Washington Prime Group Inc Expected to Earn Q1 2019 Earnings of $0.39 Per Share (WPG)

Washington Prime Group Inc (NYSE:WPG) – Equities research analysts at Boenning Scattergood issued their Q1 2019 earnings per share estimates for shares of Washington Prime Group in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings of $0.39 per share for the quarter. Boenning Scattergood currently has a “Sell” rating on the stock. Boenning Scattergood also issued estimates for Washington Prime Group’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.56 EPS.

Washington Prime Group (NYSE:WPG) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The business had revenue of $179.32 million for the quarter, compared to the consensus estimate of $188.54 million. Washington Prime Group had a net margin of 21.85% and a return on equity of 16.17%. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS.

A number of other research firms also recently issued reports on WPG. ValuEngine raised Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold”.

Washington Prime Group (WPG) traded up $0.16 during trading hours on Wednesday, reaching $7.07. The company’s stock had a trading volume of 2,174,000 shares, compared to its average volume of 2,991,135. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. Washington Prime Group has a 1-year low of $6.62 and a 1-year high of $10.40. The company has a market cap of $1,300.00, a P/E ratio of 9.82 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.14%. The ex-dividend date was Thursday, November 30th. Washington Prime Group’s payout ratio is 138.89%.

Large investors have recently added to or reduced their stakes in the business. Chilton Capital Management LLC bought a new stake in Washington Prime Group in the 2nd quarter worth approximately $101,000. Jane Street Group LLC bought a new stake in Washington Prime Group in the 3rd quarter worth approximately $104,000. Shelton Capital Management bought a new stake in Washington Prime Group in the 2nd quarter worth approximately $111,000. Riverhead Capital Management LLC increased its stake in Washington Prime Group by 71.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,885 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 5,785 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Washington Prime Group by 13.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,322 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 1,742 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Washington Prime Group (NYSE:WPG)

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