Washington Prime Group (WPG) Given Daily News Sentiment Score of 0.11
Press coverage about Washington Prime Group (NYSE:WPG) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Washington Prime Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.6282658389407 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Volume Moving the Tape For Washington Prime Group Inc (WPG) – FLBC News (flbcnews.com)
- Washington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : August 29, 2017 (finance.yahoo.com)
- Boenning & Scattergood Downgrades Washington Prime Group (WPG) to Underperform (streetinsider.com)
- Pre-Market Technical Pulse on Property Management Stocks — Washington Prime, CBRE Group, Forest City Realty … – Markets Insider (markets.businessinsider.com)
- Pre-Market Technical Pulse on Property Management Stocks — Washington Prime, CBRE Group, Forest City Realty … – PR Newswire (press release) (prnewswire.com)
Several equities analysts have recently commented on the stock. Boenning Scattergood downgraded shares of Washington Prime Group from a “neutral” rating to an “under perform” rating in a research note on Wednesday, August 23rd. BidaskClub raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. 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 research note on Wednesday, May 10th. ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, TheStreet raised shares of Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Washington Prime Group has an average rating of “Hold” and an average price target of $9.25.
Shares of Washington Prime Group (NYSE:WPG) traded up 1.632% during trading on Wednesday, hitting $8.405. 1,362,030 shares of the stock traded hands. The stock has a market cap of $1.56 billion, a PE ratio of 9.136 and a beta of 0.95. The firm’s 50-day moving average price is $8.80 and its 200-day moving average price is $8.61. Washington Prime Group has a 12 month low of $7.31 and a 12 month high of $14.15.
Washington Prime Group (NYSE:WPG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The firm had revenue of $189.17 million for the quarter, compared to analysts’ expectations 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 was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. Analysts anticipate that Washington Prime Group will post $0.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 11.74%. Washington Prime Group’s payout ratio is currently 108.70%.
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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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