ClariVest Asset Management LLC lessened its holdings in Washington Prime Group Inc. (NYSE:WPG) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,245,307 shares of the real estate investment trust’s stock after selling 277,644 shares during the period. ClariVest Asset Management LLC owned approximately 0.67% of Washington Prime Group worth $10,372,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in WPG. Wells Fargo & Company MN increased its position in Washington Prime Group by 24.8% during the second quarter. Wells Fargo & Company MN now owns 301,957 shares of the real estate investment trust’s stock valued at $2,527,000 after acquiring an additional 59,916 shares during the last quarter. Prudential Financial Inc. increased its position in Washington Prime Group by 34.4% during the second quarter. Prudential Financial Inc. now owns 3,020,982 shares of the real estate investment trust’s stock valued at $25,285,000 after acquiring an additional 773,931 shares during the last quarter. BlackRock Inc. increased its position in Washington Prime Group by 0.9% during the second quarter. BlackRock Inc. now owns 24,651,964 shares of the real estate investment trust’s stock valued at $206,338,000 after acquiring an additional 217,715 shares during the last quarter. Kempen Capital Management N.V. increased its position in Washington Prime Group by 19.3% during the second quarter. Kempen Capital Management N.V. now owns 441,246 shares of the real estate investment trust’s stock valued at $3,694,000 after acquiring an additional 71,316 shares during the last quarter. Finally, Private Management Group Inc. bought a new position in Washington Prime Group during the second quarter valued at $9,928,000. Institutional investors own 90.05% of the company’s stock.
A number of research analysts have weighed in on WPG shares. Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. ValuEngine lowered shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet raised shares of Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Finally, BidaskClub raised shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Washington Prime Group presently has an average rating of “Hold”.
Shares of Washington Prime Group Inc. (NYSE WPG) traded up $0.05 on Friday, hitting $7.34. 2,020,815 shares of the stock were exchanged, compared to its average volume of 2,490,719. The stock has a market capitalization of $1,350.00, a price-to-earnings ratio of 4.22 and a beta of 0.93. Washington Prime Group Inc. has a 1 year low of $6.71 and a 1 year high of $10.97. 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 released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). Washington Prime Group had a return on equity of 16.17% and a net margin of 21.85%. The business had revenue of $179.32 million during the quarter, compared to analysts’ expectations of $188.54 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was down 14.6% compared to the same quarter last year. equities analysts forecast that Washington Prime Group Inc. will post 1.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 13.62%. The ex-dividend date of this dividend is Thursday, November 30th. Washington Prime Group’s dividend payout ratio (DPR) is presently 138.89%.
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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.
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