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<sup>®</sup> is a registered trademark of the Company. Learn more at www.washingtonprime.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:WPG
CUSIPN/A
Phone614-621-9000
Debt
Debt-to-Equity Ratio1.03
Current Ratio0.06
Quick Ratio0.06
Price-To-Earnings
Trailing P/E Ratio4.93
Forward P/E Ratio5.36
P/E GrowthN/A
Sales & Book Value
Annual Sales$758.12 million
Price / Sales1.99
Cash Flow$2.3343 per share
Price / Cash3.47
Book Value$5.73 per share
Price / Book1.41
Profitability
EPS (Most Recent Fiscal Year)$1.63
Net Income$197.06 million
Net Margins26.94%
Return on Equity18.52%
Return on Assets4.40%
Miscellaneous
Employees980
Outstanding Shares185,790,000
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 Friday, May 18th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.25 per share on Friday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 12.27%. The ex-dividend date is Thursday, May 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 results on Wednesday, April, 25th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.30. The real estate investment trust had revenue of $180.34 million for the quarter, compared to analyst estimates of $178.70 million. Washington Prime Group had a return on equity of 18.52% and a net margin of 26.94%. 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 issued an update on its FY18 earnings guidance on Wednesday, April, 25th. The company provided EPS guidance of $1.48-1.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.52. Washington Prime Group also updated its Q2 guidance to $0.35-0.38 EPS.
What price target have analysts set for WPG?
2 Wall Street analysts have issued 1-year price objectives for Washington Prime Group's stock. Their predictions 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. 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)
Who are some of Washington Prime Group's key competitors?
Some companies that are related to Washington Prime Group include New Residential Investment (NRZ), RioCan Real Estate Investment Trust (RIOCF), American Campus Communities (ACC), Starwood Property Trust (STWD), CubeSmart (CUBE), CyrusOne (CONE), Howard Hughes (HHC), Hammerson (HMSNF), Brixmor Property Group (BRX), Healthcare Trust Of America (HTA), Store Capital (STOR), Highwoods Properties (HIW), Medical Properties Trust (MPW), Rayonier (RYN) and EPR Properties (EPR).
Who are Washington Prime Group's key executives?
Washington Prime Group's management team includes the folowing people:
- Mr. Louis G. Conforti, Chief Exec. Officer & 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
- Mr. Gregory E. Zimmerman, Exec. VP of Devel.
Has Washington Prime Group been receiving favorable news coverage?
Headlines about WPG stock have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Washington Prime Group earned a coverage optimism score of 0.08 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 46.11 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Washington Prime Group's major shareholders?
Washington Prime Group's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.71%), Massachusetts Financial Services Co. MA (7.37%), Private Management Group Inc. (2.70%), Northern Trust Corp (2.06%), Schwab Charles Investment Management Inc. (2.04%) and Dimensional Fund Advisors LP (1.57%). 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, Prudential Financial Inc., Schroder Investment Management Group, Lincluden Management Ltd., California Public Employees Retirement System, Millennium Management LLC, Evergreen Capital Management LLC and First Allied Advisory Services Inc.. 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 Global X Management Co. LLC, Arnhold LLC, JPMorgan Chase & Co., Schwab Charles Investment Management Inc., Robeco Institutional Asset Management B.V., BlackRock Inc., Private Management Group Inc. and Systematic Financial Management LP. 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 $8.15.
How big of a company is Washington Prime Group?
Washington Prime Group has a market capitalization of $1.54 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 (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.
