Truist Securities upgraded shares of Washington Prime Group (NYSE:WPG) to a hold rating in a research report released on Monday morning, Stock Target Advisor reports.

Separately, Zacks Investment Research lowered shares of Washington Prime Group from a hold rating to a sell rating in a report on Thursday, February 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $8.25.

Shares of NYSE WPG opened at $2.31 on Monday. Washington Prime Group has a 1 year low of $1.69 and a 1 year high of $17.55. The firm’s 50-day moving average is $3.86 and its 200-day moving average is $6.98. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.66. The firm has a market capitalization of $56.15 million, a PE ratio of -6.79 and a beta of 1.36.

Washington Prime Group (NYSE:WPG) last announced its quarterly earnings data on Monday, March 15th. The real estate investment trust reported ($5.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.07) by ($3.17). Washington Prime Group had a negative net margin of 8.92% and a negative return on equity of 7.77%. As a group, equities research analysts anticipate that Washington Prime Group will post 0.36 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ground Swell Capital LLC bought a new position in Washington Prime Group in the fourth quarter valued at approximately $68,000. State of Tennessee Treasury Department increased its holdings in Washington Prime Group by 17.9% during the 3rd quarter. State of Tennessee Treasury Department now owns 131,181 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 19,939 shares in the last quarter. Virtu Financial LLC bought a new position in Washington Prime Group during the 3rd quarter worth about $89,000. UBS Asset Management Americas Inc. raised its stake in shares of Washington Prime Group by 757.9% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 295,439 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 261,000 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Washington Prime Group by 14.9% in the third quarter. Public Employees Retirement System of Ohio now owns 329,436 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 42,626 shares in the last quarter. 58.87% of the stock is owned by institutional investors and hedge funds.

Washington Prime Group Company Profile

Washington Prime Group Inc is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.

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