Washington Prime Group (WPG) Receiving Somewhat Favorable News Coverage, Analysis Shows

News articles about Washington Prime Group (NYSE:WPG) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Washington Prime Group earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.9115700622163 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s rankings:

Washington Prime Group (NYSE:WPG) traded up $0.04 during mid-day trading on Monday, hitting $5.67. The stock had a trading volume of 3,714,749 shares, compared to its average volume of 2,609,433. The firm has a market cap of $1,046.01, a P/E ratio of 6.59 and a beta of 0.74. 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 $5.40 and a 1-year high of $9.79.

A number of brokerages have weighed in on WPG. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Boenning Scattergood reissued a “sell” rating on shares of Washington Prime Group in a research note on Friday, October 27th. Finally, SunTrust Banks set a $8.00 price target on Washington Prime Group and gave the stock a “hold” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.00.

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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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