Valeo Financial Advisors LLC increased its stake in shares of Washington Prime Group Inc (NYSE:WPG) by 365.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 602,300 shares of the real estate investment trust’s stock after purchasing an additional 473,000 shares during the period. Valeo Financial Advisors LLC owned approximately 0.32% of Washington Prime Group worth $2,192,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WPG. Sheaff Brock Investment Advisors LLC grew its stake in shares of Washington Prime Group by 16.1% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 17,299 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 2,400 shares in the last quarter. California State Teachers Retirement System lifted its stake in Washington Prime Group by 1.0% during the 3rd quarter. California State Teachers Retirement System now owns 291,191 shares of the real estate investment trust’s stock worth $1,206,000 after acquiring an additional 2,825 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Washington Prime Group by 8.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,113 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 3,729 shares during the period. American Asset Management Inc. boosted its holdings in Washington Prime Group by 27.8% during the 3rd quarter. American Asset Management Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 4,000 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Washington Prime Group by 2.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 233,935 shares of the real estate investment trust’s stock valued at $968,000 after acquiring an additional 4,930 shares in the last quarter. Hedge funds and other institutional investors own 82.00% of the company’s stock.

Shares of Washington Prime Group stock traded down $0.29 during trading hours on Friday, reaching $3.46. 203,697 shares of the company were exchanged, compared to its average volume of 2,424,369. The firm has a market cap of $679.22 million, a PE ratio of 23.10 and a beta of 0.85. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.47 and a current ratio of 0.47. Washington Prime Group Inc has a 1 year low of $3.11 and a 1 year high of $5.94. The stock’s fifty day moving average is $3.62 and its 200 day moving average is $3.80.

Washington Prime Group (NYSE:WPG) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.29). Washington Prime Group had a net margin of 5.72% and a return on equity of 4.61%. The company had revenue of $161.20 million during the quarter, compared to analysts’ expectations of $167.65 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Research analysts expect that Washington Prime Group Inc will post 1.37 earnings per share for the current year.

Several analysts have recently issued reports on the stock. Zacks Investment Research reissued a “sell” rating on shares of Washington Prime Group in a research report on Saturday, October 26th. ValuEngine lowered shares of Washington Prime Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th.

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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