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. As of December 31, 2016, its assets consisted of material interests in 114 shopping centers in the United States, consisting of approximately 63 million square feet of gross leasable area. The Company also owns parcels of land, which can be used for either the development of new shopping centers or the expansion of existing properties. Washington Prime Group, L.P. is the Company's majority-owned partnership subsidiary that owns, develops and manages, through its affiliates, all of WPG Inc.'s real estate properties and other assets. Its properties include Irving Mall, Lindale Mall, Markland Plaza and Royal Eagle Plaza.
Industry, Sector and Symbol:
- Market Cap: $1.5 billion
- Outstanding Shares: 185,764,000
- 50 Day Moving Avg: $8.61
- 200 Day Moving Avg: $8.48
- 52 Week Range: $7.31 - $12.78
Sales & Book Value:
- Trailing P/E Ratio: 9.12
- Foreward P/E Ratio: 42.63
- P/E Growth: 0.00
- Annual Revenue: $819.27 million
- Price / Sales: 1.84
- Book Value: $5.10 per share
- Price / Book: 1.59
- Annual Dividend: $1.00
- Dividend Yield: 11.8%
- EBIDTA: $487.39 million
- Net Margins: 22.65%
- Return on Equity: 17.36%
- Return on Assets: 3.73%
- Debt-to-Equity Ratio: 1.26%
- Current Ratio: 0.09%
- Quick Ratio: 0.09%
- Average Volume: 2.34 million shs.
- Beta: 0.95
- Short Ratio: 6.9
Frequently Asked Questions for Washington Prime Group (NYSE:WPG)
What is Washington Prime Group's stock symbol?
Washington Prime Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPG."
How often does Washington Prime Group pay dividends? What is the dividend yield for Washington Prime Group?
Washington Prime Group declared a quarterly dividend on Monday, August 7th. Shareholders of record on Friday, September 1st will be given a dividend of $0.25 per share on Friday, September 15th. This represents a $1.00 annualized dividend and a yield of 12.35%. The ex-dividend date is Wednesday, August 30th. View Washington Prime Group's Dividend History.
How were Washington Prime Group's earnings last quarter?
Washington Prime Group Inc. (NYSE:WPG) posted its earnings results on Wednesday, July, 26th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.06. The firm earned $189.17 million during the quarter, compared to the consensus estimate of $197.69 million. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. View Washington Prime Group's Earnings History.
When will Washington Prime Group make its next earnings announcement?
What guidance has Washington Prime Group issued on next quarter's earnings?
Washington Prime Group updated its FY17 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $1.64-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.75. Washington Prime Group also updated its Q3 guidance to $0.39-0.41 EPS.
Are investors shorting Washington Prime Group?
Washington Prime Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 20,638,006 shares, an increase of 25.3% from the August 15th total of 16,476,646 shares. Based on an average trading volume of 2,021,600 shares, the short-interest ratio is presently 10.2 days. Approximately 11.2% of the company's stock are short sold.
Who are some of Washington Prime Group's key competitors?
Some companies that are related to Washington Prime Group include Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corp. (GTY), Ramco-Gershenson Properties Trust (RPT), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR), Capital & Regional plc (CAL), Wheeler Real Estate Investment Trust (WHLR) and Rouse Properties (RSE).
Who are Washington Prime Group's key executives?
Washington Prime Group's management team includes the folowing people:
- Louis G. Conforti, Chief Executive Officer, Director
- Mark Edward Yale, Chief Financial Officer, Executive Vice President
- Keric Knerr, Chief Operating Officer, Executive Vice President
- Robert Paul Demchak, Executive Vice President, General Counsel, Corporate Secretary
- Melissa A. Indest CPA, Senior Vice President- Finance, Chief Accounting Officer
- Robert J. Laikin, Independent Non-Executive Chairman of the Board
- John J. Dillon III, Independent Director
- John F. Levy, Independent Director
- Jacquelyn R. Soffer, Independent Director
- Sheryl G. von Blucher, Independent Director
Who owns Washington Prime Group stock?
Washington Prime Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (17.74%), BlackRock Inc. (13.27%), State Street Corp (4.76%), Bank of New York Mellon Corp (3.46%), FMR LLC (2.95%) and APG Asset Management US Inc. (2.63%). Company insiders that own Washington Prime Group stock include Keric M Knerr, Louis G Conforti and Robert P Demchak. View Institutional Ownership Trends for Washington Prime Group.
Who sold Washington Prime Group stock? Who is selling Washington Prime Group stock?
Washington Prime Group's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Teachers Advisors LLC, AJO LP, Schwab Charles Investment Management Inc., TIAA CREF Investment Management LLC, Robeco Institutional Asset Management B.V., Voya Investment Management LLC and Strs Ohio. View Insider Buying and Selling for Washington Prime Group.
Who bought Washington Prime Group stock? Who is buying Washington Prime Group stock?
Washington Prime Group's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., Bank of New York Mellon Corp, FMR LLC, Carleon Capital Partners LLC, Private Management Group Inc., American Century Companies Inc., Fairholme Capital Management LLC and Prudential Financial Inc.. Company insiders that have bought Washington Prime Group stock in the last two years include Keric M Knerr, Louis G Conforti and Robert P Demchak. View Insider Buying and Selling for Washington Prime Group.
How do I buy Washington Prime Group stock?
Shares of Washington Prime Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Washington Prime Group's stock price today?
MarketBeat Community Rating for Washington Prime Group (NYSE WPG)MarketBeat's community ratings are surveys of what our community members think about Washington Prime Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Washington Prime Group stock can currently be purchased for approximately $8.10.
Consensus Ratings for Washington Prime Group (NYSE:WPG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating|
|Consensus Rating:||Sell (Score: 1.00)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Washington Prime Group (NYSE:WPG)
(Data available from 9/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/23/2017||Boenning Scattergood||Downgrade||Neutral -> Under Perform||Low|
|7/15/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||N/A|
|1/22/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||N/A|
Earnings History for Washington Prime Group (NYSE:WPG)Earnings History by Quarter for Washington Prime Group (NYSE WPG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.66||$0.72||$197.69 million||$189.17 million||View||N/A|
|4/26/2017||Q1 2017||$0.40||$0.42||$198.72 million||$202.39 million||View||N/A|
|8/3/2016||Q216||$0.40||$0.45||$207.09 million||$205.74 million||View||Listen|
|5/4/2016||Q116||$0.44||$0.42||$225.07 million||$210.03 million||View||Listen|
|2/25/2016||Q415||$0.46||$0.47||$222.42 million||$229.40 million||View||Listen|
|11/2/2015||Q315||$0.43||$0.46||$220.24 million||$216.97 million||View||N/A|
|8/4/2015||Q215||$0.04||$0.48||$241.20 million||$237.60 million||View||Listen|
|5/7/2015||Q115||$0.46||$0.47||$235.00 million||$237.72 million||View||Listen|
|2/26/2015||Q414||$0.19||$0.22||$170.00 million||$177.30 million||View||N/A|
|11/4/2014||Q314||$0.24||$0.26||$169.20 million||$167.70 million||View||N/A|
|8/8/2014||Q214||$0.17||$0.22||$160.60 million||$158.18 million||View||N/A|
Earnings Estimates for Washington Prime Group (NYSE:WPG)
2017 EPS Consensus Estimate: $1.63
2018 EPS Consensus Estimate: $1.63
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Washington Prime Group (NYSE:WPG)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||108.70% (Trailing 12 Months of Earnings) |
106.38% (Based on This Year's Estimates)
526.32% (Based on Next Year's Estimates)
Dividend History by Quarter for Washington Prime Group (NYSE WPG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Washington Prime Group (NYSE:WPG)
Insider Ownership Percentage: 0.26%Insider Trades by Quarter for Washington Prime Group (NYSE:WPG)
Institutional Ownership Percentage: 92.00%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/5/2017||Louis G Conforti||CEO||Buy||12,125||$8.25||$100,031.25|| |
|3/31/2017||Louis G Conforti||CEO||Buy||28,700||$8.68||$249,116.00|| |
|3/28/2017||Keric M Knerr||Insider||Buy||6,119||$8.17||$49,992.23|| |
|3/27/2017||Robert P Demchak||EVP||Buy||6,140||$8.15||$50,041.00|| |
|6/26/2015||Niles C Overly||Director||Buy||10,000||$13.61||$136,100.00|| |
|6/22/2015||Marvin L White||Director||Buy||5,000||$14.23||$71,150.00|| |
|6/10/2015||Jacquelyn R Soffer||Director||Buy||100,000||$13.10||$1,310,000.00|| |
|5/12/2015||Robert J Laikin||Director||Buy||10,000||$14.45||$144,500.00|| |
|12/3/2014||Robert J Laikin||Director||Buy||10,000||$17.07||$170,700.00|| |
|11/20/2014||Mark S Ordan||CEO||Buy||10,000||$17.13||$171,300.00|| |
|11/19/2014||Robert J Laikin||Director||Buy||10,000||$17.20||$172,000.00|| |
|11/7/2014||Mark S Ordan||CEO||Buy||15,000||$17.79||$266,850.00|| |
|11/7/2014||Robert J Laikin||Director||Buy||10,000||$17.76||$177,600.00|| |
Headline Trends for Washington Prime Group (NYSE:WPG)
Latest Headlines for Washington Prime Group (NYSE:WPG)
Washington Prime Group (WPG) Chart for Wednesday, September, 20, 2017