Washington Prime Group (WPG) Getting Somewhat Positive News Coverage, Analysis Shows
Headlines about Washington Prime Group (NYSE:WPG) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media 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 negative one to positive one, with scores closest to one being the most favorable. Washington Prime Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.8233792993885 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Zacks: Analysts Set $7.75 Price Target for Washington Prime Group Inc. (WPG) (americanbankingnews.com)
- Washington Prime Group Inc. (WPG) Reaches $7.02 After 8.00% Up Move; Integrated Device Tech (IDTI) Shorts Up By … – Hill Country Times (hillcountrytimes.com)
- Hot Tickers: Washington Prime Group Inc. (WPG), Tractor Supply Company (TSCO) – Market Movers (financialqz.com)
- Washington Prime Group: Assessing The Risk Of A Dividend Cut – Seeking Alpha (seekingalpha.com)
- Washington Prime Group (WPG) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
Several brokerages have recently commented on WPG. BidaskClub lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Boenning Scattergood lowered Washington Prime Group from a “neutral” rating to an “under perform” rating in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.
Washington Prime Group (NYSE:WPG) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). Washington Prime Group had a net margin of 21.85% and a return on equity of 16.17%. The company had revenue of $179.32 million for the quarter, compared to analyst estimates of $188.54 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. research analysts expect that Washington Prime Group will post 1.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 14.64%. Washington Prime Group’s dividend payout ratio is currently 116.28%.
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.
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