Media coverage about Washington Prime Group (NYSE:WPG) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Washington Prime Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.6426781865692 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms have recently issued reports on WPG. BidaskClub lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Zacks Investment Research lowered Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Washington Prime Group in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.25.
Shares of Washington Prime Group (NYSE:WPG) traded down 0.12% during midday trading on Friday, reaching $8.48. The company’s stock had a trading volume of 3,941,116 shares. Washington Prime Group has a 12 month low of $7.31 and a 12 month high of $12.78. The stock’s 50-day moving average is $8.63 and its 200 day moving average is $8.50. The stock has a market capitalization of $1.58 billion, a P/E ratio of 9.22 and a beta of 0.95.
Washington Prime Group (NYSE:WPG) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.06. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The firm had revenue of $189.17 million for the quarter, compared to analyst estimates of $197.69 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts expect that Washington Prime Group will post $0.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.00 annualized dividend and a yield of 11.79%. Washington Prime Group’s dividend payout ratio is 108.70%.
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About Washington Prime Group
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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