Washington Prime Group (WPG) Trading Down 5.2%
Shares of Washington Prime Group Inc (NYSE:WPG) traded down 5.2% during trading on Friday . The stock traded as low as $5.40 and last traded at $5.63. 5,706,944 shares were traded during mid-day trading, an increase of 122% from the average session volume of 2,568,980 shares. The stock had previously closed at $5.94.
Several analysts have commented on the company. Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Boenning Scattergood reissued a “sell” rating on shares of Washington Prime Group in a report on Friday, October 27th. Finally, SunTrust Banks set a $8.00 price objective on Washington Prime Group and gave the company a “hold” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.00.
The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $1,142.62, a price-to-earnings ratio of 6.55 and a beta of 0.74.
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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