NYSE:WPG - Washington Prime Group Stock Price, Price Target & More

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$7.66 -0.03 (-0.39 %)
(As of 07/23/2018 01:33 PM ET)
Previous Close$7.73
Today's Range$7.61 - $7.75
52-Week Range$5.40 - $9.79
Volume90,658 shs
Average Volume1.94 million shs
Market Capitalization$1.43 billion
P/E Ratio4.71
Dividend Yield13.00%
Beta0.65
Washington Prime Group logoWashington 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> and Shelby's Sugar Shop<sup>®</sup> are registered trademarks of the Company. Trademark and patent registrations for Tangible<sup>?</sup> are currently pending. Learn more at www.washingtonprime.com.

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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 Ratio1.03
Current Ratio0.06
Quick Ratio0.06

Price-To-Earnings

Trailing P/E Ratio4.71
Forward P/E Ratio5.04
P/E GrowthN/A

Sales & Book Value

Annual Sales$758.12 million
Price / Sales1.88
Cash Flow$2.3789 per share
Price / Cash3.22
Book Value$5.73 per share
Price / Book1.34

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
Market Cap$1,428.74

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 Friday, May 18th. Investors of record on Friday, June 1st will be given a dividend of $0.25 per share on Friday, June 15th. This represents a $1.00 annualized dividend and a yield of 13.04%. The ex-dividend date of this dividend 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) posted its quarterly earnings data on Wednesday, April, 25th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.30. The real estate investment trust had revenue of $180.34 million for the quarter, compared to analysts' expectations of $178.70 million. Washington Prime Group had a net margin of 26.94% and a return on equity of 18.52%. 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, July, 25th 2018. View Earnings Estimates for Washington Prime Group.

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

Washington Prime Group updated its FY18 earnings guidance on Wednesday, April, 25th. The company provided earnings per share (EPS) guidance of $1.48-1.56 for the period, compared to the Thomson Reuters consensus 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 equities research analysts have issued 12-month price targets for Washington Prime Group's shares. Their predictions range from $6.00 to $8.00. On average, they expect 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 8.7%. View Analyst Ratings 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."

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 drop in short interest in June. As of June 15th, there was short interest totalling 29,055,975 shares, a drop of 11.9% from the May 31st total of 32,966,836 shares. Based on an average trading volume of 2,802,754 shares, the days-to-cover ratio is presently 10.4 days. Approximately 15.7% of the shares of the company are short sold. View Washington Prime Group's Current Options Chain.

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:
  • 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?

News coverage about WPG stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Washington Prime Group earned a news sentiment score of 0.15 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 48.83 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are Washington Prime Group's major shareholders?

Washington Prime Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.07%), Louisiana State Employees Retirement System (0.04%) and State of Alaska Department of Revenue (0.04%). 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 State of Alaska Department of Revenue. 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 Nisa Investment Advisors LLC and Louisiana State Employees Retirement System. 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 $7.67.

How big of a company is Washington Prime Group?

Washington Prime Group has a market capitalization of $1.43 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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  135 (Vote Outperform)
Underperform Votes:  169 (Vote Underperform)
Total Votes:  304
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 7/23/2018 by MarketBeat.com Staff

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