Headlines about Washington Prime Group (NYSE:WPG) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Washington Prime Group earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.9115700622163 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Washington Prime Group (NYSE WPG) opened at $6.90 on Friday. The firm has a market capitalization of $1,280.00, a price-to-earnings ratio of 9.58 and a beta of 0.89. Washington Prime Group has a 52-week low of $6.62 and a 52-week high of $9.96. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07.
Washington Prime Group (NYSE:WPG) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). The company had revenue of $179.32 million during the quarter, compared to analysts’ expectations of $188.54 million. Washington Prime Group had a net margin of 21.85% and a return on equity of 16.17%. Washington Prime Group’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. analysts anticipate that Washington Prime Group will post 1.63 EPS for the current year.
Several brokerages have issued reports on WPG. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Boenning Scattergood restated a “sell” rating on shares of Washington Prime Group in a research note on Friday, October 27th. One 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”.
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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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