Economy

Highly Traded Stock: Washington Prime Group Inc. (WPG)

BNP Paribas Arbitrage SA cut its stake in shares of Washington Prime Group Inc. (NYSE:WPG) notched a 2.83% intraday gain moving at $8.35. The firm owned 85,163 shares of the real estate investment trust's stock after selling 24,629 shares during the period. This is assuming the current $0.40 EPS is accurate.

On the other hand Washington Prime Group Inc Cmn (NYSE:WPG) has Relative Strength Index (RSI 14) of 45.33 along with Average True Range (ATR 14) of 0.23. 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 period. MA raised its holdings in Washington Prime Group by 4.5% during the 1st quarter. (NYSE:WPG) traded up 2.771% during trading on Monday, hitting $8.345.

The 14-day ADX for Prime Media Group Ltd (PRT.AX) is standing at 25.67. "(WPG) Shares Bought by Martingale Asset Management L P" was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another publication, it was stolen and reposted in violation of US and worldwide copyright and trademark laws.

TRADEMARK VIOLATION NOTICE: "Washington Prime Group Inc".

WPG has been the subject of several recent research reports. TheStreet raised Washington Prime Group from a "d+" rating to a "c" rating in a report on Wednesday, July 26th. BidaskClub upgraded shares of Washington Prime Group from a "sell" rating to a "hold" rating in a report on Tuesday, June 27th. Zacks Investment Research lowered Washington Prime Group from a "hold" rating to a "sell" rating in a research note on Wednesday, August 2nd. ValuEngine lowered shares of Washington Prime Group from a "buy" rating to a "hold" rating in a report on Friday, September 1st. Suntrust Robinson downgraded Washington Prime Group Inc (NYSE:WPG) on Friday, January 22 to "Neutral" rating. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Washington Prime Group Inc Cmn (NYSE:WPG) high price target of $9 and with a conservative view have low price target of $8.5.

Washington Prime Group Inc., formerly WP Glimcher Inc., operates as a self-administered and self-managed real estate investment trust (REIT). For the next financial year, analysts anticipate that the company will post sales of $773.55 million per share, with estimates ranging from $749.40 million to $797.69 million. WPG's latest closing price was -6.10% away from the average-price of 200 days while it maintained a distance of -3.68% from the 50 Day Moving Average and -0.21% away compared to its SMA 20.

Washington Prime Group Inc. has a one year low of $7.31 and a one year high of $12.78.

The move comes after 7 months positive chart setup for the $1.56B company. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.66 by $0.06. Revenue during the quarter was $189.17 million, representing -8% growth from $205.74 million in year-ago quarter. (WPG) Ex-Dividend Date Scheduled for August 30, 2017" published on August 29, 2017 as well as Nasdaq.com's news article titled: "Ex-Dividend Reminder: "Northern Trust, Washington Prime Group and Cathay ..." with publication date: "August 28, 2017. The business's quarterly revenue was down 8.1% on a year-over-year basis. Average estimation for the current quarter has been provided by 1 analysts.

Previously Washington Prime Group Inc Cmn (NYSE:WPG) reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $-0.05. Investors of record on Friday, September 1st were given a dividend of $0.25 per share.

Prime Media Group Ltd (PRT.AX) presently has a 14-day Commodity Channel Index (CCI) of -135.14.

What Historical Figures Say About Washington Prime Group Inc. The stock has 186.84 shares outstanding while 97.50% shares of the company were owned by institutional investors.



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