NYSE:WPGWashington Prime Group Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Washington Prime Group Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $0.72 -0.10 (-12.17 %) (As of 08/11/2020 04:00 PM ET) Add Compare Share Today's Range$0.72Now: $0.72▼$0.7850-Day Range$0.71MA: $0.78▼$0.9552-Week Range$0.56Now: $0.72▼$4.69Volume6.94 million shsAverage Volume5.97 million shsMarket Capitalization$135.61 millionP/E Ratio0.61Dividend Yield76.45%Beta1.42 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.8 Analyst's Opinion Consensus RatingWashington Prime Group has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $1.00, Washington Prime Group has a potential upside of 38.2% from its current price of $0.72.Amount of Analyst CoverageWashington Prime Group has only been the subject of 1 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesWashington Prime Group has received 257 “outperform” votes. (Add your “outperform” vote.)Underperform VotesWashington Prime Group has received 318 “underperform” votes. (Add your “underperform” vote.)Community SentimentWashington Prime Group has received 55.30% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipWashington Prime Group is a leading dividend payer. It pays a dividend yield of 76.45%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthWashington Prime Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Washington Prime Group is 53.39%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Washington Prime Group will have a dividend payout ratio of 95.45% in the coming year. This indicates that Washington Prime Group may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Washington Prime Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.39% of the stock of Washington Prime Group is held by insiders.Percentage Held by Institutions70.10% of the stock of Washington Prime Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Washington Prime Group are expected to decrease by -9.59% in the coming year, from $0.73 to $0.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Washington Prime Group is 0.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.00.Price to Earnings Ratio vs. SectorThe P/E ratio of Washington Prime Group is 0.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.25.Price to Book Value per Share RatioWashington Prime Group has a P/B Ratio of 0.19. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.8Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.07 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:WPG Previous Symbol CUSIPN/A CIK1594686 Webwww.washingtonprime.com Phone614-621-9000Debt Debt-to-Equity Ratio4.70 Current Ratio0.50 Quick Ratio0.50Price-To-Earnings Trailing P/E Ratio0.61 Forward P/E Ratio0.99 P/E GrowthN/A Sales & Book Value Annual Sales$661.48 million Price / Sales0.21 Cash Flow$1.45 per share Price / Cash Flow0.50 Book Value$3.77 per share Price / Book0.19Profitability EPS (Most Recent Fiscal Year)$1.18 Net Income$4.27 million Net Margins1.99% Return on Equity1.77% Return on Assets0.30%Miscellaneous Employees727 Outstanding Shares187,361,000Market Cap$135.61 million Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $0.72 -0.10 (-12.17 %) (As of 08/11/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive WPG News and Ratings via Email Sign-up to receive the latest news and ratings for WPG and its competitors with MarketBeat's FREE daily newsletter. Washington Prime Group (NYSE:WPG) Frequently Asked Questions How has Washington Prime Group's stock been impacted by COVID-19 (Coronavirus)? Washington Prime Group's stock was trading at $1.77 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WPG shares have decreased by 59.1% and is now trading at $0.7238. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Washington Prime Group? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Prime Group in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Washington Prime Group. When is Washington Prime Group's next earnings date? Washington Prime Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020. View our earnings forecast for Washington Prime Group. How were Washington Prime Group's earnings last quarter? Washington Prime Group Inc (NYSE:WPG) issued its earnings results on Monday, August, 10th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.55. Washington Prime Group had a net margin of 1.99% and a return on equity of 1.77%. View Washington Prime Group's earnings history. 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, February 26th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.125 per share on Monday, March 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 69.08%. The ex-dividend date is Friday, March 6th. View Washington Prime Group's dividend history. What price target have analysts set for WPG? 2 Wall Street analysts have issued twelve-month price targets for Washington Prime Group's stock. Their forecasts range from $1.00 to $1.00. On average, they expect Washington Prime Group's stock price to reach $1.00 in the next year. This suggests a possible upside of 38.2% from the stock's current price. View analysts' price targets for Washington Prime Group. Has Washington Prime Group been receiving favorable news coverage? Media headlines about WPG stock have trended neutral recently, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Washington Prime Group earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave media 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 impact on the company's share price in the next few days. View the latest news about Washington Prime Group. Are investors shorting Washington Prime Group? Washington Prime Group saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 75,250,000 shares, an increase of 13.0% from the January 31st total of 66,580,000 shares. Based on an average trading volume of 4,350,000 shares, the days-to-cover ratio is currently 17.3 days. Approximately 40.7% of the company's stock are short sold. View Washington Prime Group's Short Interest. Who are some of Washington Prime Group's key competitors? Some companies that are related to Washington Prime Group include RPT Realty (RPT), Catchmark Timber Trust (CTT), Hammerson (HMSNF), Urstadt Biddle Properties (UBA), Granite Point Mortgage Trust (GPMT), City Office REIT (CIO), Jernigan Capital (JCAP), New Senior Investment Group (SNR), One Liberty Properties (OLP), Preferred Apartment Communities (APTS), Urstadt Biddle Properties (UBP), Dynex Capital (DX), CorePoint Lodging (CPLG), Gladstone Land (LAND) and Orchid Island Capital (ORC). View all competitors. What other stocks do shareholders of Washington Prime Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Washington Prime Group investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), New Residential Investment (NRZ), Two Harbors Investment (TWO), Chembio Diagnostics (CEMI), CBL & Associates Properties (CBL), Pennsylvania R.E.I.T. (PEI), Prospect Capital (PSEC), Summit Midstream Partners (SMLP) and Golar LNG Partners (GMLP). Who are Washington Prime Group's key executives? Washington Prime Group's management team includes the following 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. Gregory E. Zimmerman, Exec. VP of Devel. (Age 57)Ms. Melissa A. Indest CPA, Exec. VP of Fin. & Chief Accounting Officer (Age 55) What is Washington Prime Group's stock symbol? Washington Prime Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPG." Who are Washington Prime Group's major shareholders? Washington Prime Group's stock is owned by a number of institutional and retail investors. Top institutional investors include LSV Asset Management (1.00%), Principal Financial Group Inc. (0.75%), Russell Investments Group Ltd. (0.65%), Virtus ETF Advisers LLC (0.40%), Alps Advisors Inc. (0.36%) and Robeco Institutional Asset Management B.V. (0.35%). Company insiders that own Washington Prime Group stock include Blucher Sheryl G Von, J Taggart Birge, John F Levy, Joshua Lindimore, Louis G Conforti, Robert J Laikin, Robert P Demchak and Stephan Gerber. View institutional ownership trends for Washington Prime Group. Which institutional investors are selling Washington Prime Group stock? WPG stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, New York State Teachers Retirement System, Strs Ohio, Robeco Institutional Asset Management B.V., UBS Group AG, Teachers Insurance & Annuity Association of America, Arnhold LLC, and Principal Financial Group Inc.. Company insiders that have sold Washington Prime Group company stock in the last year include Joshua Lindimore, and Stephan Gerber. View insider buying and selling activity for Washington Prime Group. Which institutional investors are buying Washington Prime Group stock? WPG stock was acquired by a variety of institutional investors in the last quarter, including Virtus ETF Advisers LLC, Russell Investments Group Ltd., Envestnet Asset Management Inc., Alps Advisors Inc., Sumitomo Mitsui Trust Holdings Inc., Quantitative Systematic Strategies LLC, and JBF Capital Inc.. Company insiders that have bought Washington Prime Group stock in the last two years include Blucher Sheryl G Von, J Taggart Birge, John F Levy, Louis G Conforti, and Robert J Laikin. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Washington Prime Group's stock price today? One share of WPG stock can currently be purchased for approximately $0.72. How big of a company is Washington Prime Group? Washington Prime Group has a market capitalization of $135.61 million and generates $661.48 million in revenue each year. The real estate investment trust earns $4.27 million in net income (profit) each year or $1.18 on an earnings per share basis. Washington Prime Group employs 727 workers across the globe. What is Washington Prime Group's official website? The official website for Washington Prime Group is 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] This page was last updated on 8/11/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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