Economy

Washington Prime Group Inc (WPG) to Release Earnings on Thursday

Louisiana State Employees Retirement System now owns 46,800 shares of the real estate investment trust's stock worth $407,000 after purchasing an additional 1,000 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in Washington Prime Group in the second quarter worth $101,000. The firm owned 673,158 shares of the real estate investment trust's stock after acquiring an additional 158,358 shares during the quarter. Great West Life Assurance Co. MA grew its holdings in Washington Prime Group by 4.5% during the first quarter. While it's Return on Investment (ROI) value is 4.9%. Legal & General Group Plc owned approximately 0.36% of Washington Prime Group worth $5,636,000 at the end of the most recent quarter. State Treasurer State of MI now owns 75,321 shares of the real estate investment trust's stock worth $655,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 88.70% stake in the company while Beta factor, which is used to measure riskiness of the security, was 0.50.

COPYRIGHT VIOLATION WARNING: "BNP Paribas Arbitrage SA Has $713,000 Position in Washington Prime Group Inc". Year-to-date it plunged -22.19%. If you are reading this report on another domain, it was stolen and republished in violation of global copyright law. The legal version of this news story can be read at https://stocknewstimes.com/2017/09/17/washington-prime-group-inc-wpg-lowered-to-hold-at-valuengine.html.

Where the Level Of Risk Stands For This Stock? Finally, TheStreet raised Washington Prime Group from a d+ rating to a c rating in a research report on Wednesday, July 26th. BidaskClub downgraded Washington Prime Group from a "buy" rating to a "hold" rating in a research note on Friday, August 18th.

Wall Street analysts have a consensus 3.30 recommendation on the stock. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward.

Shares of Washington Prime Group Inc. That's a potential 8.94 increase relative to where Aramark (NYSE:ARMK) has been trading recently. For the current quarter Washington Prime Group Inc Cmn (NYSE:WPG) has high EPS estimates of $0.21 in contradiction of low EPS estimates of $0.21. Washington Prime Group Inc Cmn (NYSE:WPG) has a market cap of $1.51 Billion and the number of outstanding shares have been calculated 185.98 Million. However the price at the close of last session was -3.48% lower than its 50-day moving average and -6.14% under its 200-day moving average.

The value of the total investment in Washington Prime Group Inc. decreased from $32,880,000 to $21,751,000 decreasing 33.8% since the last quarter. They expect $0.40 EPS, down 13.04% or $0.06 from last year's $0.46 per share. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. Average estimation for the current quarter has been provided by 1 analysts. During the same period in the previous year, the firm earned $0.45 earnings per share. The General American Investors Company Inc holds 265,191 shares with $15.61M value, down from 397,191 last quarter.

In case of Revenue Estimates, 2 analysts have provided their consensus Average Revenue Estimates for Washington Prime Group Inc.as 187.98 Million.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.25 dividend. The firm has "Underperform" rating by Boenning \u0026 Scattergood given on Wednesday, August 23. This represents a $1.00 annualized dividend and a dividend yield of 11.79%. Washington Prime Group's dividend payout ratio (DPR) is now 108.70%.

Washington Prime Group Inc Cmn (NYSE:WPG) as of recent trade, has shown weekly downbeat performance of -3.57% which was maintained at -2.99% in 1-month period.



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