Economy

Under Analysts Radar: Washington Prime Group Inc Cmn (WPG)

Market capitalization is the total market value of all of a company's outstanding shares. BNP Paribas Arbitrage SA owned 0.06% of Washington Prime Group worth $954,000 as of its most recent SEC filing.

On the last trading day, Washington Prime Group Inc. Average estimation for the current quarter has been provided by 1 analysts.

Shares of Washington Prime Group (NYSE WPG) traded down 1.838% during trading on Tuesday, hitting $7.745. BlackRock Inc. increased its position in Washington Prime Group by 6,927.1% in the first quarter. Pacad Investment Ltd. raised its position in shares of Washington Prime Group by 408.1% in the fourth quarter.

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). Macquarie Group Ltd. increased its position in shares of Washington Prime Group by 12.0% in the fourth quarter. The Company's primary business is the ownership, development and management of retail real estate within the United States. (WPG), a part of Financial sector and belongs to Property Management industry; ended its day with loss -2.28% and finalized at the price of $7.71. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the real estate investment trust's stock valued at $109,000 after buying an additional 1,137 shares during the last quarter. Washington Prime Group Inc. The stock notched a 12-month high of $8.30 while $9.00 target is by far the most aggressive out of analysts who are now evaluating the company, $0.7 higher than the next highest 52-week price estimate.

Investors wait Washington Prime Group Inc (NYSE:WPG) to report on August, 2. its quarterly earnings Wall Street analysts expect $0.41 earnings per share, down $0.02 or 4.65 % from last year's $0.43 same quarter earnings. The consensus mean EPS for the current quarter is at $0.66 derived from a total of 1 estimates from the analysts who have weighed in on projected earnings.

Net profit margin of the company is seen at 6.40%. The company had revenue of $202.39 million for the quarter, compared to analyst estimates of $198.72 million. However the company reported $0.1 earnings per share for the same quarter during past year. The firm's revenue was down 3.6% on a year-over-year basis.

On the other hand the company has Relative Strength Index (RSI 14) of 39.03 along with Average True Range (ATR 14) of 0.3, Consequently Washington Prime Group Inc Cmn (NYSE:WPG)'s weekly and monthly volatility is 3.42%, 3.58% respectively. Stockholders of record on Thursday, June 1st were issued a dividend of $0.25 per share. (WPG) Ex-Dividend Date Scheduled for May 30, 2017" with publication date: "May 26, 2017 was also an interesting one.

Annual Dividend Yield of Washington Prime Group Inc. Washington Prime Group's dividend payout ratio (DPR) is now 500.00%. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & worldwide copyright legislation. The original version of this news story can be accessed at https://sportsperspectives.com/2017/06/22/washington-prime-group-inc-wpg-stake-lowered-by-ameriprise-financial-inc-updated.html. (WPG), the 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. Zacks Investment Research upgraded Washington Prime Group from a "hold" rating to a "buy" rating and set a $9.25 price objective on the stock in a research note on Wednesday, May 10th.

In related news, insider Keric M. Knerr acquired 6,119 shares of the business's stock in a transaction on Tuesday, March 28th. Following the purchase, the insider now owns 12,942 shares of the company's stock, valued at approximately $105,736.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.



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