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: Retail REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:WPG
  • CUSIP: N/A
  • Web: www.washingtonprime.com
Capitalization:
  • Market Cap: $1.5 billion
  • Outstanding Shares: 185,764,000
Average Prices:
  • 50 Day Moving Avg: $8.61
  • 200 Day Moving Avg: $8.48
  • 52 Week Range: $7.31 - $12.78
P/E:
  • Trailing P/E Ratio: 9.12
  • Foreward P/E Ratio: 42.63
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $819.27 million
  • Price / Sales: 1.84
  • Book Value: $5.10 per share
  • Price / Book: 1.59
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 11.8%
Profitability:
  • EBIDTA: $487.39 million
  • Net Margins: 22.65%
  • Return on Equity: 17.36%
  • Return on Assets: 3.73%
Debt:
  • Debt-to-Equity Ratio: 1.26%
  • Current Ratio: 0.09%
  • Quick Ratio: 0.09%
Misc:
  • 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?

Washington Prime Group is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 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, 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?

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?

One share of Washington Prime Group stock can currently be purchased for approximately $8.10.


MarketBeat Community Rating for Washington Prime Group (NYSE WPG)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  59 (Vote Outperform)
Underperform Votes:  100 (Vote Underperform)
Total Votes:  159
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.

Analyst Ratings

Consensus Ratings for Washington Prime Group (NYSE:WPG) (How are Consensus Ratings Calculated?)
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)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/23/2017Boenning ScattergoodDowngradeNeutral -> Under PerformLowView Rating Details
7/15/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> NeutralN/AView Rating Details
1/22/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralN/AView Rating Details
(Data available from 9/20/2015 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
10/31/2017$0.23N/AView Earnings Details
7/26/2017Q2 2017$0.66$0.72$197.69 million$189.17 millionViewN/AView Earnings Details
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: $1.63
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$0.39$0.40$0.40
Q4 20172$0.42$0.43$0.43
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)
Most Recent Dividend:9/15/2017
Annual Dividend:$1.00
Dividend Yield:12.35%
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 Payments by Quarter for Washington Prime Group (NYSE:WPG)

Dividend History by Quarter for Washington Prime Group (NYSE WPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/7/2017quarterly$0.2510.78%8/30/20179/1/20179/15/2017
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: 0.26%
Institutional Ownership Percentage: 92.00%
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) Short Interest Up 25.3% in August
www.americanbankingnews.com - September 18 at 2:48 AM
americanbankingnews.com logoWashington Prime Group (WPG) versus DDR Corp. (DDR) Head-To-Head Analysis
www.americanbankingnews.com - September 15 at 10:36 PM
americanbankingnews.com logoHead-To-Head Contrast: Washington Prime Group (WPG) vs. National Retail Properties (NNN)
www.americanbankingnews.com - September 9 at 4:48 PM
americanbankingnews.com logoWashington Prime Group (WPG) and Agree Realty Corporation (ADC) Financial Review
www.americanbankingnews.com - September 9 at 4:06 AM
americanbankingnews.com logo Brokerages Expect Washington Prime Group Inc. (WPG) to Post $0.40 Earnings Per Share
www.americanbankingnews.com - September 2 at 12:28 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Lowered to Hold at ValuEngine
www.americanbankingnews.com - September 1 at 10:50 PM
nasdaq.com logoWhy It's Plain Stupid to Buy These 4 High-Yield REITs Now - Nasdaq
www.nasdaq.com - September 1 at 8:54 PM
finance.yahoo.com logoWhy It's Plain Stupid to Buy These 4 High-Yield REITs Now
finance.yahoo.com - September 1 at 8:54 PM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : August 29, 2017
finance.yahoo.com - August 29 at 9:50 AM
streetinsider.com logoBoenning & Scattergood Downgrades Washington Prime Group (WPG) to Underperform
www.streetinsider.com - August 25 at 3:48 PM
prnewswire.com logoPre-Market Technical Pulse on Property Management Stocks -- Washington Prime, CBRE Group, Forest City Realty ... - PR Newswire (press release)
www.prnewswire.com - August 23 at 2:02 PM
finance.yahoo.com logoBruce Berkowitz Buys Washington Prime Group Inc
finance.yahoo.com - August 23 at 2:02 PM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Rating Lowered to Underperform at Boenning Scattergood
www.americanbankingnews.com - August 23 at 9:16 AM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : August 18, 2017
finance.yahoo.com - August 18 at 3:44 PM
americanbankingnews.com logoBidaskClub Lowers Washington Prime Group Inc. (WPG) to Hold
www.americanbankingnews.com - August 18 at 2:32 PM
americanbankingnews.com logo$191.09 Million in Sales Expected for Washington Prime Group Inc. (WPG) This Quarter
www.americanbankingnews.com - August 16 at 6:46 AM
seekingalpha.com logoSeparating The Wheat From The Chaff - Washington Prime Group ... - Seeking Alpha
seekingalpha.com - August 15 at 8:27 AM
finance.yahoo.com logoWashington Prime Group Board of Directors Forms a Sustainability Committee
finance.yahoo.com - August 15 at 8:26 AM
seekingalpha.com logoWashington Prime - Second-Quarter Update
seekingalpha.com - August 14 at 8:28 AM
americanbankingnews.com logoWashington Prime Group Inc. to Post Q3 2017 Earnings of $0.39 Per Share, SunTrust Banks Forecasts (WPG)
www.americanbankingnews.com - August 14 at 1:22 AM
finance.yahoo.com logoBill Miller IV: Why I'm betting on shopping centers
finance.yahoo.com - August 12 at 8:52 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Washington Prime Group Inc.
finance.yahoo.com - August 12 at 8:51 AM
finance.yahoo.com logoIHS Markit Score Update: Drop in demand for ETFs holding Washington Prime Group Inc is a negative sign for its shares
finance.yahoo.com - August 10 at 9:44 AM
finance.yahoo.com logoVantiv Seals $12B Worldpay Deal
finance.yahoo.com - August 9 at 9:15 AM
businesswire.com logoWashington Prime Group Announces the Closing of its Unsecured Notes Offering - Business Wire (press release)
www.businesswire.com - August 8 at 8:21 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Declares $0.25 Quarterly Dividend
www.americanbankingnews.com - August 7 at 6:34 PM
americanbankingnews.com logoZacks: Washington Prime Group Inc. (NYSE:WPG) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - August 7 at 12:12 PM
finance.yahoo.com logoWashington Prime Group Announces the Closing of its Unsecured Notes Offering
finance.yahoo.com - August 7 at 8:37 AM
businesswire.com logoWashington Prime Group Board of Directors Declares Quarterly Dividend - Business Wire (press release)
www.businesswire.com - August 6 at 7:39 AM
finance.yahoo.com logoWashington Prime Group Board of Directors Declares Quarterly Dividend
finance.yahoo.com - August 5 at 8:38 AM
finance.yahoo.com logoWashington Prime Group Prices $750 Million Offering of 5.950% Unsecured Notes
finance.yahoo.com - August 2 at 8:50 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Rating Increased to Buy at BidaskClub
www.americanbankingnews.com - July 31 at 8:38 PM
americanbankingnews.com logoWashington Prime Group (WPG) versus Pennsylvania Real Estate Investment Trust (PEI) Financial Survey
www.americanbankingnews.com - July 31 at 9:42 AM
seekingalpha.com logoWashington Prime Rallied And Crashed. Here's Why. - Seeking Alpha
seekingalpha.com - July 31 at 8:09 AM
seekingalpha.com logoWashington Prime Group: Grinding It Out
seekingalpha.com - July 29 at 8:47 AM
seekingalpha.com logoWashington Primed For A Large Short Squeeze - Washington Prime ... - Seeking Alpha
seekingalpha.com - July 28 at 10:00 AM
finance.yahoo.com logoInvestor Network: Washington Prime Group Inc. to Host Earnings Call
finance.yahoo.com - July 28 at 10:00 AM
finance.yahoo.com logoEdited Transcript of WPG earnings conference call or presentation 27-Jul-17 3:00pm GMT
finance.yahoo.com - July 28 at 10:00 AM
americanbankingnews.com logoWashington Prime Group Inc. (NYSE:WPG) Earns Hold Rating from Boenning Scattergood
www.americanbankingnews.com - July 28 at 9:07 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Rating Increased to C at TheStreet
www.americanbankingnews.com - July 28 at 7:17 AM
americanbankingnews.com logoWashington Prime Group Inc. (NYSE:WPG) Issues Earnings Results, Beats Estimates By $0.06 EPS
www.americanbankingnews.com - July 27 at 1:47 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Washington Prime Group Inc. (WPG) Will Post Earnings of $0.41 Per Share
www.americanbankingnews.com - July 27 at 11:21 AM
businesswire.com logoWashington Prime Group Reports Second Quarter 2017 Results - Business Wire (press release)
www.businesswire.com - July 27 at 9:35 AM
finance.yahoo.com logoWashington Prime Group Reports Second Quarter 2017 Results
finance.yahoo.com - July 27 at 9:35 AM
finance.yahoo.com logoWP Glimcher reports 2Q results
finance.yahoo.com - July 27 at 9:35 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Updates Q3 Earnings Guidance
www.americanbankingnews.com - July 26 at 6:17 PM
americanbankingnews.com logoWashington Prime Group Inc. (NYSE:WPG) Releases FY17 Earnings Guidance
www.americanbankingnews.com - July 26 at 6:17 PM
americanbankingnews.com logoContrasting Simon Property Group (SPG) & Washington Prime Group (NYSE:WPG)
www.americanbankingnews.com - July 26 at 12:40 PM
businesswire.com logoWashington Prime Group to Transform Former Department Store Space to Open Air Retail at Markland Mall - Business Wire (press release)
www.businesswire.com - July 19 at 9:35 AM
finance.yahoo.com logoWashington Prime Group to Transform Former Department Store Space to Open Air Retail at Markland Mall
finance.yahoo.com - July 19 at 9:35 AM

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Chart

Washington Prime Group (WPG) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff