Washington Prime Group Inc (NYSE:WPG) – Equities research analysts at Boenning Scattergood issued their Q1 2019 earnings per share estimates for shares of Washington Prime Group in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings of $0.39 per share for the quarter. Boenning Scattergood currently has a “Sell” rating on the stock. Boenning Scattergood also issued estimates for Washington Prime Group’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.56 EPS.
Washington Prime Group (NYSE:WPG) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). The business had revenue of $179.32 million for the quarter, compared to analysts’ expectations of $188.54 million. Washington Prime Group had a return on equity of 16.17% and a net margin of 21.85%. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS.
Shares of Washington Prime Group (NYSE WPG) traded up $0.16 on Wednesday, reaching $7.07. The company’s stock had a trading volume of 2,174,000 shares, compared to its average volume of 2,991,135. The stock has a market capitalization of $1,300.00, a price-to-earnings ratio of 9.82 and a beta of 0.89. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. Washington Prime Group has a 1-year low of $6.62 and a 1-year high of $10.40.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 14.14%. The ex-dividend date was Thursday, November 30th. Washington Prime Group’s dividend payout ratio is currently 138.89%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in Washington Prime Group by 26.3% in the third quarter. Public Employees Retirement System of Ohio now owns 287,344 shares of the real estate investment trust’s stock worth $2,394,000 after buying an additional 59,749 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Washington Prime Group in the third quarter worth approximately $1,190,000. Eii Capital Management Inc. purchased a new stake in shares of Washington Prime Group during the third quarter valued at approximately $390,000. California Public Employees Retirement System boosted its stake in shares of Washington Prime Group by 13.5% during the third quarter. California Public Employees Retirement System now owns 671,681 shares of the real estate investment trust’s stock valued at $5,595,000 after purchasing an additional 80,146 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Washington Prime Group during the third quarter valued at approximately $644,000. 89.83% of the stock is owned by institutional investors and hedge funds.
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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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