Washington Prime Group Inc. (WPG) Stake Increased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its position in shares of Washington Prime Group Inc. (NYSE:WPG) by 27.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,072,350 shares of the real estate investment trust’s stock after acquiring an additional 232,229 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.58% of Washington Prime Group worth $8,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Comerica Bank lifted its stake in Washington Prime Group by 4.5% in the 1st quarter. Comerica Bank now owns 142,576 shares of the real estate investment trust’s stock valued at $1,275,000 after purchasing an additional 6,204 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Washington Prime Group by 20.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 394,730 shares of the real estate investment trust’s stock valued at $3,426,000 after purchasing an additional 66,085 shares during the last quarter. Stifel Financial Corp lifted its stake in Washington Prime Group by 3.1% in the 1st quarter. Stifel Financial Corp now owns 129,728 shares of the real estate investment trust’s stock valued at $1,127,000 after purchasing an additional 3,841 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Washington Prime Group by 23.4% in the 1st quarter. OppenheimerFunds Inc. now owns 143,151 shares of the real estate investment trust’s stock valued at $1,244,000 after purchasing an additional 27,133 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Washington Prime Group by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 749,290 shares of the real estate investment trust’s stock valued at $6,511,000 after purchasing an additional 16,524 shares during the last quarter. 92.00% of the stock is owned by institutional investors.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet raised shares of Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Washington Prime Group in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

TRADEMARK VIOLATION WARNING: “Washington Prime Group Inc. (WPG) Stake Increased by Parametric Portfolio Associates LLC” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/15/washington-prime-group-inc-wpg-stake-increased-by-parametric-portfolio-associates-llc.html.

Washington Prime Group Inc. (WPG) opened at 8.67 on Friday. Washington Prime Group Inc. has a 52 week low of $7.31 and a 52 week high of $12.18. The company has a 50-day moving average of $8.40 and a 200 day moving average of $8.49. The company has a market cap of $1.61 billion, a P/E ratio of 9.42 and a beta of 0.95.

Washington Prime Group (NYSE:WPG) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. The business had revenue of $189.17 million during the quarter, compared to analysts’ expectations of $197.69 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts forecast that Washington Prime Group Inc. will post $0.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 11.53%. Washington Prime Group’s dividend payout ratio is presently 108.70%.

Washington Prime Group Profile

Washington 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.

Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

Receive News & Ratings for Washington Prime Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Prime Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply