News headlines about Washington Prime Group (NYSE:WPG) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.2384018470702 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
Several research firms have weighed in on WPG. Boenning Scattergood reaffirmed a “hold” rating on shares of Washington Prime Group in a research report on Friday, July 28th. TheStreet raised Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub raised Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. Washington Prime Group presently has a consensus rating of “Hold”.
Washington Prime Group (NYSE WPG) opened at $7.29 on Friday. Washington Prime Group has a 52-week low of $6.71 and a 52-week high of $10.97. The company has a market capitalization of $1,335.84, a PE ratio of 4.31 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07.
Washington Prime Group (NYSE:WPG) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). Washington Prime Group had a return on equity of 16.17% and a net margin of 21.85%. The company had revenue of $179.32 million for the quarter, compared to analyst estimates of $188.54 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. research analysts predict that Washington Prime Group will post 1.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date is Thursday, November 30th. Washington Prime Group’s dividend payout ratio is presently 116.28%.
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About Washington Prime Group
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.
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