Washington Prime Group (WPG) Posts Quarterly Results
Washington Prime Group (NYSE:WPG) announced its earnings results on Friday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05, AmericanBankingNews.com reports. The company had revenue of $158.18 million for the quarter, compared to the consensus estimate of $160.60 million.
On the ratings front, analysts at SunTrust initiated coverage on shares of Washington Prime Group in a research note on Monday, July 21st. They set a “neutral” rating on the stock.
Shares of Washington Prime Group (NYSE:WPG) opened at 18.60 on Friday. Washington Prime Group has a one year low of $18.47 and a one year high of $21.49. The stock’s 50-day moving average is $19.06 and its 200-day moving average is $19.. The company has a market cap of $2.886 billion and a price-to-earnings ratio of 16.70.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Monday, August 25th.
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