Economy

Washington Prime Group Inc (WPG) Analysts See $0.41 EPS

Teachers Insurance & Annuity Association of America owned approximately 0.10% of Washington Prime Group worth $1,685,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Ltd. owned 0.07% of Washington Prime Group worth $1,078,000 at the end of the most recent reporting period. Breton Hill Capital Ltd. now owns 49,994 shares of the real estate investment trust's stock valued at $434,000 after buying an additional 341 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Washington Prime Group by 2.2% in the first quarter. State Treasurer State of MI now owns 75,321 shares of the real estate investment trust's stock worth $655,000 after buying an additional 700 shares in the last quarter. According to these analysts, the Low Revenue Estimate for Washington Prime Group Inc.is 193.7 Million and the High Revenue Estimate is 201.68 Million. Real Estate Management Services LLC now owns 3,390,900 shares of the real estate investment trust's stock valued at $29,467,000 after buying an additional 321,300 shares during the last quarter.

Washington Prime Group Inc. closed its last trading session at $8.26 with the gain of 1.09%. Finally, Independent Advisor Alliance purchased a new position in shares of Washington Prime Group during the first quarter valued at about $238,000. And it remains to be seen which target price WPG can achieve without sacrificing much as the company is holding a -34.39% fall for the past twelve months. Washington Prime Group has a 1-year low of $7.31 and a 1-year high of $14.15.

Washington Prime Group (NYSE WPG) opened at 8.35 on Thursday. Earnings, with 1 analysts believing the company would generate an Average Estimate of $0.66. Washington Prime Group Inc. It has a market cap of $1.54 Billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 1.25% where SMA50 and SMA200 are 2.73% and -11.98% respectively.

Washington Prime Group (NYSE:WPG) last posted its earnings results on Wednesday, April 26th. For the current quarter Washington Prime Group Inc Cmn (NYSE:WPG) has high EPS estimates of $0.66 in contradiction of low EPS estimates of $0.66. Washington Prime Group had a return on equity of 6.36% and a net margin of 8.13%. Revenue for the quarter also killed consensus, coming in at $202.39 Million, compared to the consensus of 198.72 Million. They expect $0.41 EPS, down 4.65 % or $0.02 from last year's $0.43 per share. The firm's revenue was down 3.6% compared to the same quarter a year ago. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.23. The dividend yield was $12.09. The ex-dividend date of this dividend was Tuesday, May 30th. Washington Prime Group's dividend payout ratio (DPR) is now 500.00%.

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While looking at the Stock's Performance, Washington Prime Group Inc. now shows a Weekly Performance of -1.3%, where Monthly Performance is -0.71%, Quarterly performance is -6.49%, 6 Months performance is -20.7% and yearly performance percentage is -32.06%.

A number of analysts have issued reports on WPG shares. The rating was upgraded by Goldman Sachs on Wednesday, January 6 to "Buy". BidaskClub raised Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th. ValuEngine downgraded Washington Prime Group from a "buy" rating to a "hold" rating in a research note on Tuesday, June 6th. The company was downgraded on Friday, July 15 by Goldman Sachs. Currently, the stock has a 1 Year Price Target of $8.3. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.



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