Washington Prime Group Inc. (NYSE:WPG)‘s stock had its “hold” rating reissued by Boenning Scattergood in a report issued on Friday, July 28th.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Washington Prime Group from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a report on Wednesday, May 10th. TheStreet raised shares of Washington Prime Group from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. BidaskClub upgraded shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine cut shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.25.

Washington Prime Group (WPG) opened at 9.13 on Friday. Washington Prime Group has a 12-month low of $7.31 and a 12-month high of $14.15. The company’s 50 day moving average price is $8.71 and its 200-day moving average price is $8.69. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 9.92 and a beta of 0.95.

Washington Prime Group (NYSE:WPG) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The company had revenue of $189.17 million during the quarter, compared to the consensus estimate of $197.69 million. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, analysts forecast that Washington Prime Group will post $1.05 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management raised its position in shares of Washington Prime Group by 1.9% in the second quarter. LSV Asset Management now owns 1,894,245 shares of the real estate investment trust’s stock worth $15,854,000 after buying an additional 34,500 shares during the last quarter. Timber Hill LLC bought a new position in shares of Washington Prime Group during the second quarter worth $113,000. JPMorgan Chase & Co. raised its position in shares of Washington Prime Group by 106.3% in the second quarter. JPMorgan Chase & Co. now owns 1,143,450 shares of the real estate investment trust’s stock worth $9,570,000 after buying an additional 589,313 shares during the last quarter. Private Management Group Inc. acquired a new stake in shares of Washington Prime Group during the second quarter worth approximately $9,928,000. Finally, Pacad Investment Ltd. raised its stake in shares of Washington Prime Group by 14.2% in the second quarter. Pacad Investment Ltd. now owns 34,150 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 4,250 shares in the last quarter. 92.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

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