Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Washington Prime Group Inc. (NYSE:WPG) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,992 shares of the real estate investment trust’s stock after buying an additional 52 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Washington Prime Group were worth $358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teza Capital Management LLC bought a new stake in Washington Prime Group during the first quarter valued at approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Washington Prime Group by 9.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,137 shares during the period. Creative Planning grew its position in Washington Prime Group by 26.9% during the second quarter. Creative Planning now owns 12,772 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,710 shares during the period. Daiwa Securities Group Inc. grew its position in Washington Prime Group by 31.0% during the first quarter. Daiwa Securities Group Inc. now owns 14,353 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 3,400 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Washington Prime Group during the first quarter valued at approximately $131,000. Institutional investors own 92.03% of the company’s stock.

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A number of equities analysts have weighed in on WPG shares. TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine lowered shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Washington Prime Group in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.25.

Washington Prime Group Inc. (NYSE:WPG) opened at 8.48 on Friday. The firm has a 50 day moving average of $8.63 and a 200-day moving average of $8.50. Washington Prime Group Inc. has a 52-week low of $7.31 and a 52-week high of $12.78. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.22 and a beta of 0.95.

Washington Prime Group (NYSE:WPG) last issued 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 business 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 business’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Equities analysts expect that Washington Prime Group Inc. will post $0.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.79%. Washington Prime Group’s payout ratio is 108.70%.

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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