Washington Prime Group Inc. (WPG) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. raised its stake in shares of Washington Prime Group Inc. (NYSE:WPG) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,551 shares of the real estate investment trust’s stock after purchasing an additional 6,821 shares during the quarter. UBS Asset Management Americas Inc. owned 0.22% of Washington Prime Group worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in WPG. Creative Planning lifted its position in Washington Prime Group by 26.9% during the second quarter. Creative Planning now owns 12,772 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 2,710 shares during the last quarter. Timber Hill LLC bought a new stake in Washington Prime Group during the second quarter valued at approximately $113,000. Riverhead Capital Management LLC lifted its position in Washington Prime Group by 71.4% during the second quarter. Riverhead Capital Management LLC now owns 13,885 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 5,785 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Washington Prime Group by 13.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,322 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 1,742 shares during the last quarter. Finally, GAM Holding AG lifted its position in Washington Prime Group by 0.7% during the second quarter. GAM Holding AG now owns 15,305 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

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WPG has been the subject of several research analyst reports. TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Washington Prime Group in a research report on Friday, July 28th. Finally, ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold”.

Shares of Washington Prime Group Inc. (NYSE WPG) opened at 8.80 on Thursday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 9.57 and a beta of 0.95. Washington Prime Group Inc. has a one year low of $7.31 and a one year high of $12.18. The stock has a 50 day moving average of $8.40 and a 200-day moving average of $8.48.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.36%. Washington Prime Group’s dividend payout ratio is currently 108.70%.

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.

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

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