First Eagle Investment Management LLC lifted its stake in Washington Prime Group Inc. (NYSE:WPG) by 36.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,400 shares of the real estate investment trust’s stock after buying an additional 67,400 shares during the period. First Eagle Investment Management LLC owned approximately 0.14% of Washington Prime Group worth $2,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAM Holding AG lifted its stake in shares of Washington Prime Group by 0.7% in the second quarter. GAM Holding AG now owns 15,305 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 100 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Washington Prime Group by 2.0% in the second quarter. Amalgamated Bank now owns 26,509 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 524 shares in the last quarter. Comerica Bank lifted its stake in shares of Washington Prime Group by 0.6% in the second quarter. Comerica Bank now owns 143,362 shares of the real estate investment trust’s stock worth $1,300,000 after acquiring an additional 786 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Washington Prime Group by 1.3% in the second quarter. Arizona State Retirement System now owns 78,100 shares of the real estate investment trust’s stock worth $654,000 after acquiring an additional 1,000 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its stake in shares of Washington Prime Group by 1.5% in the second quarter. State Treasurer State of Michigan now owns 76,421 shares of the real estate investment trust’s stock worth $640,000 after acquiring an additional 1,100 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Shares of Washington Prime Group Inc. (WPG) traded down $0.15 during mid-day trading on Wednesday, reaching $7.05. The company had a trading volume of 2,421,300 shares, compared to its average volume of 2,498,612. Washington Prime Group Inc. has a 1-year low of $6.71 and a 1-year high of $10.97. The company has a market cap of $1,337.70, a price-to-earnings ratio of 4.31 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Washington Prime Group had a return on equity of 16.17% and a net margin of 21.85%. The business had revenue of $179.32 million during the quarter, compared to the consensus estimate of $188.54 million. During the same period last year, the company earned $0.46 earnings per share. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. sell-side analysts forecast that Washington Prime Group Inc. will post 1.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.18%. The ex-dividend date is Thursday, November 30th. Washington Prime Group’s dividend payout ratio (DPR) is 116.28%.

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WPG has been the topic of several research reports. Boenning Scattergood restated a “sell” rating on shares of Washington Prime Group in a research note on Friday, October 27th. ValuEngine cut Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. TheStreet raised Washington Prime Group from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Finally, BidaskClub raised Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold”.

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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