Shares of Washington Prime Group Inc (NYSE:WPG) have received an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.00.
WPG has been the topic of several research reports. SunTrust Banks set a $8.00 price target on shares of Washington Prime Group and gave the company a “hold” rating in a research report on Monday, January 22nd. Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a research report on Friday, February 23rd. ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research upgraded shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th.
In other news, CEO Louis G. Conforti bought 28,198 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $6.49 per share, for a total transaction of $183,005.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.
Shares of Washington Prime Group (NYSE WPG) opened at $6.45 on Tuesday. The company has a market cap of $1,200.00, a P/E ratio of 7.50 and a beta of 0.69. Washington Prime Group has a 1 year low of $5.40 and a 1 year high of $9.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.07 and a quick ratio of 0.07.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 15.50%. Washington Prime Group’s dividend payout ratio (DPR) is currently 116.28%.
About Washington Prime Group
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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