Teachers Insurance & Annuity Association of America Has $1.45 Million Stake in Washington Prime Group Inc (WPG)
Teachers Insurance & Annuity Association of America grew its stake in shares of Washington Prime Group Inc (NYSE:WPG) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,651 shares of the real estate investment trust’s stock after buying an additional 18,143 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Washington Prime Group were worth $1,450,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of WPG. Guggenheim Capital LLC lifted its holdings in Washington Prime Group by 69.5% in the 4th quarter. Guggenheim Capital LLC now owns 614,904 shares of the real estate investment trust’s stock worth $4,380,000 after purchasing an additional 252,147 shares in the last quarter. Deutsche Bank AG lifted its holdings in Washington Prime Group by 175.2% in the 4th quarter. Deutsche Bank AG now owns 660,294 shares of the real estate investment trust’s stock worth $4,698,000 after purchasing an additional 420,359 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in Washington Prime Group in the 4th quarter worth approximately $895,000. AMP Capital Investors Ltd lifted its holdings in Washington Prime Group by 24.4% in the 4th quarter. AMP Capital Investors Ltd now owns 139,138 shares of the real estate investment trust’s stock worth $991,000 after purchasing an additional 27,281 shares in the last quarter. Finally, Thrivent Financial For Lutherans purchased a new position in Washington Prime Group in the 4th quarter worth approximately $694,000. 91.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Washington Prime Group Inc (NYSE WPG) opened at $6.45 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.09. Washington Prime Group Inc has a 12 month low of $5.40 and a 12 month high of $9.79. The stock has a market capitalization of $1,192.78, a P/E ratio of 6.52 and a beta of 0.68.
In other news, CEO Louis G. Conforti acquired 28,198 shares of Washington Prime Group stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $6.49 per share, with a total value of $183,005.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.
A number of research firms recently commented on WPG. Boenning Scattergood reissued a “sell” rating on shares of Washington Prime Group in a report on Friday, February 23rd. ValuEngine raised Washington Prime Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, SunTrust Banks set a $8.00 price target on Washington Prime Group and gave the stock a “hold” rating in a report on Monday, January 22nd. Two 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 currently has an average rating of “Hold” and a consensus target price of $8.00.
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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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