News stories about Washington Prime Group (NYSE:WPG) have been trending positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Washington Prime Group earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.8079363038973 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several research analysts have recently commented on WPG shares. ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Boenning Scattergood restated a “sell” rating on shares of Washington Prime Group in a research note on Friday, October 27th. 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. Washington Prime Group currently has an average rating of “Hold”.

Washington Prime Group (WPG) opened at $7.10 on Tuesday. Washington Prime Group has a 12 month low of $6.62 and a 12 month high of $10.40. The company has a market cap of $1,320.00, a price-to-earnings ratio of 9.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07.

Washington Prime Group (NYSE:WPG) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $188.54 million. During the same quarter last year, the company earned $0.46 EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. research analysts forecast that Washington Prime Group will post 1.63 earnings per share for the current year.

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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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