Great West Life Assurance Co. Can increased its position in Washington Prime Group Inc. (NYSE:WPG) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,912 shares of the real estate investment trust’s stock after buying an additional 311 shares during the period. Great West Life Assurance Co. Can owned approximately 0.11% of Washington Prime Group worth $1,704,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. ProShare Advisors LLC boosted its stake in shares of Washington Prime Group by 15.1% in the first quarter. ProShare Advisors LLC now owns 111,901 shares of the real estate investment trust’s stock worth $765,000 after buying an additional 14,662 shares during the last quarter. LSV Asset Management boosted its stake in shares of Washington Prime Group by 31.3% in the first quarter. LSV Asset Management now owns 1,859,745 shares of the real estate investment trust’s stock worth $16,161,000 after buying an additional 442,939 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of Washington Prime Group during the first quarter worth approximately $238,000. Chicago Equity Partners LLC bought a new stake in shares of Washington Prime Group during the first quarter worth approximately $1,765,000. Finally, BlackRock Inc. boosted its stake in shares of Washington Prime Group by 6,927.1% in the first quarter. BlackRock Inc. now owns 24,434,249 shares of the real estate investment trust’s stock worth $212,335,000 after buying an additional 24,086,536 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Shares of Washington Prime Group Inc. (WPG) opened at 8.52 on Wednesday. The stock has a market cap of $1.58 billion, a PE ratio of 9.26 and a beta of 0.95. The company’s 50 day moving average price is $8.80 and its 200 day moving average price is $8.61. Washington Prime Group Inc. has a 52-week low of $7.31 and a 52-week high of $14.15.

Washington Prime Group (NYSE:WPG) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $189.17 million during the quarter, compared to the consensus estimate of $197.69 million. During the same period last year, the firm earned $0.45 EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts anticipate that Washington Prime Group Inc. will post $0.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.74%. Washington Prime Group’s payout ratio is 108.70%.

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A number of analysts have commented on WPG shares. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Boenning Scattergood cut Washington Prime Group from a “neutral” rating to an “under perform” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine cut Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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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