Washington Prime Group Inc (NYSE:WPG) - Research analysts at Boenning Scattergood decreased their Q2 2017 earnings per share (EPS) estimates for Washington Prime Group in a report issued on Friday, according to Zacks Investment Research. Washington Prime Group earned a media sentiment score of 0.43 on AlphaOne's scale. In addition, redevelopment costs associated with the properties will now be a shared expense between the two companies. Finally, Spectrum Management Group Inc. acquired a new position in Washington Prime Group during the first quarter worth approximately $114,000.
Washington Prime Group (NYSE:WPG) traded down 1.802% on Wednesday, hitting $7.355.
ROA ratio indicates how profitable a company is relative to its total assets. The company's current price-earnings ratio amounts to 26.67 times earnings, below the average P/E ratio of 28.20 times earnings. The firm's 50-day moving average is $8.68 and its 200 day moving average is $9.43. Washington Prime Group Inc has a 52-week low of $7.31 and a 52-week high of $14.15.
Washington Prime Group (NYSE:WPG) last released its quarterly earnings data on Wednesday, April 26th. The company provided earnings per share (EPS) guidance of $0.40 - $0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.42. Its revenue totaled $198.72 million down -8.76% from the previous quarter. Washington Prime Group had a negative net margin of 6.87% and a negative return on equity of 5.18%. The business's revenue was down 3.6% on a year-over-year basis. During the same period past year, the business earned $0.42 EPS.More news: SPDR S&P Metals and Mining Target of Unusually High Options Trading (XME)
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Currently Washington Prime Group Inc Cmn (NYSE:WPG)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 94.4%.
Washington Prime Group Inc. was covered by a number of analysts recently, 0 rated the stock as Buy, 0 rated Outperform, 3 rated Hold, 0 gave an Underperform and 0 rated sell. If you are viewing this news story on another publication, it was stolen and reposted in violation of USA & worldwide copyright & trademark law. The correct version of this article can be accessed at https://sportsperspectives.com/2017/05/17/favorable-news-coverage-very-likely-to-impact-washington-prime-group-wpg-stock-price-updated-updated.html. Also, EVP Robert P. Demchak acquired 6,140 shares of the stock in a transaction that occurred on Monday, March 27th. During the session shares stayed in the range from $8.00 to $7.50. Following the acquisition, the chief executive officer now directly owns 28,700 shares of the company's stock, valued at $249,116. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The average volume stands around 2.81 million shares. The disclosure for this purchase can be found here. Insiders bought a total of 53,084 shares of company stock valued at $449,180 over the last quarter. Wall Street is only getting neutral on the stock, with 0 of analysts who cover WPG having a buy-equivalent rating. The share price of the stock plunged -10.09% for the year. Stephens Inc. AR boosted its stake in Washington Prime Group by 5.2% in the first quarter. Martingale Asset Management L P increased its position in shares of Washington Prime Group by 21.5% in the fourth quarter. KRV Capital LP now owns 1,820,159 shares of the real estate investment trust's stock valued at $15,817,000 after buying an additional 1,520,159 shares during the period. (WPG) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.
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 owns, develops and manages enclosed retail properties and community centers.