Washington Prime Group Inc (NYSE:WPG) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 30,218,631 shares, a growth of 15.6% from the November 15th total of 26,135,839 shares. Based on an average daily trading volume, of 2,233,435 shares, the short-interest ratio is currently 13.5 days. Currently, 16.3% of the company’s stock are short sold.

A number of research firms recently commented on WPG. Zacks Investment Research raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Boenning Scattergood reaffirmed a “sell” rating on shares of Washington Prime Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Washington Prime Group presently has an average rating of “Hold”.

Washington Prime Group (NYSE:WPG) opened at $7.03 on Friday. Washington Prime Group has a 52-week low of $6.62 and a 52-week high of $10.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $1,287.53, a price-to-earnings ratio of 4.15 and a beta of 0.88.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). Washington Prime Group had a return on equity of 16.17% and a net margin of 21.85%. The business had revenue of $179.32 million for the quarter, compared to analysts’ expectations of $188.54 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. equities analysts anticipate that Washington Prime Group will post 1.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.22%. The ex-dividend date of this dividend was Thursday, November 30th. Washington Prime Group’s payout ratio is currently 116.28%.

A number of institutional investors have recently modified their holdings of WPG. Bank of New York Mellon Corp grew its position in Washington Prime Group by 42.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,413,013 shares of the real estate investment trust’s stock worth $53,677,000 after purchasing an additional 1,907,079 shares during the last quarter. FMR LLC grew its position in Washington Prime Group by 51.3% during the 2nd quarter. FMR LLC now owns 5,470,935 shares of the real estate investment trust’s stock worth $45,792,000 after purchasing an additional 1,854,721 shares during the last quarter. Private Management Group Inc. purchased a new position in Washington Prime Group during the 2nd quarter worth $9,928,000. American Century Companies Inc. grew its position in Washington Prime Group by 128.8% during the 2nd quarter. American Century Companies Inc. now owns 1,948,284 shares of the real estate investment trust’s stock worth $16,307,000 after purchasing an additional 1,096,607 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Washington Prime Group during the 3rd quarter worth $9,100,000. 89.86% of the stock is currently owned by institutional investors.

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Washington Prime Group Company Profile

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.

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