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Washington Prime Group Inc. (NYSE:WPG) Experiences Heavy Trading Volume

17 July 2017, 03:40 | Todd Saunders

Taking a look back at some historical performance numbers for Washington Prime Group Inc. The fund owned 228,377 shares of the real estate investment trust's stock after buying an additional 134,177 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Washington Prime Group during the first quarter worth about $108,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Washington Prime Group Inc Cmn (NYSE:WPG) shares traded on -0.12% down secure line and closed at $8.26. Tyers Asset Management LLC bought a new position in Washington Prime Group during the fourth quarter valued at approximately $103,000. Washington Prime Group reported earnings per share of $0.43 during the same quarter last year, which suggests a negative year-over-year growth rate of 7%. Comerica Bank now owns 136,372 shares of the real estate investment trust's stock worth $1,372,000 after buying an additional 7,884 shares in the last quarter. Massachusetts Financial Services Co. Teza Capital Management LLC acquired a new position in shares of Washington Prime Group during the first quarter valued at $103,000. Washington Prime Group's dividend payout ratio (DPR) is now 500.00%. While it's Return on Investment (ROI) value is 4.9%.

Shares of Washington Prime Group Inc. The rating was downgraded by SunTrust on Friday, January 22 to "Neutral".

JPMorgan Chase & Co. lowered its stake in shares of Washington Prime Group Inc. (NYSE WPG) traded up 1.09% during trading on Wednesday, hitting $8.35. (WPG) has made a move of +0.72% over the past month, which has come on Strong relative transaction volume. (WPG) now has a value of $8.83 while the company's 52 week low is at $7.31, the shares dropped to the 52 week low on 05/17/17. About shares traded. Washington Prime Group Inc (NYSE:WPG) has declined 18.81% since July 14, 2016 and is downtrending.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings data on Wednesday, April 26th. The company is expected to report EPS as high as $0.23 and as low as $0.23 per share. The firm had revenue of $202.39 million during the quarter, compared to analysts' expectations of $198.72 million.

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While having a peek at profitability ratios Washington Prime Group Inc Cmn (NYSE:WPG) has trailing twelve month gross margin at 67.9%, its trailing twelve month operating margin stands at 25.6% whereas its trailing twelve month net profit margin spots at 6.4%. They expect $0.41 earnings per share, down 4.65% or $0.02 from last year's $0.43 per share. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, analysts forecast that Washington Prime Group Inc. will post $1.05 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: "Washington Prime Group Inc".

Washington Prime Group Inc (WPG) formed wedge down with $8.10 target or 5.00% below today's $8.53 share price. If you are viewing this article on another website, it was stolen and republished in violation of USA & global trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/07/16/washington-prime-group-inc-nysewpg-shares-bought-by-vanguard-group-inc-updated.html. (NYSE:WPG). According to the most recently released broker notes, 0 analysts have a rating of "strong buy" on the stock, 0 analysts "buy", 3 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". For now, WPG is the toast of Wall Street as its ABR stands at 3.00 with 0 out of 3 analysts rating the stock a buy. Finally, ValuEngine cut Washington Prime Group from a "buy" rating to a "hold" rating in a research report on Tuesday, June 6th.

In other Washington Prime Group news, CEO Louis G. Conforti purchased 12,125 shares of the stock in a transaction on Friday, May 5th. EVP Keric M. Knerr acquired 6,119 shares at an average price of $8.17 on Tue the 28th. Ubs Asset Management Americas Inc downsized its holdings by shedding 10,811 shares a decrease of 19.9% as of 06/30/2016. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. The institutional investor owned 269,014 shares of the real estate investment trust's stock after selling 245,634 shares during the period.

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