Just the Facts on Washington Prime Group Inc. (WPG)

Ebony Scott
July 17, 2017

Independent Advisor Alliance bought a new position in shares of Washington Prime Group during the first quarter valued at $238,000. Citadel Advisors LLC expanded its investment by buying 156,429 shares an increase of 200.0% as of 03/31/2016. LLC boosted its position in shares of Washington Prime Group by 1.5% in the first quarter. Comerica Bank now owns 136,372 shares of the real estate investment trust's stock valued at $1,372,000 after buying an additional 7,884 shares during the last quarter. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Investors may also be paying close concentration to some simple moving average indicators on shares of Washington Prime Group Inc. 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 during the last quarter.

In other news, CEO Louis G. Conforti acquired 12,125 shares of the business's stock in a transaction dated Friday, May 5th. The stock of Washington Prime Group Inc (NYSE:WPG) has "Neutral" rating given on Friday, January 22 by SunTrust. (NYSE WPG) traded up 1.09% during trading on Wednesday, hitting $8.35. (MEET) declined -0.57% and its total traded volume was 0.52 million shares contrast to the average volume of 1.51 million shares. Washington Prime Group, L.P. (WPG L.P.) is the Business's majority-owned partnership subsidiary that owns, develops and manages, through its affiliates, all of WPG Inc.'s real estate properties and other assets. The company maintains price to book ratio of 1.92. The lowest price the stock reached in the last trading day was $8.31 and compares with the $7.31 52-week low.

Washington Prime Group Inc Cmn (NYSE:WPG) shares traded on -0.12% down secure line and closed at $8.26.

Whereas they predicted High and Low Earnings Estimate as $0.66 and $0.66 respectively. (TMUS) have 837.82 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Washington Prime Group had a return on equity of 6.36% and a net margin of 8.13%. While in the same Quarter Previous year, the Actual EPS was $0.1. For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. The company recently announced a dividend for shareholders that was paid on Thu Jun 15, 2017. Investors of record on Thursday, June 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This dividend amount represented a yeild of $11.33.

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Currently, EPS of Washington Prime Group Inc.

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WPG has been the topic of several research reports. Zacks Investment Research upgraded Washington Prime Group from a "hold" rating to a "buy" rating and set a $9.25 price target for the company in a research report on Wednesday, May 10th. Wall Street is only getting neutral on the stock, with 1 of analysts who cover MGLN having a buy-equivalent rating. Finally, Norges Bank bought a new position in shares of Washington Prime Group during the fourth quarter worth $19,388,000. Following the completion of the transaction, the chief executive officer now directly owns 40,825 shares in the company, valued at $336,806.25. The shares were acquired at an average price of $8.25 per share, with a total value of $100,031.25. Envestnet Asset Management Inc. now owns 89,525 shares of the real estate investment trust's stock valued at $778,000 after buying an additional 14,184 shares during the last quarter. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

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