Washington Prime Group Company Profile (NYSE:WPG)

About Washington Prime Group (NYSE:WPG)

Washington Prime Group logoWashington 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:
  • Sector: Finance
  • Industry: Property Management
  • Sub-Industry: N/A
  • Symbol: NYSE:WPG
  • CUSIP: N/A
  • Web: www.washingtonprime.com
Capitalization:
  • Market Cap: $1.46 billion
  • Outstanding Shares: 185,428,000
Average Prices:
  • 50 Day Moving Avg: $8.61
  • 200 Day Moving Avg: $9.37
  • 52 Week Range: $7.31 - $14.15
P/E:
  • Trailing P/E Ratio: 27.21
  • Foreward P/E Ratio: 23.91
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $835.84 million
  • Price / Sales: 1.75
  • Book Value: $4.62 per share
  • Price / Book: 1.71
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 12.8%
Profitability:
  • EBIDTA: $495.88 million
  • Net Margins: -6.87%
  • Return on Equity: -5.18%
  • Return on Assets: -1.11%
Debt:
  • Debt-to-Equity Ratio: 1.56%
  • Current Ratio: 0.07%
  • Quick Ratio: 0.07%
Misc:
  • Average Volume: 2.95 million shs.
  • Beta: 1
  • Short Ratio: 4.21
 

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 announced a quarterly dividend on Friday, May 19th. Investors of record on Thursday, June 1st will be paid a dividend of $0.25 per share on Thursday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.67%. The ex-dividend date is Tuesday, May 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 quarterly earnings results on Wednesday, April, 26th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.02. The firm had revenue of $202.39 million for the quarter, compared to analyst estimates of $198.72 million. Washington Prime Group had a negative return on equity of 5.18% and a negative net margin of 6.87%. Washington Prime Group's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. View Washington Prime Group's Earnings History.

When will Washington Prime Group make its next earnings announcement?

Washington Prime Group is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Washington Prime Group.

What guidance has Washington Prime Group issued on next quarter's earnings?

Washington Prime Group updated its FY17 earnings guidance on Wednesday, April, 26th. The company provided earnings per share guidance of $1.64 - $1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.72. Washington Prime Group also updated its Q2 guidance to $0.40 - $0.42 EPS.

Who are some of Washington Prime Group's key competitors?

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. (19.37%), BlackRock Inc. (13.18%), Massachusetts Financial Services Co. MA (6.11%), State Street Corp (4.62%), Bank of New York Mellon Corp (2.43%) and Morgan Stanley (1.99%). Company insiders that own Washington Prime Group stock include Jacquelyn R Soffer, Keric M Knerr, Louis G Conforti, Marvin L White, Niles C Overly 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 Teachers Advisors LLC, Renaissance Technologies LLC, TIAA CREF Investment Management LLC, Waterfront Capital Partners LLC, JPMorgan Chase & Co., Nationwide Fund Advisors, Bank of Montreal Can and UBS Group AG. 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 BlackRock Inc., Forward Management LLC, KRV Capital LP, ClariVest Asset Management LLC, Bank of New York Mellon Corp, Vanguard Group Inc., American Century Companies Inc. and Lincluden Management Ltd.. Company insiders that have bought Washington Prime Group stock in the last two years include Jacquelyn R Soffer, Keric M Knerr, Louis G Conforti, Marvin L White, Niles C Overly 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.

How much does a share of Washington Prime Group stock cost?

One share of Washington Prime Group stock can currently be purchased for approximately $7.89.

Analyst Ratings

Consensus Ratings for Washington Prime Group (NYSE:WPG) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for Washington Prime Group (NYSE:WPG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/15/2016Goldman Sachs Group IncDowngradeBuy -> NeutralN/AView Rating Details
4/6/2016Boenning ScattergoodUpgradeUnderperform -> NeutralN/AView Rating Details
1/22/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralN/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Washington Prime Group (NYSE:WPG)
Earnings by Quarter for Washington Prime Group (NYSE:WPG)
Earnings History by Quarter for Washington Prime Group (NYSE:WPG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/2/2017        
4/26/2017Q1 2017$0.40$0.42$198.72 million$202.39 millionViewN/AView Earnings Details
8/3/2016Q216$0.40$0.45$207.09 million$205.74 millionViewListenView Earnings Details
5/4/2016Q116$0.44$0.42$225.07 million$210.03 millionViewListenView Earnings Details
2/25/2016Q415$0.46$0.47$222.42 million$229.40 millionViewListenView Earnings Details
11/2/2015Q315$0.43$0.46$220.24 million$216.97 millionViewN/AView Earnings Details
8/4/2015Q215$0.04$0.48$241.20 million$237.60 millionViewListenView Earnings Details
5/7/2015Q115$0.46$0.47$235.00 million$237.72 millionViewListenView Earnings Details
2/26/2015Q414$0.19$0.22$170.00 million$177.30 millionViewN/AView Earnings Details
11/4/2014Q314$0.24$0.26$169.20 million$167.70 millionViewN/AView Earnings Details
8/8/2014Q214$0.17$0.22$160.60 million$158.18 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Washington Prime Group (NYSE:WPG)
2017 EPS Consensus Estimate: $1.65
2018 EPS Consensus Estimate: $1.63
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.40$0.40$0.40
Q2 20172$0.40$0.41$0.41
Q3 20172$0.40$0.40$0.40
Q4 20172$0.43$0.45$0.44
Q1 20181$0.38$0.38$0.38
Q2 20181$0.41$0.41$0.41
Q3 20181$0.41$0.41$0.41
Q4 20181$0.43$0.43$0.43
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Washington Prime Group (NYSE:WPG)
Next Dividend:6/15/2017
Annual Dividend:$1.00
Dividend Yield:12.67%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-212.77% (Trailing 12 Months of Earnings)
95.24% (Based on This Year's Estimates)
303.03% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Washington Prime Group (NYSE:WPG)

Dividend History by Quarter for Washington Prime Group (NYSE:WPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/19/2017quarterly$0.2512.8%5/30/20176/1/20176/15/2017
2/23/2017quarterly$0.2510.65%3/6/20173/8/20173/15/2017
11/3/2016Quarterly$0.2511/30/201612/2/201612/15/2016
8/30/2016Quarterly$0.259/7/20169/9/20169/22/2016
5/18/2016quarterly$0.2510.22%6/1/20166/3/20166/15/2016
2/25/2016quarterly$0.2511.71%3/3/20163/7/20163/15/2016
11/3/2015quarterly$0.258.1%11/30/201512/2/201512/15/2015
8/4/2015quarterly$0.257.35%9/1/20159/2/20159/15/2015
5/21/2015quarterly$0.257.05%6/1/20156/3/20156/15/2015
2/25/2015special$0.113/4/20153/6/20153/16/2015
12/26/2014special$0.145.83%1/12/20151/14/20151/22/2015
11/4/2014quarterly$0.255.61%11/24/201411/26/201412/15/2014
8/8/2014quarterly$0.258/25/20148/27/20149/15/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Washington Prime Group (NYSE:WPG)
Insider Ownership Percentage: 0.28%
Institutional Ownership Percentage: 91.88%
Insider Trades by Quarter for Washington Prime Group (NYSE:WPG)
Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)
Insider Trades by Quarter for Washington Prime Group (NYSE:WPG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/5/2017Louis G ConfortiCEOBuy12,125$8.25$100,031.25View SEC Filing  
3/31/2017Louis G ConfortiCEOBuy28,700$8.68$249,116.00View SEC Filing  
3/28/2017Keric M KnerrInsiderBuy6,119$8.17$49,992.23View SEC Filing  
3/27/2017Robert P DemchakEVPBuy6,140$8.15$50,041.00View SEC Filing  
6/26/2015Niles C OverlyDirectorBuy10,000$13.61$136,100.00View SEC Filing  
6/22/2015Marvin L WhiteDirectorBuy5,000$14.23$71,150.00View SEC Filing  
6/10/2015Jacquelyn R SofferDirectorBuy100,000$13.10$1,310,000.00View SEC Filing  
5/12/2015Robert J LaikinDirectorBuy10,000$14.45$144,500.00View SEC Filing  
12/3/2014Robert J LaikinDirectorBuy10,000$17.07$170,700.00View SEC Filing  
11/20/2014Mark S OrdanCEOBuy10,000$17.13$171,300.00View SEC Filing  
11/19/2014Robert J LaikinDirectorBuy10,000$17.20$172,000.00View SEC Filing  
11/7/2014Mark S OrdanCEOBuy15,000$17.79$266,850.00View SEC Filing  
11/7/2014Robert J LaikinDirectorBuy10,000$17.76$177,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Washington Prime Group (NYSE:WPG)
Latest Headlines for Washington Prime Group (NYSE:WPG)
Source:
DateHeadline
americanbankingnews.com logoWashington Prime Group Inc (WPG) Plans Quarterly Dividend of $0.25
www.americanbankingnews.com - May 19 at 6:16 PM
finance.yahoo.com logoWashington Prime Group Announces Results of 2017 Annual Meeting of Shareholders; Board of Directors Declares Quarterly Dividend
finance.yahoo.com - May 19 at 1:48 PM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - May 17 at 9:38 AM
forbes.com logoBruce Berkowitz Invests In Shopping Malls - Forbes
www.forbes.com - May 17 at 8:13 AM
bizjournals.com logoWashington Prime Group sells $340M stake in 6 mall properties - Columbus Business First
www.bizjournals.com - May 17 at 8:13 AM
finance.yahoo.com logoWashington Prime: Should Value Investors Consider WPG Stock?
finance.yahoo.com - May 17 at 12:12 AM
finance.yahoo.com logoWashington Prime Group sells $340M stake in 6 mall properties
finance.yahoo.com - May 17 at 12:12 AM
businesswire.com logoWashington Prime Group Completes Formation of Second Joint Venture with O'Connor Capital Partners - Business Wire (press release)
www.businesswire.com - May 16 at 8:10 AM
finance.yahoo.com logoWashington Prime Group Completes Formation of Second Joint Venture with O’Connor Capital Partners
finance.yahoo.com - May 15 at 7:48 PM
seekingalpha.com logoAfter Hours Gainers / Losers
seekingalpha.com - May 13 at 3:11 AM
nasdaq.com logoWill Insiders Be Tempted To Buy More WPG At The New 52-Week Low?
www.nasdaq.com - May 13 at 3:11 AM
americanbankingnews.com logo$0.41 Earnings Per Share Expected for Washington Prime Group Inc (WPG) This Quarter
www.americanbankingnews.com - May 11 at 9:28 AM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - May 10 at 11:40 AM
americanbankingnews.com logoLouis G. Conforti Purchases 12,125 Shares of Washington Prime Group Inc (WPG) Stock
www.americanbankingnews.com - May 8 at 4:44 PM
americanbankingnews.com logoPositive News Coverage Likely to Affect Washington Prime Group (WPG) Share Price
www.americanbankingnews.com - May 3 at 4:32 PM
finance.yahoo.com logoWashington Prime Group Announces Latest Redevelopment Project with Expansion at Classen Curve
finance.yahoo.com - May 2 at 6:47 PM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : May 1, 2017
finance.yahoo.com - May 1 at 10:07 AM
americanbankingnews.com logoQ2 2017 Earnings Forecast for Washington Prime Group Inc Issued By Boenning Scattergood (WPG)
www.americanbankingnews.com - May 1 at 7:10 AM
americanbankingnews.com logoPositive Press Coverage Somewhat Likely to Affect Washington Prime Group (WPG) Stock Price
www.americanbankingnews.com - April 30 at 8:48 AM
finance.yahoo.com logoEdited Transcript of WPG earnings conference call or presentation 27-Apr-17 5:00pm GMT
finance.yahoo.com - April 29 at 2:32 AM
seekingalpha.com logoWashington Prime Group's (WPG) CEO Louis Conforti on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 28 at 2:02 AM
finance.yahoo.com logoWashington Prime Group CEO rips e-commerce ‘hysteria’ amid retail mall struggles
finance.yahoo.com - April 28 at 2:02 AM
americanbankingnews.com logoFavorable News Coverage Very Likely to Impact Washington Prime Group (WPG) Stock Price
www.americanbankingnews.com - April 27 at 11:15 AM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Releases Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - April 26 at 10:02 PM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Issues FY17 Earnings Guidance
www.americanbankingnews.com - April 26 at 6:28 PM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Releases Q2 Earnings Guidance
www.americanbankingnews.com - April 26 at 6:06 PM
finance.yahoo.com logoWashington Prime Group Reports First Quarter 2017 Results
finance.yahoo.com - April 26 at 5:17 PM
seekingalpha.com logoTop 3 Retail REIT Picks Of April 2017
seekingalpha.com - April 25 at 7:35 PM
nasdaq.com logoWashington Prime Group (WPG) Passes Through 11% Yield Mark
www.nasdaq.com - April 24 at 7:01 PM
americanbankingnews.com logoPositive News Coverage Extremely Likely to Impact Washington Prime Group (WPG) Share Price
www.americanbankingnews.com - April 24 at 9:56 AM
americanbankingnews.com logoZacks: Analysts Anticipate Washington Prime Group Inc (WPG) Will Post Quarterly Sales of $203.77 Million
www.americanbankingnews.com - April 22 at 8:51 AM
americanbankingnews.com logoWashington Prime Group (WPG) Given Daily Coverage Optimism Score of 0.31
www.americanbankingnews.com - April 21 at 2:50 PM
americanbankingnews.com logoZacks: Brokerages Expect Washington Prime Group Inc (WPG) to Announce $0.40 EPS
www.americanbankingnews.com - April 20 at 1:02 PM
americanbankingnews.com logoWashington Prime Group (WPG) Earning Favorable Media Coverage, Study Finds
www.americanbankingnews.com - April 18 at 12:46 PM
americanbankingnews.com logoWashington Prime Group (WPG) Earns News Sentiment Rating of 0.30
www.americanbankingnews.com - April 14 at 12:26 PM
seekingalpha.com logoSustainable 11% Dividend Yield? I'm Buying Shares
seekingalpha.com - April 12 at 9:00 AM
bizjournals.com logoProperty Management Stocks on Investors' Radar -- CBRE Group, Washington Prime, Forest City, and Paramount
www.bizjournals.com - April 12 at 9:00 AM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bullish Manner : WPG-US : April 12, 2017
finance.yahoo.com - April 12 at 9:00 AM
finance.yahoo.com logoRevised Timing: Washington Prime Group Announces Timing of First Quarter 2017 Conference Call
finance.yahoo.com - April 7 at 1:33 PM
americanbankingnews.com logoLouis G. Conforti Buys 28,700 Shares of Washington Prime Group Inc (WPG) Stock
www.americanbankingnews.com - April 4 at 1:10 PM
americanbankingnews.com logo Brokerages Set $10.00 Price Target for Washington Prime Group Inc (WPG)
www.americanbankingnews.com - April 3 at 11:37 PM
nasdaq.com logoWashington Prime Group Named Top Dividend Stock With Insider Buying and 11.51% Yield (WPG)
www.nasdaq.com - April 3 at 9:07 PM
nasdaq.com logoWashington Prime Group's Series H Preferred Shares Cross 7.5% Yield Mark
www.nasdaq.com - March 30 at 8:24 AM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Insider Keric M. Knerr Buys 6,119 Shares
www.americanbankingnews.com - March 29 at 7:43 PM
americanbankingnews.com logoWashington Prime Group Inc (WPG) EVP Robert P. Demchak Buys 6,140 Shares
www.americanbankingnews.com - March 29 at 7:43 PM
seekingalpha.com logoWashington Prime: Oversold And Underappreciated - Oh, And A 12% Yield
seekingalpha.com - March 27 at 8:11 AM
nasdaq.com logoRelative Strength Alert For Washington Prime Group
www.nasdaq.com - March 23 at 8:23 AM
seekingalpha.com logoForget 'Grind It Out,' Bite The Bullet - Washington Prime Group, Inc ... - Seeking Alpha
seekingalpha.com - March 16 at 3:56 PM
seekingalpha.com logoWashington Prime Group: My March Madness 12.4% Yielding Cinderella Pick
seekingalpha.com - March 14 at 8:31 AM
seekingalpha.com logo12% Yield Investment Grade Rated REIT
seekingalpha.com - March 12 at 7:45 PM

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Chart

Washington Prime Group (WPG) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff