Washington Prime Group Inc (NYSE:WPG) – Investment analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for shares of Washington Prime Group in a note issued to investors on Tuesday, according to Zacks Investment Research. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will earn $0.39 per share for the quarter. Boenning Scattergood 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.
Several other analysts have also issued reports on WPG. ValuEngine raised shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold”.
Washington Prime Group (WPG) traded down $0.09 during midday trading on Wednesday, hitting $6.83. 1,872,912 shares of the stock traded hands, compared to its average volume of 2,876,833. Washington Prime Group has a one year low of $6.62 and a one year high of $10.09. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $1,270.00, a price-to-earnings ratio of 9.49 and a beta of 0.89.
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 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 during the quarter, compared to the consensus estimate of $188.54 million. During the same period in the prior year, the firm posted $0.46 EPS. The business’s revenue was down 14.6% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Washington Prime Group by 9.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,322,561 shares of the real estate investment trust’s stock valued at $23,657,000 after purchasing an additional 274,262 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Washington Prime Group by 26.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 287,344 shares of the real estate investment trust’s stock valued at $2,394,000 after purchasing an additional 59,749 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Washington Prime Group in the 3rd quarter valued at $1,190,000. Eii Capital Management Inc. purchased a new stake in shares of Washington Prime Group in the 3rd quarter valued at $390,000. Finally, California Public Employees Retirement System boosted its stake in shares of Washington Prime Group by 13.5% in the 3rd quarter. California Public Employees Retirement System now owns 671,681 shares of the real estate investment trust’s stock valued at $5,595,000 after purchasing an additional 80,146 shares in the last quarter. 89.83% of the stock is owned by institutional investors.
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Washington Prime Group Company 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.
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