478.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Lindimore sold 5,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $5.75, for a total value of $29,417.00. Following the completion of the transaction, the senior vice president now directly owns 18,920 shares in the company, valued at $108,790. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

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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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