Great West Life Assurance Co. Can lifted its position in Washington Prime Group Inc (NYSE:WPG) by 10.4% in the 4th quarter, HoldingsChannel reports. The fund owned 382,730 shares of the real estate investment trust’s stock after buying an additional 35,992 shares during the period. Great West Life Assurance Co. Can’s holdings in Washington Prime Group were worth $1,718,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Truehand Inc purchased a new stake in shares of Washington Prime Group in the 4th quarter valued at approximately $29,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Washington Prime Group in the 4th quarter valued at approximately $60,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Washington Prime Group in the 4th quarter valued at approximately $61,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Washington Prime Group in the 4th quarter valued at approximately $71,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Washington Prime Group in the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

In other news, EVP Robert P. Demchak sold 11,747 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $5.74, for a total transaction of $67,427.78. Following the transaction, the executive vice president now owns 58,620 shares in the company, valued at approximately $336,478.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joshua Lindimore sold 5,116 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $5.75, for a total transaction of $29,417.00. Following the transaction, the senior vice president now owns 18,920 shares in the company, valued at approximately $108,790. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on WPG. Zacks Investment Research lowered shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Washington Prime Group presently has a consensus rating of “Sell” and a consensus price target of $5.17.

Washington Prime Group stock opened at $5.42 on Tuesday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 3.58 and a beta of 1.13. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.11. Washington Prime Group Inc has a twelve month low of $4.63 and a twelve month high of $8.44.

Washington Prime Group (NYSE:WPG) last released its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.10). The company had revenue of $184.32 million during the quarter, compared to analyst estimates of $190.10 million. Washington Prime Group had a net margin of 12.94% and a return on equity of 9.55%. Equities research analysts forecast that Washington Prime Group Inc will post 1.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a yield of 18.45%. Washington Prime Group’s dividend payout ratio is presently 66.23%.

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Washington Prime Group Company 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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