Brokerages Anticipate Washington Prime Group Inc. (WPG) to Announce $0.40 EPS

Oceane Deschanel
Julho 17, 2017

Tyers Asset Management LLC acquired a new position in Washington Prime Group during the fourth quarter worth $103,000. Global X Management Co.

While looking at the Stock's Performance, Washington Prime Group Inc. now shows a Weekly Performance of -1.3%, where Monthly Performance is -0.71%, Quarterly performance is -6.49%, 6 Months performance is -20.7% and yearly performance percentage is -32.06%. 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. As of quarter end Massachusetts Financial Services Co /ma/ had disposed of a total of 5,892 shares trimming its stake by 2.4%. Teza Capital Management LLC purchased a new position in shares of Washington Prime Group during the first quarter worth approximately $103,000. The institutional investor owned 514,800 shares of the real estate investment trust's stock after buying an additional 34,546 shares during the period. Teacher Retirement System of Texas boosted its position in Washington Prime Group by 11.3% in the first quarter. The company was able to keep return on investment at 4.90% in the last twelve months. On January 22, 2016 the stock rating was set at "Neutral" by SunTrust Robinson Humphrey which is down from the previous "Buy" rating. Over the past 2 quarters, Washington Prime Group Inc. That's a potential -0.6 fall from where (NYSE:WPG) has been trading recently.

Ameren Corporation (NYSE:AEE) shares were trading higher by 1.1 percent ($0.59) at $54.4 a piece in Wednesday's session. (WPG) has the market capitalization of $1.54 Billion.

Company shares last traded at $8.35 slightly over the 50 day moving average which is $7.98 and which is a tad under the 200 day moving average of $8.97.

Analyst Thoughts About Washington Prime Group Inc. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $202.39 million for the quarter, compared to the consensus estimate of $198.72 million. Return on Equity (ROE) stands at 6% and Return on Investment (ROI) of 4.9 percent. The business's quarterly revenue was down 3.6% compared to the same quarter past year.

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Shares of Washington Prime Group Inc Cmn (NYSE:WPG) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 2 while industry rank of the company by ABR is 215 out of 265. Washington Prime Group's revenue was down 3.6% on a year-over-year basis. Washington Prime Group Inc Cmn (NYSE:WPG)'s price sits 5.14% above from its 50-day moving average of $8.14 and -9.88% away from the stock's 200-day moving average which is $8.85. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of US & worldwide copyright & trademark legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/07/16/washington-prime-group-inc-nysewpg-shares-bought-by-vanguard-group-inc-updated.html.

WPG has been the subject of a number of research analyst reports.

Some buy side analysts are also providing their Analysis on Washington Prime Group Inc., where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 3 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Finally, BidaskClub raised Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th.

In related news, CEO Louis G. Conforti purchased 12,125 shares of the business's stock in a transaction dated Friday, May 5th. WPG's current price-earnings ratio amounts to 29.45 times earnings, above the average P/E ratio of 26.90 times earnings. That suggests something of the likelihood of a short squeeze in shares of WPG. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Washington Prime Group, L.P.is the Company'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's primary business is the ownership, development and management of retail real estate within the United States. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

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