Washington Prime Group Inc (WPG) CEO Buys $183,005.02 in Stock
Washington Prime Group Inc (NYSE:WPG) CEO Louis G. Conforti purchased 28,198 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $6.49 per share, for a total transaction of $183,005.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Washington Prime Group Inc (NYSE WPG) traded down $0.15 during midday trading on Friday, hitting $6.52. 3,260,000 shares of the company traded hands, compared to its average volume of 2,690,000. The company has a current ratio of 0.07, a quick 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 $1,210.00, a P/E ratio of 7.58 and a beta of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 15.34%. The ex-dividend date of this dividend is Friday, March 2nd. Washington Prime Group’s payout ratio is 116.28%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC purchased a new position in shares of Washington Prime Group in the fourth quarter worth $170,000. Xact Kapitalforvaltning AB purchased a new position in shares of Washington Prime Group in the fourth quarter worth $156,000. MetLife Investment Advisors LLC purchased a new position in shares of Washington Prime Group in the fourth quarter worth $1,379,000. Jane Street Group LLC increased its position in Washington Prime Group by 137.5% during the 4th quarter. Jane Street Group LLC now owns 29,610 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 17,142 shares during the period. Finally, Two Sigma Advisers LP increased its position in Washington Prime Group by 27.9% during the 4th quarter. Two Sigma Advisers LP now owns 317,859 shares of the real estate investment trust’s stock valued at $2,263,000 after purchasing an additional 69,300 shares during the period. 88.18% of the stock is currently owned by institutional investors.
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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