Washington Prime Group Inc Cmn (WPG) — Trending Stock Buzz

Hedge funds and other institutional investors own 89.78% of the company's stock. Independent Advisor Alliance bought a new position in shares of Washington Prime Group during the first quarter valued at $238,000. Citadel Advisors LLC added to its investment by buying 156,429 shares an increase of 200.0% in the quarter. LLC boosted its position in shares of Washington Prime Group by 1.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the real estate investment trust's stock worth $109,000 after buying an additional 1,137 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Washington Prime Group during the fourth quarter worth $2,861,000. The firm exchanged a volume of 1.81 million shares at hands.

Washington Prime Group Inc Cmn (NYSE:WPG) has average revenue estimates of $197.69 Million, compared to low analyst estimates of $193.7 Million and high estimates of $201.68 Million for the current quarter. Federated Investors Inc. PA now owns 144,579 shares of the real estate investment trust's stock valued at $1,505,000 after buying an additional 6,584 shares during the last quarter.

In other Washington Prime Group news, CEO Louis G. Conforti purchased 12,125 shares of the stock in a transaction on Friday, May 5th. (NYSE:WPG) notched a 12-month high of $8.30 while $9.00 target is by far the most aggressive out of analysts who are now evaluating WPG, $0.7 higher than the next highest 52-week price estimate. It's now trading about -8.33% below its 52-week high. The Average True Range, a measure of volatility is at 0.26, however its weekly and monthly volatility is 2.46%, 3.06% respectively. Washington Prime Group has a 52-week low of $7.31 and a 52-week high of $14.15. This change led market cap to move at $1.54B, putting the price -41.63% below the 52-week high and 13.00% above the 52-week low.

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Company chares are trading at $8.83 which is slightly above the 50 day moving average of $7.98 and which is marginally lower than the 200 day moving average of $8.97.

Washington Prime Group (NYSE:WPG) last posted its quarterly earnings data on Wednesday, April 26th. Analysts are forecasting earnings of $0.4 on a per share basis this quarter. Similarly, full-year sales forecasts have ranged between $786.6 Million and $808.69 Million. The Return on Equity (ROE) value stands at 6%. The business's quarterly revenue was down 3.6% compared to the same quarter previous year. (WPG) is 0.05 while the analysts predicted the EPS of the stock to be 0.05 suggesting the company fell short of the analysts' expectations.

Shares of Washington Prime Group Inc Cmn (NYSE:WPG) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 2 while industry rank of the company by ABR is 215 out of 265. Stockholders of record on Thursday, June 1st were paid a $0.25 dividend. The ex-dividend date was Tuesday, May 30th. This dividend amount represented a yeild of $11.33.

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01/22/2016 - Washington Prime Group Inc. was downgraded to " by analysts at SunTrust.

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Several brokerages have recently weighed in on WPG. Zacks Investment Research raised shares of Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 3rd. BidaskClub upgraded Washington Prime Group from a "sell" rating to a "hold" rating in a report on Tuesday, June 27th. Finally, ValuEngine cut Washington Prime Group from a "buy" rating to a "hold" rating in a research report on Tuesday, June 6th. Ubs Asset Management Americas Inc downsized its holdings by shedding 10,811 shares a decrease of 19.9% as of 06/30/2016. Also, it has an estimated price-earnings (P/E) multiple of 25.3 and a trailing 12-month price-earnings (P/E) multiple of 29.72. Following the completion of the purchase, the chief executive officer now directly owns 40,825 shares in the company, valued at $336,806.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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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