Washington Prime Group Inc. (NYSE:WPG) Shares Bought by Morgan Stanley

Morgan Stanley increased its position in Washington Prime Group Inc. (NYSE:WPG) by 1.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,689,856 shares of the real estate investment trust’s stock after buying an additional 53,761 shares during the period. Morgan Stanley owned 1.99% of Washington Prime Group worth $32,064,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Comerica Bank boosted its stake in Washington Prime Group by 6.1% in the fourth quarter. Comerica Bank now owns 136,372 shares of the real estate investment trust’s stock worth $1,372,000 after buying an additional 7,884 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Washington Prime Group by 188.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 39,445 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 25,776 shares during the last quarter. Federated Investors Inc. PA raised its position in Washington Prime Group by 4.8% in the fourth quarter. Federated Investors Inc. PA now owns 144,579 shares of the real estate investment trust’s stock valued at $1,505,000 after buying an additional 6,584 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Washington Prime Group by 55.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 75,341 shares of the real estate investment trust’s stock valued at $784,000 after buying an additional 26,789 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in Washington Prime Group during the fourth quarter valued at approximately $2,861,000. 89.94% of the stock is currently owned by institutional investors.

Washington Prime Group Inc. (NYSE WPG) traded down 5.43% during mid-day trading on Friday, hitting $9.06. 4,959,823 shares of the stock traded hands. Washington Prime Group Inc. has a 12 month low of $7.31 and a 12 month high of $14.15. The stock has a market cap of $1.68 billion, a P/E ratio of 11.01 and a beta of 0.92. The stock has a 50-day moving average price of $8.52 and a 200-day moving average price of $8.76.

Washington Prime Group (NYSE:WPG) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.06. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. The business had revenue of $189.17 million during the quarter, compared to analysts’ expectations of $197.69 million. During the same quarter in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities analysts forecast that Washington Prime Group Inc. will post $1.05 earnings per share for the current year.

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Several research firms recently commented on WPG. Boenning Scattergood reiterated a “hold” rating on shares of Washington Prime Group in a research report on Friday. TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday. BidaskClub upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating, Washington Prime Group presently has a consensus rating of “Hold” and an average price target of $9.25.

In other news, CEO Louis G. Conforti purchased 12,125 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was acquired at an average price of $8.25 per share, with a total value of $100,031.25. Following the purchase, the chief executive officer now directly owns 40,825 shares in the company, valued at approximately $336,806.25. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

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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