New York State Common Retirement Fund lowered its stake in shares of Washington Prime Group Inc. (NYSE:WPG) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 298,105 shares of the real estate investment trust’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.16% of Washington Prime Group worth $2,495,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Washington Prime Group by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 35,917,881 shares of the real estate investment trust’s stock worth $312,126,000 after acquiring an additional 977,722 shares during the last quarter. BlackRock Inc. lifted its position in Washington Prime Group by 0.9% during the 2nd quarter. BlackRock Inc. now owns 24,651,964 shares of the real estate investment trust’s stock valued at $206,338,000 after purchasing an additional 217,715 shares during the period. State Street Corp lifted its position in Washington Prime Group by 0.6% during the 1st quarter. State Street Corp now owns 8,566,191 shares of the real estate investment trust’s stock valued at $74,442,000 after purchasing an additional 52,274 shares during the period. Bank of New York Mellon Corp lifted its position in Washington Prime Group by 42.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,413,013 shares of the real estate investment trust’s stock valued at $53,677,000 after purchasing an additional 1,907,079 shares during the period. Finally, APG Asset Management US Inc. acquired a new position in Washington Prime Group during the 2nd quarter valued at about $40,827,000. 92.00% of the stock is currently owned by hedge funds and other institutional investors.

Washington Prime Group Inc. (NYSE:WPG) opened at 8.47 on Monday. Washington Prime Group Inc. has a 52-week low of $7.31 and a 52-week high of $12.18. The firm’s 50-day moving average is $8.41 and its 200-day moving average is $8.49. The firm has a market capitalization of $1.57 billion, a P/E ratio of 9.21 and a beta of 0.95.

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, topping the consensus estimate of $0.66 by $0.06. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The business had revenue of $189.17 million for the quarter, compared to analyst estimates of $197.69 million. During the same period last year, the company earned $0.45 EPS. Washington Prime Group’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities analysts expect that Washington Prime Group Inc. will post $0.94 earnings per share for the current year.

A number of research firms have issued reports on WPG. BidaskClub downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Boenning Scattergood restated a “hold” rating on shares of Washington Prime Group in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold”.

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Washington Prime Group 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.

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Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

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