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Washington Prime Group Stock Price, Forecast & Analysis (NYSE:WPG)

$4.12
-0.04 (-0.96 %)
(As of 11/21/2019 02:43 PM ET)
Today's Range
$4.04
Now: $4.13
$4.20
50-Day Range
$3.62
MA: $4.18
$4.60
52-Week Range
$3.11
Now: $4.13
$6.49
Volume2.06 million shs
Average Volume2.98 million shs
Market Capitalization$769.73 million
P/E Ratio2.73
Dividend Yield23.70%
Beta0.87
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. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone614-621-9000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$723.30 million
Cash Flow$1.70 per share
Book Value$5.08 per share

Profitability

Net Income$93.60 million

Miscellaneous

Employees727
Market Cap$769.73 million
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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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, August 2nd. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share on Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 24.24%. The ex-dividend date is Friday, August 30th. View Washington Prime Group's Dividend History.

How were Washington Prime Group's earnings last quarter?

Washington Prime Group Inc (NYSE:WPG) released its earnings results on Wednesday, October, 23rd. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.29. The real estate investment trust had revenue of $161.20 million for the quarter, compared to the consensus estimate of $167.65 million. Washington Prime Group had a return on equity of 4.61% and a net margin of 5.72%. The company's revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. View Washington Prime Group's Earnings History.

When is Washington Prime Group's next earnings date?

Washington Prime Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Washington Prime Group.

What guidance has Washington Prime Group issued on next quarter's earnings?

Washington Prime Group issued an update on its fourth quarter earnings guidance on Wednesday, October, 23rd. The company provided EPS guidance of $0.31-0.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.33.

What price target have analysts set for WPG?

2 Wall Street analysts have issued 1-year target prices for Washington Prime Group's shares. Their forecasts range from $4.00 to $4.30. On average, they anticipate Washington Prime Group's share price to reach $4.15 in the next twelve months. This suggests a possible upside of 0.6% 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 2 sell ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Washington Prime Group.

Has Washington Prime Group been receiving favorable news coverage?

News coverage about WPG stock has been trending positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Washington Prime Group earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Washington Prime Group.

Are investors shorting Washington Prime Group?

Washington Prime Group saw a increase in short interest in October. As of October 31st, there was short interest totalling 65,020,000 shares, an increase of 7.6% from the September 30th total of 60,420,000 shares. Based on an average daily volume of 3,520,000 shares, the short-interest ratio is currently 18.5 days. Currently, 35.1% of the company's stock are short sold. View Washington Prime Group's Current Options Chain.

Who are some of Washington Prime Group's key competitors?

What other stocks do shareholders of Washington Prime Group own?

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 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)

Who are Washington Prime Group's major shareholders?

Washington Prime Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Rhumbline Advisers (0.36%), First Trust Advisors LP (0.35%), Camelot Portfolios LLC (0.30%), AE Wealth Management LLC (0.21%), California Public Employees Retirement System (0.19%) and Strs Ohio (0.14%). 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 major investors are selling Washington Prime Group stock?

WPG stock was sold by a variety of institutional investors in the last quarter, including Valeo Financial Advisors LLC, Systematic Financial Management LP, Municipal Employees Retirement System of Michigan, Regent Investment Management LLC, Chicago Equity Partners LLC, Alps Advisors Inc., Strs Ohio and Virginia Retirement Systems ET AL. Company insiders that have sold Washington Prime Group company stock in the last year include Joshua Lindimore, Robert P Demchak and Stephan Gerber. View Insider Buying and Selling for Washington Prime Group.

Which major investors are buying Washington Prime Group stock?

WPG stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Nisa Investment Advisors LLC, Russell Investments Group Ltd., KG&L Capital Management LLC, Envestnet Asset Management Inc., AE Wealth Management LLC, Rhumbline Advisers and California Public Employees Retirement System. 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 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 $4.13.

How big of a company is Washington Prime Group?

Washington Prime Group has a market capitalization of $769.73 million and generates $723.30 million in revenue each year. The real estate investment trust earns $93.60 million in net income (profit) each year or $1.51 on an earnings per share basis. Washington Prime Group employs 727 workers across the globe.View Additional Information About Washington Prime Group.

What is Washington Prime Group's official website?

The official website for Washington Prime Group is http://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]


MarketBeat Community Rating for Washington Prime Group (NYSE WPG)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  217 (Vote Outperform)
Underperform Votes:  275 (Vote Underperform)
Total Votes:  492
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.
This page was last updated on 11/21/2019 by MarketBeat.com Staff

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