NYSE:WPG - Washington Prime Group Stock Price, News, & Analysis

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$5.41 +0.08 (+1.50 %)
(As of 01/21/2019 08:20 AM ET)
Previous Close$5.33
Today's Range$5.31 - $5.4650
52-Week Range$4.63 - $8.44
Volume1.60 million shs
Average Volume2.02 million shs
Market Capitalization$1.01 billion
P/E Ratio3.32
Dividend Yield18.48%
Beta0.99
Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. 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. Washington Prime Group and Shelby's Sugar Shop are registered trademarks of the Company. Trademark and patent registrations for Tangible are currently pending.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone614-621-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$758.12 million
Cash Flow$2.3938 per share
Book Value$5.73 per share

Profitability

Net Income$197.06 million

Miscellaneous

Employees980
Market Cap$1.01 billion
OptionableOptionable

Washington Prime Group (NYSE:WPG) Frequently Asked Questions

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 Wednesday, November 14th. Investors of record on Monday, December 3rd will be given a dividend of $0.25 per share on Monday, December 17th. This represents a $1.00 dividend on an annualized basis and a yield of 18.48%. The ex-dividend date of this dividend is Friday, November 30th. View Washington Prime Group's Dividend History.

How were Washington Prime Group's earnings last quarter?

Washington Prime Group Inc (NYSE:WPG) announced its quarterly earnings results on Wednesday, July, 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.32. The real estate investment trust earned $178.73 million during the quarter, compared to analysts' expectations of $182.11 million. Washington Prime Group had a net margin of 11.74% and a return on equity of 8.45%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. View Washington Prime Group's Earnings History.

When is Washington Prime Group's next earnings date?

Washington Prime Group is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Washington Prime Group.

How can I listen to Washington Prime Group's earnings call?

Washington Prime Group will be holding an earnings conference call on Thursday, February 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8446464463.

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

Washington Prime Group issued an update on its FY18 earnings guidance on Wednesday, October, 24th. The company provided earnings per share guidance of $1.48-1.56 for the period, compared to the Thomson Reuters consensus estimate of $1.51.

What price target have analysts set for WPG?

3 analysts have issued 12 month target prices for Washington Prime Group's stock. Their forecasts range from $4.30 to $6.00. On average, they anticipate Washington Prime Group's stock price to reach $5.1667 in the next year. This suggests that the stock has a possible downside of 4.5%. View Analyst Price Targets for Washington Prime Group.

What is the consensus analysts' recommendation for Washington Prime Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Prime Group in the last year. There are currently 3 sell ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Washington Prime Group.

What are Wall Street analysts saying about Washington Prime Group stock?

Here are some recent quotes from research analysts about Washington Prime Group stock:
  • 1. According to Zacks Investment Research, "Washington Prime Group Inc. is a retail REIT. The company is engaged in the ownership, management, acquisition and development of retail properties. Washington Prime Group Inc., formerly known as WP Glimcher Inc., is based in COLUMBUS, United States. " (1/19/2019)
  • 2. Boenning Scattergood analysts commented, "We are lowering our warranted NAV per share estimate once again. Should its Tier One assets stabilize during 2018, we believe WPG shares could experience a bounce. However, the negative underlying print continues to scare dedicated REIT investors and keep generalists on the sidelines. We maintain our Underperform rating as investors have yet to see any of the fruits of WPG’s redevelopment labors; our $6 price target is due to continued downward pressure on both NAV and earnings." (4/27/2018)

Has Washington Prime Group been receiving favorable news coverage?

News coverage about WPG stock has been trending somewhat negative recently, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Washington Prime Group earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

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:
  • Mr. Louis G. Conforti, CEO & Director (Age 54)
  • Mr. Mark E. Yale CPA, Exec. VP & CFO (Age 53)
  • Mr. Robert P. Demchak Esq., J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. Paul S. Ajdaharian, Exec. VP & Head of Open Air Centers (Age 54)
  • Mr. Gregory E. Zimmerman, Exec. VP of Devel. (Age 57)

Who are Washington Prime Group's major shareholders?

Washington Prime Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.04%) and Nisa Investment Advisors LLC (0.01%). Company insiders that own Washington Prime Group stock include Blucher Sheryl G Von, Keric M Knerr, Louis G Conforti, Robert J Laikin and Robert P Demchak. View Institutional Ownership Trends for Washington Prime Group.

Which major investors are selling Washington Prime Group stock?

WPG stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Washington Prime Group.

Which major investors are buying Washington Prime Group stock?

WPG stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Washington Prime Group stock in the last two years include Blucher Sheryl G Von, Keric M Knerr, Louis G Conforti, Robert J Laikin and Robert P Demchak. View Insider Buying and Selling for Washington Prime Group.

How do I buy shares of Washington Prime Group?

Shares of WPG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 WPG stock can currently be purchased for approximately $5.41.

How big of a company is Washington Prime Group?

Washington Prime Group has a market capitalization of $1.01 billion and generates $758.12 million in revenue each year. The real estate investment trust earns $197.06 million in net income (profit) each year or $1.63 on an earnings per share basis. Washington Prime Group employs 980 workers across the globe.

What is Washington Prime Group's official website?

The official website for Washington Prime Group is http://www.washingtonprime.com.

How can I contact Washington Prime Group?

Washington Prime Group's mailing address is 180 EAST BROAD STREET, COLUMBUS OH, 43215. The real estate investment trust can be reached via phone at 614-621-9000 or via email at [email protected]


MarketBeat Community Rating for Washington Prime Group (NYSE WPG)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  168 (Vote Outperform)
Underperform Votes:  210 (Vote Underperform)
Total Votes:  378
MarketBeat's community ratings are surveys of what our community members think about Washington Prime Group and other stocks. Vote "Outperform" if you believe WPG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WPG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/21/2019 by MarketBeat.com Staff

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