Washington Prime Group Inc. (WPG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Washington Prime Group Inc. (NYSE:WPG) by 41.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,691 shares of the real estate investment trust’s stock after buying an additional 9,055 shares during the period. SG Americas Securities LLC’s holdings in Washington Prime Group were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WPG. Teza Capital Management LLC bought a new stake in Washington Prime Group in the 1st quarter valued at about $103,000. Creative Planning increased its position in Washington Prime Group by 26.9% in the 2nd quarter. Creative Planning now owns 12,772 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,710 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Washington Prime Group by 9.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,137 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Washington Prime Group by 31.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,353 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Washington Prime Group during the 1st quarter valued at about $131,000. 92.03% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. ValuEngine downgraded Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Boenning Scattergood downgraded Washington Prime Group from a “neutral” rating to an “under perform” rating in a research note on Wednesday, August 23rd. BidaskClub downgraded Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.25.

Washington Prime Group Inc. (NYSE:WPG) opened at 8.48 on Friday. The firm’s 50-day moving average price is $8.63 and its 200-day moving average price is $8.50. The firm has a market cap of $1.58 billion, a P/E ratio of 9.22 and a beta of 0.95. Washington Prime Group Inc. has a 1-year low of $7.31 and a 1-year high of $12.78.

Washington Prime Group (NYSE:WPG) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $197.69 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities research analysts anticipate that Washington Prime Group Inc. will post $0.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.79%. The ex-dividend date of this dividend was Wednesday, August 30th. Washington Prime Group’s dividend payout ratio is 108.70%.

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Washington Prime Group 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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Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

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