Here's Why Washington Prime Group Inc. (WPG) Trending These Days
17 Juillet, 2017, 15:44 | Author: Cyril Hebras
Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.
Several other institutional investors also recently made changes to their positions in the company. Washington Prime Group Inc (WPG) has $1.60 billion valuation. Stevens Capital Management LP bought a new position in shares of Washington Prime Group during the first quarter valued at $131,000. Washington Prime Group reported earnings per share of $0.43 during the same quarter last year, which suggests a negative year-over-year growth rate of 7%. 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 period. Massachusetts Financial Services Co /ma/ downsized its holdings by selling 5,892 shares a decrease of 2.4% from 03/31/2016 to 06/30/2016. MA now owns 11,334,720 shares of the real estate investment trust's stock worth $98,498,000 after buying an additional 491,753 shares during the last quarter. Washington Prime Group's dividend payout ratio (DPR) is now 500.00%. The company now has a Return on Equity of 6% and a Return on Investment of 4.9%. Finally, Utah Retirement Systems boosted its position in Washington Prime Group by 50.0% in the first quarter. On January 22 the company was downgraded from "Buy" to "Neutral" in a statement from SunTrust Robinson Humphrey.
Paloma Partners Management Co increased its position in shares of Washington Prime Group Inc. It's now trading about -8.33% below its 52-week high. Shares saw a steep increase in trading volume of 160.03% over the normal average daily volume. The company has a market cap of $1.56 billion, a PE ratio of 28.93 and a beta of 0.92. The 50 day moving average moved up $0.85 and the 200 day average went down by -1.60%. About shares traded. Washington Prime Group Inc (NYSE:WPG) has declined 18.81% since July 14, 2016 and is downtrending. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $202.39 million for the quarter, compared to the consensus estimate of $198.72 million. Washington Prime Group had a net margin of 8.13% and a return on equity of 6.36%. (NYSE:WPG) earnings have risen with a quarterly rate of 8.1% over the last 5 years.
Associated Banc-Corp (NYSE:ASB) Analyst Coverage
One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Arbiter Partners Capital Management Llc increased Xerox Corp (XRX) stake by 1283.61% reported in 2016Q4 SEC filing.
Many analysts are providing their Estimated Earnings analysis for Washington Prime Group Inc. and for the current quarter 1 analysts have projected that the stock could give an Average Earnings estimate of $0.66/share.
01/22/2016 - Washington Prime Group Inc. was downgraded to " by analysts at SunTrust. If you are accessing this news story on another publication, it was illegally copied and republished in violation of global copyright & trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/07/16/washington-prime-group-inc-nysewpg-shares-bought-by-vanguard-group-inc-updated.html. Goldman analysts stated on 23/06/2015 that they launched coverage on this stock with Neutral rating. Zacks Investment Research raised Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 3rd. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. Finally, Virginia Retirement Systems ET AL increased its position in shares of Washington Prime Group by 368.5% in the first quarter.
In related news, CEO Louis G. Conforti purchased 12,125 shares of the business's stock in a transaction dated Friday, May 5th. P/E (price to earnings) ratio is 29.72 and Forward P/E ratio of 25.3. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
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