Washington Prime Group (WPG) Set to Announce Quarterly Earnings on Wednesday
Washington Prime Group (NYSE:WPG) will post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Washington Prime Group to post earnings of $0.08 per share for the quarter.
Shares of Washington Prime Group (WPG) opened at $5.63 on Wednesday. The stock has a market capitalization of $1,050.00, a price-to-earnings ratio of 7.82 and a beta of 0.75. Washington Prime Group has a 12-month low of $5.40 and a 12-month high of $9.79. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34.
Several equities research analysts have issued reports on the company. ValuEngine downgraded Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. SunTrust Banks set a $8.00 target price on Washington Prime Group and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.
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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