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NYSE:WPGWashington Prime Group Stock Price, Forecast & News

$0.71
+0.01 (+1.42 %)
(As of 06/4/2020 10:16 AM ET)
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Compare
Today's Range
$0.70
Now: $0.71
$0.73
50-Day Range
$0.63
MA: $0.71
$0.98
52-Week Range
$0.56
Now: $0.71
$4.69
Volume838,672 shs
Average Volume4.03 million shs
Market Capitalization$133.87 million
P/E Ratio0.61
Dividend Yield75.93%
Beta1.45
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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Washington Prime Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


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$661.48 million
Cash Flow$1.62 per share
Book Value$3.77 per share

Profitability

Net Income$4.27 million

Miscellaneous

Employees727
Market Cap$133.87 million
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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Washington Prime Group (NYSE:WPG) Frequently Asked Questions

How has Washington Prime Group's stock been impacted by COVID-19 (Coronavirus)?

Washington Prime Group's stock was trading at $1.77 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WPG shares have decreased by 59.6% and is now trading at $0.7145. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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." View analyst ratings for Washington Prime Group.

When is Washington Prime Group's next earnings date?

Washington Prime Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Washington Prime Group.

How were Washington Prime Group's earnings last quarter?

Washington Prime Group Inc (NYSE:WPG) posted its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.09. The real estate investment trust had revenue of $152.60 million for the quarter, compared to analyst estimates of $161.50 million. Washington Prime Group had a net margin of 1.99% and a return on equity of 1.77%. View Washington Prime Group's earnings history.

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 Wednesday, February 26th. Shareholders of record on Monday, March 9th will be given a dividend of $0.125 per share on Monday, March 16th. This represents a $0.50 dividend on an annualized basis and a yield of 69.98%. The ex-dividend date is Friday, March 6th. View Washington Prime Group's dividend history.

What price target have analysts set for WPG?

2 analysts have issued 12-month price targets for Washington Prime Group's stock. Their forecasts range from $1.00 to $1.00. On average, they anticipate Washington Prime Group's stock price to reach $1.00 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price. View analysts' price targets for Washington Prime Group.

Has Washington Prime Group been receiving favorable news coverage?

News articles about WPG stock have trended somewhat negative recently, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 -1.0 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutWashington Prime Group.

Are investors shorting Washington Prime Group?

Washington Prime Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 69,420,000 shares, an increase of 5.1% from the April 30th total of 66,040,000 shares. Based on an average daily trading volume, of 7,150,000 shares, the short-interest ratio is presently 9.7 days. Currently, 37.5% 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?

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 following 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)

What is Washington Prime Group's stock symbol?

Washington Prime Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPG."

Who are Washington Prime Group's major shareholders?

Washington Prime Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.71%), State Street Corp (4.76%), Bank of New York Mellon Corp (1.96%), Geode Capital Management LLC (1.79%), Principal Financial Group Inc. (0.76%) and Nuveen Asset Management LLC (0.64%). 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 institutional investors are selling Washington Prime Group stock?

WPG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Alliancebernstein L.P., State Street Corp, JPMorgan Chase & Co., WINTON GROUP Ltd, Legal & General Group Plc, and Parametric Portfolio Associates LLC. Company insiders that have sold Washington Prime Group company stock in the last year include Joshua Lindimore, and Stephan Gerber. View insider buying and selling activity 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 Russell Investments Group Ltd., Virtus ETF Advisers LLC, Wolverine Asset Management LLC, Lido Advisors LLC, Nuveen Asset Management LLC, Geode Capital Management LLC, Wells Fargo & Company MN, and SG Americas Securities LLC. 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 activity 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 $0.71.

How big of a company is Washington Prime Group?

Washington Prime Group has a market capitalization of $133.87 million and generates $661.48 million in revenue each year. The real estate investment trust earns $4.27 million in net income (profit) each year or $1.18 on an earnings per share basis. Washington Prime Group employs 727 workers across the globe.

What is Washington Prime Group's official website?

The official website for Washington Prime Group is 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]

This page was last updated on 6/4/2020 by MarketBeat.com Staff

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