NYSE:WPG - Washington Prime Group Stock Price, News, & Analysis

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$5.83 +0.14 (+2.46 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$5.69
Today's Range$5.63 - $5.8550
52-Week Range$4.63 - $8.44
Volume2.32 million shs
Average Volume1.92 million shs
Market Capitalization$1.08 billion
P/E Ratio3.86
Dividend Yield17.57%
Beta1.12
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 and Shelby's Sugar Shop are registered trademarks of the Company. Trademark and patent registrations for Tangible are currently pending.

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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$2.4191 per share
Book Value$5.73 per share

Profitability

Net Income$197.06 million

Miscellaneous

Employees980
Market Cap$1.08 billion
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable

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 Wednesday, February 13th. Investors of record on Monday, March 4th will be paid a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 17.15%. The ex-dividend date of this dividend is Friday, March 1st. View Washington Prime Group's Dividend History.

How were Washington Prime Group's earnings last quarter?

Washington Prime Group Inc (NYSE:WPG) released its quarterly earnings results on Wednesday, July, 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.32. The real estate investment trust earned $178.73 million during the quarter, compared to analyst estimates of $182.11 million. Washington Prime Group had a return on equity of 9.45% and a net margin of 12.94%. Washington Prime Group's revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. 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, April 24th 2019. View Earnings Estimates for Washington Prime Group.

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

Washington Prime Group updated its first quarter earnings guidance on Wednesday, February, 20th. The company provided earnings per share (EPS) guidance of $0.28-0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.31.

What price target have analysts set for WPG?

3 equities research analysts have issued 12-month price targets for Washington Prime Group's shares. Their predictions range from $4.30 to $6.00. On average, they expect Washington Prime Group's stock price to reach $5.1667 in the next twelve months. This suggests that the stock has a possible downside of 11.4%. View Analyst Price Targets for Washington Prime Group.

What is the consensus analysts' recommendation for Washington Prime Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Prime Group in the last year. There are currently 3 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?

Media stories about WPG stock have trended somewhat positive recently, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Washington Prime Group earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned media stories 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 impact on the stock's share price in the next several days.

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. Paul S. Ajdaharian, Exec. VP & Head of Open Air Centers (Age 54)
  • Mr. Gregory E. Zimmerman, Exec. VP of Devel. (Age 57)

Who are Washington Prime Group's major shareholders?

Washington Prime Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.27%), Private Management Group Inc. (2.75%), Northern Trust Corp (2.30%), Massachusetts Financial Services Co. MA (2.00%), Bank of New York Mellon Corp (1.81%) and Advisors Asset Management Inc. (1.67%). Company insiders that own Washington Prime Group stock include Blucher Sheryl G Von, Keric M Knerr, Louis G Conforti, Robert J Laikin 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, Bank of New York Mellon Corp, Mackenzie Financial Corp, Northern Trust Corp, Nisa Investment Advisors LLC, Amundi Pioneer Asset Management Inc., Thrivent Financial for Lutherans and First Trust Advisors LP. 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 BlackRock Inc., Oregon Public Employees Retirement Fund, Chilton Capital Management LLC, Geode Capital Management LLC, Valeo Financial Advisors LLC, Virginia Retirement Systems ET AL, Canada Pension Plan Investment Board and Jennison Associates LLC. Company insiders that have bought Washington Prime Group stock in the last two years include Blucher Sheryl G Von, Keric M Knerr, Louis G Conforti, Robert J Laikin 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 $5.83.

How big of a company is Washington Prime Group?

Washington Prime Group has a market capitalization of $1.08 billion and generates $723.30 million in revenue each year. The real estate investment trust earns $197.06 million in net income (profit) each year or $1.51 on an earnings per share basis. Washington Prime Group employs 980 workers across the globe.

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:  170 (Vote Outperform)
Underperform Votes:  220 (Vote Underperform)
Total Votes:  390
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 2/22/2019 by MarketBeat.com Staff

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