What Do Analysts Say About Washington Prime Group Inc. (WPG)

Postado Julho 17, 2017

(NYSE:WPG) by 47.7% during the first quarter, Holdings Channel reports.

Magellan Health, Inc. has a consensus hold rating from 5 Wall Street analysts, and the number of shares now sold short amount to at least 1.01% of shares outstanding. Comerica Bank increased its position in shares of Washington Prime Group by 6.1% in the fourth quarter. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, July 26th.

Many analysts are providing their Estimated Earnings analysis for Washington Prime Group Inc. and for the current quarter 1 analysts have projected that the stock could give an Average Earnings estimate of $0.66/share. The company had revenue of $202.39 million during the quarter, compared to analysts' expectations of $198.72 million. So far, analysts are sticking with their bearish recommendations with the consensus call at 3.

Whereas they predicted High and Low Earnings Estimate as $0.66 and $0.66 respectively. Next quarter's EPS is forecasted at $0.23 with next year's EPS anticipated to be $0.33.

While having a peek at profitability ratios Washington Prime Group Inc Cmn (NYSE:WPG) has trailing twelve month gross margin at 67.9%, its trailing twelve month operating margin stands at 25.6% whereas its trailing twelve month net profit margin spots at 6.4%. Washington Prime Group's quarterly revenue was down 3.6% compared to the same quarter a year ago. Technical analysts have little regard for the value of a company.

WPG has been the topic of several recent research reports. Zacks Investment Research raised shares of Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 3rd. Goldman had a markedly different take on 15/07/2016, proposing that WPG is now considered Neutral versus prior Buy rating. Washington Prime Group's dividend payout ratio (DPR) is presently 500.00%.

Last time, the company shocked Wall Street by reporting EPS of $0.05, smashing the consensus of $0.05 per share. If you are reading this piece on another website, it was stolen and reposted in violation of USA & global copyright and trademark law.

Washington Prime Group Inc Cmn (NYSE:WPG) shares traded on -0.12% down secure line and closed at $8.26. Envestnet Asset Management Inc. increased its position in shares of Washington Prime Group by 55.2% in the fourth quarter. The company's stock has a normal trading capacity of 2.89M shares while the relative volume is 0.69. For the current year the company's revenue estimates are $797.65 Million compared to low analyst estimates of $786.6 Million and high estimates of $808.69 Million according to the prediction of 2 analysts.

Market Capitalization can be thought of as the overall price to buy the company. The company has a 50-day moving average price of $7.98 and a 200-day moving average price of $8.97. The dividend payment was $0.250 per share for the quarter or $1.00 on an annualized basis. The ex-dividend date of this dividend was Tuesday, May 30th. The dividend yield was $12.09.

Washington Prime Group Inc. The stock was bought at an average cost of $8.25 per share, with a total value of $100,031.25.

In other Washington Prime Group news, CEO Louis G. Conforti acquired 12,125 shares of the company's stock in a transaction that occurred on Friday, May 5th. As of quarter end Citadel Advisors LLC had acquired a total of 156,429 shares growing its position 200.0%. ProShare Advisors LLC boosted its stake in Washington Prime Group by 15.1% in the first quarter. The legal version of this news story can be read at https://www.thestockobserver.com/2017/07/16/jpmorgan-chase-co-reduces-stake-in-washington-prime-group-inc-nysewpg-updated.html. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the real estate investment trust's stock worth $109,000 after buying an additional 1,137 shares in the last quarter. Finally, ValuEngine cut shares of Washington Prime Group from a "buy" rating to a "hold" rating in a research note on Tuesday, June 6th.

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 Firm owns, develops and manages enclosed retail properties and community centers.