Washington Prime Group Inc (NYSE:WPG) – Analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for Washington Prime Group in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings per share of $0.39 for the quarter. Boenning Scattergood has a “Sell” rating on the stock. Boenning Scattergood also issued estimates for Washington Prime Group’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.56 EPS.

WPG has been the topic of several other research reports. Zacks Investment Research upgraded shares of Washington Prime Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Washington Prime Group currently has a consensus rating of “Hold”.

Washington Prime Group (NYSE:WPG) traded up $0.15 during trading hours on Wednesday, hitting $6.91. 8,067,400 shares of the stock traded hands, compared to its average volume of 2,680,000. Washington Prime Group has a one year low of $6.62 and a one year high of $10.60. 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 company has a market cap of $1,280.00, a P/E ratio of 9.60 and a beta of 0.89.

Washington Prime Group (NYSE:WPG) last posted 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 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 company had revenue of $179.32 million for the quarter, compared to the consensus estimate of $188.54 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year.

Several large investors have recently bought and sold shares of WPG. First Trust Advisors LP increased its holdings in shares of Washington Prime Group by 277.3% during the 2nd quarter. First Trust Advisors LP now owns 232,646 shares of the real estate investment trust’s stock worth $1,947,000 after purchasing an additional 170,981 shares during the period. SG Americas Securities LLC boosted its position in shares of Washington Prime Group by 41.9% during the 2nd quarter. SG Americas Securities LLC now owns 30,691 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 9,055 shares in the last quarter. Comerica Bank boosted its position in shares of Washington Prime Group by 0.6% during the 2nd quarter. Comerica Bank now owns 143,362 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 786 shares in the last quarter. Utah Retirement Systems boosted its position in shares of Washington Prime Group by 26.3% during the 2nd quarter. Utah Retirement Systems now owns 28,800 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Washington Prime Group by 13.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,322 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 1,742 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 14.47%. Washington Prime Group’s payout ratio is 138.89%.

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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.

Earnings History and Estimates for Washington Prime Group (NYSE:WPG)

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