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: $1.78 billion
  • Outstanding Shares: 185,428,000
Average Prices:
  • 50 Day Moving Avg: $8.45
  • 200 Day Moving Avg: $8.76
  • 52 Week Range: $7.31 - $14.15
P/E:
  • Trailing P/E Ratio: 31.41
  • Foreward P/E Ratio: 29.03
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $835.84 million
  • Price / Sales: 2.13
  • Book Value: $4.62 per share
  • Price / Book: 2.07
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 11.0%
Profitability:
  • EBIDTA: $495.88 million
  • Net Margins: 8.13%
  • Return on Equity: 6.36%
  • Return on Assets: 1.32%
Debt:
  • Debt-to-Equity Ratio: 1.58%
  • Current Ratio: 0.09%
  • Quick Ratio: 0.09%
Misc:
  • Average Volume: 2.79 million shs.
  • Beta: 0.92
  • 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 Friday, May 19th. Investors of record on Thursday, June 1st will be given a dividend of $0.25 per share on Thursday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 10.44%. The ex-dividend date of this dividend is Tuesday, May 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, July, 26th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.06. The company earned $189.17 million during the quarter, compared to the consensus estimate of $197.69 million. Washington Prime Group had a net margin of 8.13% and a return on equity of 6.36%. The business's revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. View Washington Prime Group's Earnings History.

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

Washington Prime Group issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) 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.

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

Who owns Washington Prime Group stock?

Washington Prime Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include APG Asset Management US Inc. (2.63%), Real Estate Management Services LLC (1.84%), Carleon Capital Partners LLC (0.97%), Lincluden Management Ltd. (0.32%), Bank of Montreal Can (0.18%) and Strs Ohio (0.16%). 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.

Who sold Washington Prime Group stock? Who is selling Washington Prime Group stock?

Washington Prime Group's stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Municipal Employees Retirement System of Michigan, Russell Investments Group Ltd., Dalton Greiner Hartman Maher & Co., Lincluden Management Ltd., Rothschild Investment Corp IL, US Bancorp DE and State of Alaska Department of Revenue. View Insider Buying and Selling for Washington Prime Group.

Who bought Washington Prime Group stock? Who is buying Washington Prime Group stock?

Washington Prime Group's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., Carleon Capital Partners LLC, Bank of Montreal Can, Forsta AP Fonden, ING Groep NV, Real Estate Management Services LLC, Breton Hill Capital Ltd. and Aperio Group 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 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 $9.58.


MarketBeat Community Rating for Washington Prime Group (NYSE WPG)
Community Ranking:  1.6 out of 5 ()
Outperform Votes:  36 (Vote Outperform)
Underperform Votes:  75 (Vote Underperform)
Total Votes:  111
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: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for Washington Prime Group (NYSE:WPG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/15/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> NeutralN/AView Rating Details
4/6/2016Boenning ScattergoodUpgradeUnderperform -> NeutralN/AView Rating Details
1/22/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralN/AView Rating Details
(Data available from 7/28/2015 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
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: $1.65
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$0.40$0.40$0.40
Q4 20172$0.43$0.45$0.44
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:6/15/2017
Annual Dividend:$1.00
Dividend Yield:10.44%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:500.00% (Trailing 12 Months of Earnings)
95.24% (Based on This Year's Estimates)
303.03% (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
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: 0.28%
Institutional Ownership Percentage: 89.94%
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. (NYSE:WPG) Issues Earnings Results, Beats Estimates By $0.06 EPS
www.americanbankingnews.com - July 27 at 1:47 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Washington Prime Group Inc. (WPG) Will Post Earnings of $0.41 Per Share
www.americanbankingnews.com - July 27 at 11:21 AM
businesswire.com logoWashington Prime Group Reports Second Quarter 2017 Results - Business Wire (press release)
www.businesswire.com - July 27 at 9:35 AM
finance.yahoo.com logoWashington Prime Group Reports Second Quarter 2017 Results
finance.yahoo.com - July 27 at 9:35 AM
finance.yahoo.com logoWP Glimcher reports 2Q results
finance.yahoo.com - July 27 at 9:35 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Updates Q3 Earnings Guidance
www.americanbankingnews.com - July 26 at 6:17 PM
americanbankingnews.com logoWashington Prime Group Inc. (NYSE:WPG) Releases FY17 Earnings Guidance
www.americanbankingnews.com - July 26 at 6:17 PM
americanbankingnews.com logoContrasting Simon Property Group (SPG) & Washington Prime Group (NYSE:WPG)
www.americanbankingnews.com - July 26 at 12:40 PM
businesswire.com logoWashington Prime Group to Transform Former Department Store Space to Open Air Retail at Markland Mall - Business Wire (press release)
www.businesswire.com - July 19 at 9:35 AM
finance.yahoo.com logoWashington Prime Group to Transform Former Department Store Space to Open Air Retail at Markland Mall
finance.yahoo.com - July 19 at 9:35 AM
finance.yahoo.com logoWashington Prime Group to Transform Former Department Store Space to Open Air Retail at Markland Mall
finance.yahoo.com - July 19 at 9:35 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) to Release Earnings on Wednesday
www.americanbankingnews.com - July 19 at 8:15 AM
businesswire.com logoWashington Prime Group Signs Round 1 as Lead Tenant to Replace Former Department Store Space at Great Lakes ... - Business Wire (press release)
www.businesswire.com - July 11 at 9:38 AM
finance.yahoo.com logoWashington Prime Group Signs Round 1 as Lead Tenant to Replace Former Department Store Space at Great Lakes Mall
finance.yahoo.com - July 11 at 9:38 AM
prnewswire.com logoTechnical Reports on Property Management Equities -- Washington Prime, CBRE ...
www.prnewswire.com - July 7 at 4:40 AM
finance.yahoo.com logoWall Street Mixed as Crude-Oil Supply Glut Sparks Selloff
finance.yahoo.com - July 6 at 6:00 PM
americanbankingnews.com logo Analysts Expect Washington Prime Group Inc. (NYSE:WPG) Will Post Quarterly Sales of $195.59 Million
www.americanbankingnews.com - July 5 at 11:50 AM
nasdaq.com logoWashington Prime Group Named Top Dividend Stock With Insider Buying and 11.95% Yield
www.nasdaq.com - July 4 at 8:50 AM
americanbankingnews.com logoZacks: Analysts Expect Washington Prime Group Inc. (WPG) to Announce $0.40 Earnings Per Share
www.americanbankingnews.com - July 3 at 8:34 AM
businesswire.com logoWashington Prime Group Announces Timing of Second Quarter 2017 Conference Call - Business Wire (press release)
www.businesswire.com - June 29 at 8:40 PM
finance.yahoo.com logoWashington Prime Group Announces Timing of Second Quarter 2017 Conference Call
finance.yahoo.com - June 29 at 8:40 PM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bullish Manner : WPG-US : June 27, 2017
finance.yahoo.com - June 28 at 3:17 AM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Upgraded at BidaskClub
www.americanbankingnews.com - June 27 at 3:28 PM
nasdaq.com logoWashington Prime Group's 6.875% Series I Cumulative Redeemable Preferred Shares Ex-Dividend Reminder
www.nasdaq.com - June 26 at 11:56 PM
finance.yahoo.com logoETFs with exposure to Washington Prime Group, Inc. : June 15, 2017
finance.yahoo.com - June 15 at 4:07 PM
americanbankingnews.com logoWashington Prime Group Inc. (WPG) Short Interest Up 50.4% in May
www.americanbankingnews.com - June 14 at 7:04 AM
finance.yahoo.com logoWashington Prime Group, Inc. breached its 50 day moving average in a Bullish Manner : WPG-US : June 13, 2017
finance.yahoo.com - June 13 at 8:54 AM
americanbankingnews.com logo$195.59 Million in Sales Expected for Washington Prime Group Inc (WPG) This Quarter
www.americanbankingnews.com - June 9 at 4:04 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Washington Prime Group Inc (WPG) to Announce $0.40 Earnings Per Share
www.americanbankingnews.com - June 7 at 8:06 AM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Downgraded by ValuEngine to "Hold"
www.americanbankingnews.com - June 6 at 6:54 PM
seekingalpha.com logoWashington Prime Group: Exaggerated Fear
seekingalpha.com - June 3 at 2:24 AM
finance.yahoo.com logoWPG CEO Sees Strength in U.S. Retail Real Estate
finance.yahoo.com - June 2 at 6:56 AM
finance.yahoo.com logoWashington Prime Group Inc. -- Moody's affirms Washington Prime's Baa3 rating; outlook revised to negative
finance.yahoo.com - June 2 at 6:56 AM
finance.yahoo.com logoWashington Prime Group, Inc. : WPG-US: Dividend Analysis : June 01st, 2017 (record date) : By the numbers : May 31, 2017
finance.yahoo.com - May 31 at 11:32 AM
seekingalpha.com logoGet A 24% Annualized Yield On Washington Prime Group While You Wait To Buy It
seekingalpha.com - May 28 at 11:04 PM
nasdaq.com logoWashington Prime Group Inc. (WPG) Ex-Dividend Date Scheduled for May 30, 2017 - Nasdaq
www.nasdaq.com - May 27 at 6:45 AM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Plans Quarterly Dividend of $0.25
www.americanbankingnews.com - May 19 at 6:16 PM
finance.yahoo.com logoWashington Prime Group Announces Results of 2017 Annual Meeting of Shareholders; Board of Directors Declares Quarterly Dividend
finance.yahoo.com - May 19 at 1:48 PM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - May 17 at 9:38 AM
forbes.com logoBruce Berkowitz Invests In Shopping Malls - Forbes
www.forbes.com - May 17 at 8:13 AM
bizjournals.com logoWashington Prime Group sells $340M stake in 6 mall properties - Columbus Business First
www.bizjournals.com - May 17 at 8:13 AM
finance.yahoo.com logoWashington Prime: Should Value Investors Consider WPG Stock?
finance.yahoo.com - May 17 at 12:12 AM
finance.yahoo.com logoWashington Prime Group sells $340M stake in 6 mall properties
finance.yahoo.com - May 17 at 12:12 AM
businesswire.com logoWashington Prime Group Completes Formation of Second Joint Venture with O'Connor Capital Partners - Business Wire (press release)
www.businesswire.com - May 16 at 8:10 AM
finance.yahoo.com logoWashington Prime Group Completes Formation of Second Joint Venture with O’Connor Capital Partners
finance.yahoo.com - May 15 at 7:48 PM
seekingalpha.com logoAfter Hours Gainers / Losers
seekingalpha.com - May 13 at 3:11 AM
nasdaq.com logoWill Insiders Be Tempted To Buy More WPG At The New 52-Week Low?
www.nasdaq.com - May 13 at 3:11 AM
americanbankingnews.com logo$0.41 Earnings Per Share Expected for Washington Prime Group Inc (WPG) This Quarter
www.americanbankingnews.com - May 11 at 9:28 AM
americanbankingnews.com logoWashington Prime Group Inc (WPG) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - May 10 at 11:40 AM
americanbankingnews.com logoLouis G. Conforti Purchases 12,125 Shares of Washington Prime Group Inc (WPG) Stock
www.americanbankingnews.com - May 8 at 4:44 PM

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Chart

Washington Prime Group (WPG) Chart for Friday, July, 28, 2017

This page was last updated on 7/28/2017 by MarketBeat.com Staff