Washington Prime Group Company Profile (NYSE:WPG)

About Washington Prime Group (NYSE:WPG)

Washington Prime Group logoWashington Prime Group Inc. (WPG Inc.), formerly WP Glimcher Inc., operates as a self-administered and self-managed real estate investment trust (REIT). The Company's primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers. As of December 31, 2016, its assets consisted of material interests in 114 shopping centers in the United States, consisting of approximately 63 million square feet of gross leasable area. The Company also owns parcels of land, which can be used for either the development of new shopping centers or the expansion of existing properties. Washington Prime Group, L.P. is the Company's majority-owned partnership subsidiary that owns, develops and manages, through its affiliates, all of WPG Inc.'s real estate properties and other assets. Its properties include Irving Mall, Lindale Mall, Markland Plaza and Royal Eagle Plaza.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Retail REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:WPG
  • CUSIP: N/A
  • Web: www.washingtonprime.com
Capitalization:
  • Market Cap: $1.61058 billion
  • Outstanding Shares: 185,764,000
Average Prices:
  • 50 Day Moving Avg: $8.40
  • 200 Day Moving Avg: $8.49
  • 52 Week Range: $7.31 - $12.18
P/E:
  • Trailing P/E Ratio: 9.30
  • Foreward P/E Ratio: 5.25
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $819.27 million
  • Price / Sales: 1.94
  • Book Value: $5.10 per share
  • Price / Book: 1.68
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 11.5%
Profitability:
  • EBITDA: $487.39 million
  • Net Margins: 22.65%
  • Return on Equity: 17.36%
  • Return on Assets: 3.73%
Debt:
  • Debt-to-Equity Ratio: 1.26%
  • Current Ratio: 0.09%
  • Quick Ratio: 0.09%
Misc:
  • Average Volume: 2.30 million shs.
  • Beta: 0.95
  • Short Ratio: 6.9
 

Frequently Asked Questions for Washington Prime Group (NYSE:WPG)

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 7th. Investors of record on Friday, September 1st will be paid a dividend of $0.25 per share on Friday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date of this dividend is Wednesday, August 30th. View Washington Prime Group's Dividend History.

How were Washington Prime Group's earnings last quarter?

Washington Prime Group Inc. (NYSE:WPG) announced its earnings results on Wednesday, July, 26th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.06. The business earned $189.17 million during the quarter, compared to analyst estimates of $197.69 million. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. The business's revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. View Washington Prime Group's Earnings History.

When will Washington Prime Group make its next earnings announcement?

Washington Prime Group is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Washington Prime Group.

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

Washington Prime Group updated its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $1.64-1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.75. Washington Prime Group also updated its Q3 guidance to $0.39-0.41 EPS.

Are investors shorting Washington Prime Group?

Washington Prime Group saw a decline in short interest in the month of September. As of September 15th, there was short interest totalling 17,005,166 shares, a decline of 17.6% from the August 31st total of 20,638,006 shares. Based on an average daily volume of 2,178,259 shares, the short-interest ratio is presently 7.8 days. Approximately 9.2% of the shares of the stock are short sold.

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

Who are Washington Prime Group's key executives?

Washington Prime Group's management team includes the folowing people:

  • Louis G. Conforti, Chief Executive Officer, Director
  • Mark Edward Yale, Chief Financial Officer, Executive Vice President
  • Keric Knerr, Chief Operating Officer, Executive Vice President
  • Robert Paul Demchak, Executive Vice President, General Counsel, Corporate Secretary
  • Melissa A. Indest CPA, Senior Vice President- Finance, Chief Accounting Officer
  • Robert J. Laikin, Independent Non-Executive Chairman of the Board
  • John J. Dillon III, Independent Director
  • John F. Levy, Independent Director
  • Jacquelyn R. Soffer, Independent Director
  • Sheryl G. von Blucher, Independent Director

How do I buy Washington Prime Group stock?

Shares of Washington Prime Group can be purchased through any online brokerage account. Popular online brokerages 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 Washington Prime Group stock can currently be purchased for approximately $8.56.


MarketBeat Community Rating for Washington Prime Group (NYSE WPG)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  73 (Vote Outperform)
Underperform Votes:  110 (Vote Underperform)
Total Votes:  183
MarketBeat's community ratings are surveys of what our community members think about Washington Prime Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Washington Prime Group (NYSE:WPG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating
Consensus Rating:Sell (Score: 1.00)
Consensus Price Target: N/A
Consensus Price Target History for Washington Prime Group (NYSE:WPG)
Price Target History for Washington Prime Group (NYSE:WPG)
Analysts' Ratings History for Washington Prime Group (NYSE:WPG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/23/2017Boenning ScattergoodDowngradeNeutral -> Under PerformLowView Rating Details
7/15/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> NeutralN/AView Rating Details
1/22/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralN/AView Rating Details
(Data available from 10/17/2015 forward)

Earnings

Earnings History for Washington Prime Group (NYSE:WPG)
Earnings by Quarter for Washington Prime Group (NYSE:WPG)
Earnings History by Quarter for Washington Prime Group (NYSE WPG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$0.23N/AView Earnings Details
7/26/2017Q2 2017$0.66$0.72$197.69 million$189.17 millionViewN/AView Earnings Details
4/26/2017Q1 2017$0.40$0.42$198.72 million$202.39 millionViewN/AView Earnings Details
8/3/2016Q216$0.40$0.45$207.09 million$205.74 millionViewListenView Earnings Details
5/4/2016Q116$0.44$0.42$225.07 million$210.03 millionViewListenView Earnings Details
2/25/2016Q415$0.46$0.47$222.42 million$229.40 millionViewListenView Earnings Details
11/2/2015Q315$0.43$0.46$220.24 million$216.97 millionViewN/AView Earnings Details
8/4/2015Q215$0.04$0.48$241.20 million$237.60 millionViewListenView Earnings Details
5/7/2015Q115$0.46$0.47$235.00 million$237.72 millionViewListenView Earnings Details
2/26/2015Q414$0.19$0.22$170.00 million$177.30 millionViewN/AView Earnings Details
11/4/2014Q314$0.24$0.26$169.20 million$167.70 millionViewN/AView Earnings Details
8/8/2014Q214$0.17$0.22$160.60 million$158.18 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Washington Prime Group (NYSE:WPG)
2017 EPS Consensus Estimate: $1.63
2018 EPS Consensus Estimate: $1.63
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.40$0.40$0.40
Q2 20172$0.40$0.41$0.41
Q3 20172$0.39$0.40$0.40
Q4 20172$0.42$0.43$0.43
Q1 20181$0.38$0.38$0.38
Q2 20181$0.41$0.41$0.41
Q3 20181$0.41$0.41$0.41
Q4 20181$0.43$0.43$0.43
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Washington Prime Group (NYSE:WPG)
Most Recent Dividend:9/15/2017
Annual Dividend:$1.00
Dividend Yield:11.68%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:108.70% (Trailing 12 Months of Earnings)
60.98% (Based on This Year's Estimates)
61.35% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Washington Prime Group (NYSE:WPG)

Dividend History by Quarter for Washington Prime Group (NYSE WPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/7/2017quarterly$0.2510.78%8/30/20179/1/20179/15/2017
5/19/2017quarterly$0.2512.8%5/30/20176/1/20176/15/2017
2/23/2017quarterly$0.2510.65%3/6/20173/8/20173/15/2017
11/3/2016Quarterly$0.2511/30/201612/2/201612/15/2016
8/30/2016Quarterly$0.259/7/20169/9/20169/22/2016
5/18/2016quarterly$0.2510.22%6/1/20166/3/20166/15/2016
2/25/2016quarterly$0.2511.71%3/3/20163/7/20163/15/2016
11/3/2015quarterly$0.258.1%11/30/201512/2/201512/15/2015
8/4/2015quarterly$0.257.35%9/1/20159/2/20159/15/2015
5/21/2015quarterly$0.257.05%6/1/20156/3/20156/15/2015
2/25/2015special$0.113/4/20153/6/20153/16/2015
12/26/2014special$0.145.83%1/12/20151/14/20151/22/2015
11/4/2014quarterly$0.255.61%11/24/201411/26/201412/15/2014
8/8/2014quarterly$0.258/25/20148/27/20149/15/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Washington Prime Group (NYSE:WPG)
Insider Ownership Percentage: 0.26%
Institutional Ownership Percentage: 92.00%
Insider Trades by Quarter for Washington Prime Group (NYSE:WPG)
Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)
Insider Trades by Quarter for Washington Prime Group (NYSE:WPG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/5/2017Louis G ConfortiCEOBuy12,125$8.25$100,031.25View SEC Filing  
3/31/2017Louis G ConfortiCEOBuy28,700$8.68$249,116.00View SEC Filing  
3/28/2017Keric M KnerrInsiderBuy6,119$8.17$49,992.23View SEC Filing  
3/27/2017Robert P DemchakEVPBuy6,140$8.15$50,041.00View SEC Filing  
6/26/2015Niles C OverlyDirectorBuy10,000$13.61$136,100.00View SEC Filing  
6/22/2015Marvin L WhiteDirectorBuy5,000$14.23$71,150.00View SEC Filing  
6/10/2015Jacquelyn R SofferDirectorBuy100,000$13.10$1,310,000.00View SEC Filing  
5/12/2015Robert J LaikinDirectorBuy10,000$14.45$144,500.00View SEC Filing  
12/3/2014Robert J LaikinDirectorBuy10,000$17.07$170,700.00View SEC Filing  
11/20/2014Mark S OrdanCEOBuy10,000$17.13$171,300.00View SEC Filing  
11/19/2014Robert J LaikinDirectorBuy10,000$17.20$172,000.00View SEC Filing  
11/7/2014Mark S OrdanCEOBuy15,000$17.79$266,850.00View SEC Filing  
11/7/2014Robert J LaikinDirectorBuy10,000$17.76$177,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Washington Prime Group (NYSE:WPG)
Latest Headlines for Washington Prime Group (NYSE:WPG)
Source:
DateHeadline
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - October 14 at 8:24 PM
americanbankingnews.com logoComparing Washington Prime Group (WPG) and The Competition
www.americanbankingnews.com - October 14 at 8:14 AM
seekingalpha.com logoIs WPG Really Cheaper Than SPG?
seekingalpha.com - October 13 at 10:14 AM
prnewswire.com logoDaily Technical Summary Reports on Property Management Stocks -- Acadia Realty Trust, JBG Smith Properties ... - PR Newswire (press release)
www.prnewswire.com - October 12 at 10:11 AM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bullish Manner : WPG-US : October 12, 2017
finance.yahoo.com - October 12 at 10:11 AM
seekingalpha.com logoWashington Prime Is Proving Itself - Seeking Alpha
seekingalpha.com - October 11 at 9:39 AM
seekingalpha.com logoIs This 12% REIT An Opportunity? - Seeking Alpha
seekingalpha.com - October 10 at 8:27 AM
seekingalpha.com logoIs This 12% REIT An Opportunity? - Seeking Alpha
seekingalpha.com - October 10 at 8:27 AM
seekingalpha.com logoIs This 12% REIT A Once-A-Lifetime Opportunity?
seekingalpha.com - October 9 at 9:21 AM
americanbankingnews.com logo Brokerages Expect Washington Prime Group Inc. (WPG) to Announce $0.40 EPS
www.americanbankingnews.com - October 9 at 6:12 AM
reuters.com logoBRIEF-Washington Prime to retain Southern Hills Mall, sell Colonial Park Mall
www.reuters.com - October 6 at 1:06 PM
streetinsider.com logoForm 8-K WASHINGTON PRIME GROUP For: Oct 03 Filed by: Washington Prime Group, L.P.
www.streetinsider.com - October 6 at 1:06 PM
nasdaq.com logoTop Buys by Directors: Conforti's $100K Bet on WPG
www.nasdaq.com - October 6 at 1:06 PM
seekingalpha.com logoWashington Prime trims C-suite
seekingalpha.com - October 6 at 1:06 PM
finance.yahoo.com logoWashington Prime Group Announces Strategic Transactions
finance.yahoo.com - October 6 at 1:06 PM
americanbankingnews.com logoShort Interest in Washington Prime Group Inc. (WPG) Decreases By 17.6%
www.americanbankingnews.com - October 2 at 3:46 AM
businesswire.com logoWashington Prime Group Announces Timing of Third Quarter 2017 Conference Call
www.businesswire.com - September 29 at 3:58 PM
finance.yahoo.com logoWashington Prime Group Announces Strategic Disposition of 41 Outparcels
finance.yahoo.com - September 23 at 11:51 AM
finance.yahoo.com logoWashington Prime Group, Inc. : WPG-US: Dividend Analysis : September 01st, 2017 (record date) : By the numbers : September 22, 2017
finance.yahoo.com - September 23 at 11:51 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Expected to Announce Quarterly Sales of $191.09 Million
www.americanbankingnews.com - September 22 at 3:22 AM
americanbankingnews.com logoContrasting Washington Prime Group (WPG) and CoreSite Realty Corporation (COR)
www.americanbankingnews.com - September 21 at 2:28 PM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Expected to Post Earnings of $0.40 Per Share
www.americanbankingnews.com - September 20 at 4:12 PM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Short Interest Up 25.3% in August
www.americanbankingnews.com - September 18 at 2:48 AM
americanbankingnews.com logoWashington Prime Group (WPG) versus DDR Corp. (DDR) Head-To-Head Analysis
www.americanbankingnews.com - September 15 at 10:36 PM
americanbankingnews.com logoHead-To-Head Contrast: Washington Prime Group (WPG) vs. National Retail Properties (NNN)
www.americanbankingnews.com - September 9 at 4:48 PM
americanbankingnews.com logoWashington Prime Group (WPG) and Agree Realty Corporation (ADC) Financial Review
www.americanbankingnews.com - September 9 at 4:06 AM
americanbankingnews.com logo Brokerages Expect Washington Prime Group Inc. (WPG) to Post $0.40 Earnings Per Share
www.americanbankingnews.com - September 2 at 12:28 AM
nasdaq.com logoWhy It's Plain Stupid to Buy These 4 High-Yield REITs Now - Nasdaq
www.nasdaq.com - September 1 at 8:54 PM
finance.yahoo.com logoWhy It's Plain Stupid to Buy These 4 High-Yield REITs Now
finance.yahoo.com - September 1 at 8:54 PM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : August 29, 2017
finance.yahoo.com - August 29 at 9:50 AM
streetinsider.com logoBoenning & Scattergood Downgrades Washington Prime Group (WPG) to Underperform
www.streetinsider.com - August 25 at 3:48 PM
prnewswire.com logoPre-Market Technical Pulse on Property Management Stocks -- Washington Prime, CBRE Group, Forest City Realty ... - PR Newswire (press release)
www.prnewswire.com - August 23 at 2:02 PM
finance.yahoo.com logoBruce Berkowitz Buys Washington Prime Group Inc
finance.yahoo.com - August 23 at 2:02 PM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Rating Lowered to Underperform at Boenning Scattergood
www.americanbankingnews.com - August 23 at 9:16 AM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : August 18, 2017
finance.yahoo.com - August 18 at 3:44 PM
americanbankingnews.com logo$191.09 Million in Sales Expected for Washington Prime Group Inc. (WPG) This Quarter
www.americanbankingnews.com - August 16 at 6:46 AM
seekingalpha.com logoSeparating The Wheat From The Chaff - Washington Prime Group ... - Seeking Alpha
seekingalpha.com - August 15 at 8:27 AM
finance.yahoo.com logoWashington Prime Group Board of Directors Forms a Sustainability Committee
finance.yahoo.com - August 15 at 8:26 AM
seekingalpha.com logoWashington Prime - Second-Quarter Update
seekingalpha.com - August 14 at 8:28 AM
americanbankingnews.com logoWashington Prime Group Inc. to Post Q3 2017 Earnings of $0.39 Per Share, SunTrust Banks Forecasts (WPG)
www.americanbankingnews.com - August 14 at 1:22 AM
finance.yahoo.com logoBill Miller IV: Why I'm betting on shopping centers
finance.yahoo.com - August 12 at 8:52 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Washington Prime Group Inc.
finance.yahoo.com - August 12 at 8:51 AM
finance.yahoo.com logoIHS Markit Score Update: Drop in demand for ETFs holding Washington Prime Group Inc is a negative sign for its shares
finance.yahoo.com - August 10 at 9:44 AM
finance.yahoo.com logoVantiv Seals $12B Worldpay Deal
finance.yahoo.com - August 9 at 9:15 AM
businesswire.com logoWashington Prime Group Announces the Closing of its Unsecured Notes Offering - Business Wire (press release)
www.businesswire.com - August 8 at 8:21 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Declares $0.25 Quarterly Dividend
www.americanbankingnews.com - August 7 at 6:34 PM
finance.yahoo.com logoWashington Prime Group Announces the Closing of its Unsecured Notes Offering
finance.yahoo.com - August 7 at 8:37 AM
businesswire.com logoWashington Prime Group Board of Directors Declares Quarterly Dividend - Business Wire (press release)
www.businesswire.com - August 6 at 7:39 AM
finance.yahoo.com logoWashington Prime Group Board of Directors Declares Quarterly Dividend
finance.yahoo.com - August 5 at 8:38 AM
finance.yahoo.com logoWashington Prime Group Prices $750 Million Offering of 5.950% Unsecured Notes
finance.yahoo.com - August 2 at 8:50 AM

Social

Chart

Washington Prime Group (WPG) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.