BNP Paribas Arbitrage SA Decreases Stake in Washington Prime Group Inc. (WPG)

BNP Paribas Arbitrage SA lowered its position in shares of Washington Prime Group Inc. (NYSE:WPG) by 22.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 85,163 shares of the real estate investment trust’s stock after selling 24,629 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Washington Prime Group were worth $713,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. State Treasurer State of Michigan grew its holdings in shares of Washington Prime Group by 0.9% during the 1st quarter. State Treasurer State of Michigan now owns 75,321 shares of the real estate investment trust’s stock worth $655,000 after purchasing an additional 700 shares during the period. Comerica Bank grew its holdings in shares of Washington Prime Group by 0.6% during the 2nd quarter. Comerica Bank now owns 143,362 shares of the real estate investment trust’s stock worth $1,300,000 after purchasing an additional 786 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Washington Prime Group by 1.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 65,082 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 900 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Washington Prime Group by 2.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 46,800 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 1,000 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Washington Prime Group by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 78,100 shares of the real estate investment trust’s stock worth $654,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

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Washington Prime Group Inc. (NYSE WPG) opened at 8.36 on Monday. The stock has a market cap of $1.55 billion, a PE ratio of 9.09 and a beta of 0.95. The firm has a 50-day moving average price of $8.74 and a 200-day moving average price of $8.54. Washington Prime Group Inc. has a 12-month low of $7.31 and a 12-month high of $13.51.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The business had revenue of $189.17 million for the quarter, compared to analyst estimates of $197.69 million. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS. Analysts forecast that Washington Prime Group Inc. will post $0.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date of this dividend is Wednesday, August 30th. Washington Prime Group’s dividend payout ratio is 108.70%.

WPG has been the subject of a number of research reports. BidaskClub upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, July 31st. TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. ValuEngine cut Washington Prime Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Washington Prime Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, Boenning Scattergood restated a “hold” rating on shares of Washington Prime Group in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.25.

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.

Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

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