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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:WPG
Previous Symbol
CUSIPN/A
Phone614-621-9000
Debt
Debt-to-Equity Ratio3.26
Current Ratio0.65
Quick Ratio0.65
Price-To-Earnings
Trailing P/E Ratio3.80
Forward P/E Ratio4.11
P/E GrowthN/A
Sales & Book Value
Annual Sales$758.12 million
Price / Sales1.52
Cash Flow$2.3938 per share
Price / Cash2.59
Book Value$5.07 per share
Price / Book1.22
Profitability
EPS (Most Recent Fiscal Year)$1.63
Net Income$197.06 million
Net Margins11.74%
Return on Equity8.45%
Return on Assets1.91%
Miscellaneous
Employees980
Outstanding Shares186,070,000
Market Cap$1.15 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 announced a quarterly dividend on Wednesday, November 14th. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.25 per share on Monday, December 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 16.13%. 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) issued its earnings results on Wednesday, July, 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.32. The real estate investment trust earned $178.73 million during the quarter, compared to the consensus estimate of $182.11 million. Washington Prime Group had a return on equity of 8.45% and a net margin of 11.74%. Washington Prime Group's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. View Washington Prime Group's Earnings History.
When is Washington Prime Group's next earnings date?
What guidance has Washington Prime Group issued on next quarter's earnings?
Washington Prime Group updated its FY18 earnings guidance on Wednesday, October, 24th. The company provided earnings per share (EPS) guidance of $1.48-1.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.51.
What price target have analysts set for WPG?
2 brokerages have issued 12 month price targets for Washington Prime Group's stock. Their forecasts range from $6.00 to $8.00. On average, they anticipate Washington Prime Group's share price to reach $7.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for Washington Prime Group.
What is the consensus analysts' recommendation for 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.
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. " (6/16/2018)
- 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 positive recently, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Washington Prime Group earned a news impact score of 2.3 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the near term.
Who are some of Washington Prime Group's key competitors?
Some companies that are related to Washington Prime Group include Highwoods Properties (HIW), Life Storage (LSI), Hospitality Properties Trust (HPT), Hammerson (HMSNF), Blackstone Mortgage Trust (BXMT), Rayonier (RYN), First Industrial Realty Trust (FR), AmeriCold Realty Trust (COLD), Ryman Hospitality Properties (RHP), LaSalle Hotel Properties (LHO), PS Business Parks (PSB), Equity Commonwealth (EQC), Healthcare Realty Trust (HR), Weingarten Realty Investors (WRI) and Eastgroup Properties (EGP).
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 53)
- Mr. Mark E. Yale CPA, Exec. VP & CFO (Age 52)
- Mr. Robert P. Demchak Esq., J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 47)
- Mr. Paul S. Ajdaharian, Exec. VP & Head of Open Air Centers (Age 53)
- Mr. Gregory E. Zimmerman, Exec. VP of Devel. (Age 56)
Who are Washington Prime Group's major shareholders?
Washington Prime Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.05%), Massachusetts Financial Services Co. MA (4.79%), Bank of New York Mellon Corp (2.21%), Advisors Asset Management Inc. (1.63%), Dimensional Fund Advisors LP (1.56%) and Mackenzie Financial Corp (1.18%). 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.
Which institutional investors are selling Washington Prime Group stock?
WPG stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, ClariVest Asset Management LLC, Rhumbline Advisers, Virtu Financial LLC, ARP Americas LP, Dimensional Fund Advisors LP, Alps Advisors Inc. and GSA Capital Partners LLP. View Insider Buying and Selling 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 BlackRock Inc., Mackenzie Financial Corp, Mirae Asset Global Investments Co. Ltd., NN Investment Partners Holdings N.V., Nordea Investment Management AB, Alliancebernstein L.P., Vident Investment Advisory LLC and United Services Automobile Association. 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 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 $6.20.
How big of a company is Washington Prime Group?
Washington Prime Group has a market capitalization of $1.15 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?
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)
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.
