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. Learn more at www.washingtonprime.com.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:WPG
CUSIPN/A
Phone614-621-9000
Debt
Debt-to-Equity Ratio3.02
Current Ratio0.53
Quick Ratio0.53
Price-To-Earnings
Trailing P/E Ratio4.87
Forward P/E Ratio5.16
P/E GrowthN/A
Sales & Book Value
Annual Sales$758.12 million
Price / Sales1.93
Cash Flow$2.5487 per share
Price / Cash3.08
Book Value$5.73 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)$1.63
Net Income$197.06 million
Net Margins10.05%
Return on Equity7.03%
Return on Assets1.63%
Miscellaneous
Employees980
Outstanding Shares186,050,000
Market Cap$1.37 billion
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 Monday, August 6th. Investors of record on Tuesday, September 4th will be given a dividend of $0.25 per share on Monday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.74%. The ex-dividend date is Friday, August 31st. 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 data on Wednesday, July, 25th. The real estate investment trust reported $0.05 earnings per share 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 analyst estimates of $182.11 million. Washington Prime Group had a return on equity of 7.03% and a net margin of 10.05%. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. 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, July, 25th. The company provided earnings per share (EPS) guidance of $1.48-1.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.50.
What price target have analysts set for WPG?
2 Wall Street analysts have issued 12-month target prices for Washington Prime Group's shares. 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 twelve months. This suggests that the stock has a possible downside of 10.8%. 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)
Are investors shorting Washington Prime Group?
Washington Prime Group saw a increase in short interest in July. As of July 13th, there was short interest totalling 29,613,994 shares, an increase of 9.4% from the June 29th total of 27,068,198 shares. Based on an average daily trading volume, of 1,876,182 shares, the short-interest ratio is presently 15.8 days. Approximately 16.0% of the shares of the stock are sold short. View Washington Prime Group's Current Options Chain.
Who are some of Washington Prime Group's key competitors?
Some companies that are related to Washington Prime Group include Brixmor Property Group (BRX), Medical Properties Trust (MPW), Hammerson (HMSNF), Highwoods Properties (HIW), EPR Properties (EPR), Hospitality Properties Trust (HPT), Life Storage (LSI), Rayonier (RYN), JBG SMITH Properties (JBGS), Gramercy Property Trust (GPT), Ryman Hospitality Properties (RHP), Senior Housing Properties Trust (SNH), First Industrial Realty Trust (FR), Apple Hospitality REIT (APLE) and Sabra Health Care REIT (SBRA).
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)
Has Washington Prime Group been receiving favorable news coverage?
Media stories about WPG stock have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a media and rumor sentiment score of 0.11 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 45.59 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Washington Prime Group.
Who are Washington Prime Group's major shareholders?
Washington Prime Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.84%), Massachusetts Financial Services Co. MA (5.00%), Morgan Stanley (3.29%), Private Management Group Inc. (2.71%), Schwab Charles Investment Management Inc. (2.20%) and Bank of New York Mellon Corp (2.16%). 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, FMR LLC, Advisors Asset Management Inc., Voya Investment Management LLC, California Public Employees Retirement System, Alps Advisors Inc., Alps Advisors Inc. and Virginia Retirement Systems ET AL. View Insider Buying and Selling for Washington Prime Group.
Which institutional investors are buying Washington Prime Group stock?
WPG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Chicago Equity Partners LLC, Cortina Asset Management LLC, Schwab Charles Investment Management Inc., Rhumbline Advisers, Legal & General Group Plc, Pinebridge Investments L.P. and Valeo Financial Advisors LLC. 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 $7.85.
How big of a company is Washington Prime Group?
Washington Prime Group has a market capitalization of $1.37 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.
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.
