Washington Prime Group Inc (WPG) Releases Q2 Earnings Guidance

Marco Green
May 20, 2017

The institutional investor acquired 12,386 shares of the real estate investment trust's stock, valued at approximately $108,000. Advantus Capital Management Inc boosted its stake in shares of Washington Prime Group by 356.6% in the first quarter. The company is engaged in the ownership, management, acquisition and development of retail properties.

News headlines about Washington Prime Group (NYSE:WPG) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports. Over the last five days, shares have faced -8.81% losses and now is down -25.03% since hitting its 200-day moving average of $9.47.

Washington Prime Group Inc. The Price to Sales (P/S) ratio of the stock is 1.75, while P/B (Price to Book) stands at 1.7.

While looking at the Stock's Performance, Washington Prime Group Inc. now shows a Weekly Performance of -8.81%, where Monthly Performance is -19.06%, Quarterly performance is -19.07%, 6 Months performance is -21.73% and yearly performance percentage is -20.18%. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.02.

Now the shares of Washington Prime Group Inc. For the outlook of the current financial quarter, Analysts think the firm will post 0.40 earnings per share. Comparatively, WPG posted earnings of $0 per share in the same quarter, a year earlier.

Stock of Washington Prime Group Inc.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by BBNS and is the property of of BBNS. The original version of this story can be viewed at https://www.com-unik.info/2017/05/16/washington-prime-group-inc-wpg-upgraded-to-buy-at-zacks-investment-research.html. The stock was bought at an average price of $8.17 per share, with a total value of $49,992.23. (WPG) have 195.13 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Going toward to the 50-day, we can see that shares are now trading -8.47% off of that figure. The stock was bought at an average cost of $8.25 per share, with a total value of $100,031.25. Following the completion of the purchase, the executive vice president now directly owns 7,205 shares in the company, valued at approximately $58,720.75. The disclosure for this purchase can be found here. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.47%.

Now the P/E of Washington Prime Group Inc. stands at 26.65. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the real estate investment trust's stock worth $109,000 after buying an additional 1,137 shares during the last quarter. By dividing the P/E ratio by the earnings growth rate, the resulting ratio is considered to provide a more complete picture when comparing companies with different growth rates. Martingale Asset Management L P increased its position in shares of Washington Prime Group by 21.5% in the fourth quarter.

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 combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. Since inception, O'Connor has acquired or developed over $30 billion of property, including over 55 million square feet of retail space and over 30,000 residential units globally.

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