Washington Prime Group Company Profile (NYSE:WPG)

About Washington Prime Group

Washington Prime Group logoWashington Prime Group Inc., formerly WP Glimcher Inc., is a real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate properties. Washington Prime Group, L.P. (WPG L.P.) is the Company's subsidiary that owns, through its affiliates, the Company's real estate properties and other assets. The Company's assets consist of interests in approximately 120 shopping centers in the United States, consisting of community centers and malls. Its properties consist of approximately 70 million square feet of gross leasable area. The Company also owns parcels of land, which can be used for either the development of shopping centers or the expansion of existing properties. The Company focuses on retail tenant leases, including fixed minimum rent leases, percentage rent leases based on tenants' sales volumes and reimbursements from tenants for certain expenses. The Company's properties are leased to various tenants.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property Management
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: WPG
  • CUSIP:
Key Metrics:
  • Previous Close: $9.39
  • 50 Day Moving Average: $9.76
  • 200 Day Moving Average: $11.06
  • 52-Week Range: $8.23 - $14.15
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 21.58
  • P/E Growth: 0.00
  • Market Cap: $1.72B
  • Outstanding Shares: 185,427,000
  • Beta: 1
Profitability:
  • 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%
Additional Links:
Companies Related to Washington Prime Group:

Analyst Ratings

Consensus Ratings for Washington Prime Group (NYSE:WPG) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for Washington Prime Group (NYSE:WPG)
Show:
DateFirmActionRatingPrice TargetDetails
7/15/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> NeutralView Rating Details
4/6/2016Boenning ScattergoodUpgradeUnderperform -> NeutralView Rating Details
1/22/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralView Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Washington Prime Group (NYSE:WPG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/24/2017        
8/4/2016Q216$0.40$0.45$212.97 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)
Current Year EPS Consensus Estimate: $0.43 EPS
Next Year EPS Consensus Estimate: $0.43 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.44$0.44$0.44
Q2 20162$0.42$0.44$0.43
Q3 20161$0.45$0.45$0.45
Q4 20162$0.47$0.48$0.48
Q1 20172$0.40$0.44$0.42
Q2 20172$0.42$0.44$0.43
Q3 20172$0.40$0.44$0.42
Q4 20172$0.43$0.49$0.46
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)
Annual Dividend:$1.00
Dividend Yield:10.78%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-212.77% (Based on Trailing 12 Months of Earnings)
232.56% (Based on Current Year Consensus EPS Estimate)
232.56% (Based on Next Year Consensus EPS Estimate)

Dividend History for Washington Prime Group (NYSE:WPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Washington Prime Group (NYSE:WPG)
Insider Ownership Percentage: 0.28%
Institutional Ownership Percentage: 91.88%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Washington Prime Group (NYSE:WPG)
DateHeadline
4-traders.com logoWashington Prime : reports 4Q, full-year earnings increase (NYSE:WPG)
www.4-traders.com - February 25 at 4:30 AM
nasdaq.com logoWashington Prime Group Enters Oversold Territory (NYSE:WPG)
www.nasdaq.com - February 25 at 4:30 AM
capitalcube.com logoWashington Prime Group, Inc. :WPG-US: Earnings Analysis: Q4, 2016 By the Numbers : February 24, 2017 (NYSE:WPG)
www.capitalcube.com - February 25 at 4:30 AM
biz.yahoo.com logoWASHINGTON PRIME GROUP, L.P. Files SEC form 10-K, Annual Report (NYSE:WPG)
biz.yahoo.com - February 25 at 4:30 AM
News IconTechnical Action Update on Shares of Washington Prime Group Inc (WPG) - Baxter Review (NYSE:WPG)
baxternewsreview.com - February 24 at 8:43 AM
News IconAnalyst Recommendations And Earnings Forecast: Vista Outdoor Inc. (VSTO), Washington Prime Group Inc. (WPG) - Post Analyst (NYSE:WPG)
www.postanalyst.com - February 24 at 8:43 AM
businesswire.com logoWashington Prime Group Reports Fourth Quarter and Fiscal Year 2016 Results - Business Wire (press release) (NYSE:WPG)
www.businesswire.com - February 24 at 8:43 AM
finance.yahoo.com logoEdited Transcript of WPG earnings conference call or presentation 23-Feb-17 6:00pm GMT (NYSE:WPG)
finance.yahoo.com - February 24 at 8:43 AM
seekingalpha.com logoWashington Prime Group's (WPG) CEO Louis Conforti on Q4 2016 Results - Earnings Call Transcript (NYSE:WPG)
seekingalpha.com - February 24 at 12:12 AM
biz.yahoo.com logoWashington Prime Group Inc Earnings Call scheduled for 1:00 pm ET today (NYSE:WPG)
biz.yahoo.com - February 24 at 12:12 AM
bizjournals.com logoWashington Prime CEO: ‘We are grinding it out’ as mall-based retailers struggle (NYSE:WPG)
www.bizjournals.com - February 24 at 12:12 AM
reuters.com logoBRIEF-Washington Prime Group Q4 adjusted FFO per share $0.48 excluding items (NYSE:WPG)
www.reuters.com - February 23 at 3:44 AM
marketexclusive.com logoWashington Prime Group Inc. (NYSE:WPG) Files An 8-K Results of Operations and Financial Condition (NYSE:WPG)
marketexclusive.com - February 23 at 3:44 AM
us.rd.yahoo.com logoWashington Prime Group Reports Fourth Quarter and Fiscal Year 2016 Results (NYSE:WPG)
us.rd.yahoo.com - February 23 at 3:44 AM
us.rd.yahoo.com logo4:39 pm WP Glimcher reports FFO in-line, revs in-line; guides FY17 FFO below consensus (NYSE:WPG)
us.rd.yahoo.com - February 23 at 3:44 AM
sg.finance.yahoo.com logoWP Glimcher reports 4Q results (NYSE:WPG)
sg.finance.yahoo.com - February 23 at 3:44 AM
finance.yahoo.com logoWashington Prime Group Announces Latest Redevelopment Project with Final Phase of Expansion at Scottsdale Quarter® (NYSE:WPG)
finance.yahoo.com - February 22 at 10:59 AM
News Icon143 institutional investors are raising stakes in Washington Prime Group Inc. (WPG) - Post Analyst (NYSE:WPG)
postanalyst.com - February 18 at 11:15 AM
News IconLooking at the Levels for Washington Prime Group Inc. Com (WPG) - Benton Bulletin (NYSE:WPG)
bentonbulletin.com - February 17 at 5:14 PM
News IconAnalyst Views And Outlook On Two Stocks: Immunomedics, Inc ... - Post Analyst (NYSE:WPG)
postanalyst.com - February 17 at 5:14 PM
News IconDividend Growth of Washington Prime Group Inc.(WPG) – Hignland ... - Highland Mirror (NYSE:WPG)
www.highlandmirror.com - February 17 at 5:14 PM
News IconEquities With Notable Analyst Assessments: Washington Prime Group Inc. (NYSE:WPG), Bellerophon Therapeutics, Inc ... - OracleTimes (NYSE:WPG)
oracletimes.com - February 17 at 8:06 AM
News IconTechnical Tracker: Watching Shares of Washington Prime Group Inc ... - BVN (NYSE:WPG)
bvnewsjournal.com - February 17 at 8:06 AM
businesswire.com logoWashington Prime Group Signs Round 1 as Lead Tenant to Replace Former Department Store Space at Northwoods ... - Business Wire (press release) (NYSE:WPG)
www.businesswire.com - February 17 at 8:06 AM
finance.yahoo.com logoWashington Prime Group Signs Round 1 as Lead Tenant to Replace Former Department Store Space at Northwoods Mall (NYSE:WPG)
finance.yahoo.com - February 17 at 8:06 AM
istreetwire.com logoStocks Buzz: TRI Pointe Group, Inc. (TPH), KB Home (KBH ... - iStreetWire (NYSE:WPG)
istreetwire.com - February 10 at 6:38 AM
News IconWashington Prime Group Inc. (NYSE:WPG) hit its 52 Week high of $14.15 on Sep 2, 2016 - The Newburgh Press (NYSE:WPG)
newburghpress.com - February 10 at 6:38 AM
forbes.com logoWashington Prime Group Becomes Oversold (NYSE:WPG)
www.forbes.com - February 1 at 7:27 AM
bizjournals.com logo2 new restaurants, O2 Fitness coming to Raleigh's North Ridge shopping center - Triangle Business Journal (NYSE:WPG)
www.bizjournals.com - January 31 at 8:07 AM
bizjournals.com logo2 new restaurants, O2 Fitness coming to Raleigh's North Ridge shopping center (NYSE:WPG)
www.bizjournals.com - January 31 at 8:07 AM
News IconTicker Tracker: Looking at Washington Prime Group Inc. Com (WPG) - Rives Journal (NYSE:WPG)
rivesjournal.com - January 30 at 12:02 AM
nasdaq.com logoFirst Week of WPG March 17th Options Trading (NYSE:WPG)
www.nasdaq.com - January 28 at 2:43 AM
istreetwire.com logoStocks Trend Analysis: Uranium Resources, Inc. (URRE), TEGNA Inc. (TGNA), Washington Prime Group Inc. (WPG) - iStreetWire (NYSE:WPG)
istreetwire.com - January 27 at 4:07 PM
News IconTracking Williams %R for Washington Prime Group Inc. Com (WPG) - Sherwood Daily (NYSE:WPG)
sherwooddaily.com - January 27 at 6:50 AM
istreetwire.com logoWorth Watching Stocks: Washington Prime Group Inc. (WPG), Constellation Brands, Inc. (STZ), Medical Properties Trust ... - iStreetWire (NYSE:WPG)
istreetwire.com - January 25 at 4:56 PM
istreetwire.com logoStocks in the Spotlight: Amazon.com, Inc. (AMZN), Washington Prime Group Inc. (WPG), The Progressive Corporation ... - iStreetWire (NYSE:WPG)
istreetwire.com - January 25 at 4:56 PM
businesswire.com logoWashington Prime Group Launches Renovation Project at Pearlridge Center - Business Wire (press release) (NYSE:WPG)
www.businesswire.com - January 25 at 4:56 PM
finance.yahoo.com logoWashington Prime Group Launches Renovation Project at Pearlridge Center (NYSE:WPG)
finance.yahoo.com - January 25 at 4:56 PM
bizjournals.com logoPearlridge's $33M upgrade includes adding big-name tenants (NYSE:WPG)
www.bizjournals.com - January 25 at 4:56 PM
wsj.com logoMall Owners Rush to Get Out of the Mall Business (NYSE:WPG)
www.wsj.com - January 25 at 1:33 AM
finance.yahoo.com logoWashington Prime Group Announces Tax Reporting Information for 2016 Distributions (NYSE:WPG)
finance.yahoo.com - January 24 at 3:29 AM
investornewswire.com logoWP Glimcher Inc. (NYSE:WPG) Strong Sell Recommendations At 0 - Investor Newswire (NYSE:WPG)
www.investornewswire.com - January 22 at 8:19 AM
capitalcube.com logoETFs with exposure to Washington Prime Group, Inc. : January 20, 2017 (NYSE:WPG)
www.capitalcube.com - January 20 at 3:47 PM
capitalcube.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : January 13, 2017 (NYSE:WPG)
www.capitalcube.com - January 13 at 3:23 PM
capitalcube.com logoETFs with exposure to Washington Prime Group, Inc. : January 9, 2017 (NYSE:WPG)
www.capitalcube.com - January 9 at 4:08 PM
seekingalpha.com logoWashington Prime: 9.6% Yielding Stock, 1.5x Dividend Coverage, And Potential Upside Of 85% (NYSE:WPG)
seekingalpha.com - January 7 at 6:31 AM
nasdaq.com logoWashington Prime Group's Series I Preferred Shares Crosses Above 7% Yield Territory (NYSE:WPG)
www.nasdaq.com - January 4 at 7:48 AM
capitalcube.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : December 22, 2016 (NYSE:WPG)
us.rd.yahoo.com - December 23 at 4:57 AM
publicnow.com logoWashington Prime Group Announces Timing of Fourth Quarter and Full Year 2016 Conference Call (NYSE:WPG)
www.publicnow.com - December 23 at 4:57 AM
capitalcube.com logoETFs with exposure to Washington Prime Group, Inc. : December 19, 2016 (NYSE:WPG)
www.capitalcube.com - December 19 at 3:32 PM

Social

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 Thursday, February 23rd. Shareholders of record on Wednesday, March 8th will be paid a dividend of $0.25 per share on Wednesday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date of this dividend is Monday, March 6th.

When will Washington Prime Group announce their earnings?

Washington Prime Group is scheduled to release their next quarterly earnings announcement on Friday, February, 24th 2017.

Who owns Washington Prime Group stock?

Washington Prime Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (4.59%), FMR LLC (1.82%), Dimensional Fund Advisors LP (1.34%), Renaissance Technologies LLC (1.09%), Waterfront Capital Partners LLC (0.91%) and TCW Group Inc. (0.57%). Company insiders that own Washington Prime Group stock include Jacquelyn R Soffer, Marvin L White, Niles C Overly and Robert J Laikin.

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 FMR LLC, Renaissance Technologies LLC, TCW Group Inc., Guggenheim Capital LLC, Franklin Resources Inc., State Street Corp, Asset Management One Co. Ltd. and First Allied Advisory Services Inc..

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 Waterfront Capital Partners LLC, Castle Ridge Investment Management LP, Two Sigma Investments LP, ING Groep NV, Tudor Investment Corp Et Al, Employees Retirement System of Texas, Martingale Asset Management L P and Envestnet Asset Management Inc.. Company insiders that have bought Washington Prime Group stock in the last two years include Jacquelyn R Soffer, Marvin L White, Niles C Overly and Robert J Laikin.

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 $9.28.

Washington Prime Group (NYSE:WPG) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

Earnings History Chart

Earnings by Quarter for Washington Prime Group (NYSE:WPG)

Dividend History Chart

Dividend Payments by Quarter for Washington Prime Group (NYSE:WPG)

Last Updated on 2/25/2017 by MarketBeat.com Staff