July 23, 2017

Analysts' Recommendations in Limelight: Washington Prime Group Inc Cmn (WPG)

17 July 2017, 03:42 | Rodolfo Wallace

Knerr now owns $105,736 of stock as reported to the SEC. Hedge funds and other institutional investors own 89.78% of the company's stock. Teza Capital Management LLC acquired a new stake in shares of Washington Prime Group during the first quarter worth about $103,000. Citadel Advisors LLC expanded its investment by buying 156,429 shares an increase of 200.0% as of 03/31/2016.

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 valued at $109,000 after buying an additional 1,137 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Washington Prime Group during the fourth quarter worth $2,861,000. LSV Asset Management now owns 1,859,745 shares of the real estate investment trust's stock valued at $16,161,000 after buying an additional 442,939 shares during the last quarter.

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. 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 related news, CEO Louis G. Conforti purchased 12,125 shares of the company's stock in a transaction on Friday, May 5th. Envestnet Asset Management Inc. increased its position in shares of Washington Prime Group by 55.2% in the fourth quarter. It's now trading about -8.33% below its 52-week high. Earnings, with 1 analysts believing the company would generate an Average Estimate of $0.66. 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. (NYSE:WPG) has a market cap of $1.56 billion and over the last 12 months, WPG has declined by -32.06%. The lowest 12-month price target for the shares is $7.60, which would be decrease of about -8% of its current value.

Washington Prime Group Inc Cmn (NYSE:WPG) as of recent trade, has shown weekly upbeat performance of 1.67% which was maintained at 2.9% in 1-month period. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had Year Ago Sales of 205.74 Million. (NYSE:WPG) earnings have risen with a quarterly rate of 8.1% over the last 5 years. WPG's profit would be $76.78M giving it 5.18 P/E if the $0.41 EPS is correct.

Sundar wins first gold at World Para Athletics Championships
Sundar opened India's account at the World Para Athletics Championships by clinching gold in the men's javelin throw event. She nevertheless managed to produce a commendable performance of 14.63m, not too far off her personal best.

Ryan Fox holes out for hole-in-three
With Poulter already in the field for the Open then for Dodt and Shinkwin tomorrow takes on even greater significance. Dodt's round was a mix of three birdies, including a gem at the last, and also two bogeys.

Deere win propels DeChambeau to Open at Birkdale
The win punctuated a comeback of sorts for DeChambeau, who capped a string of eight consecutive missed cuts last month in the U.S. Miguel Angel Jimenez was fourth on 16-under while Colin Montgomerie closed with a 68 to finish joint-sixth on 11-under.

Wall Street analysts are predicting that Washington Prime Group Inc Cmn (NYSE:WPG) will report earnings per share of $0.66 in their quarterly report. The company recently announced a dividend for shareholders that was paid on Thu Jun 15, 2017. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $1.00 annualized dividend and a yield of 11.92%.

What Guru's think About Is Washington Prime Group Inc. If you are reading this piece on another website, it was stolen and reposted in violation of US & worldwide copyright and trademark law.

Shares of Washington Prime Group Inc.

Several brokerages have recently weighed in on WPG. Zacks Investment Research raised shares of Washington Prime Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 3rd. BidaskClub upgraded Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th. Finally, Spectrum Management Group Inc. acquired a new stake in shares of Washington Prime Group during the first quarter worth about $114,000. The company have shares float of 293.45 million. EVP Keric M. Knerr acquired 6,119 shares at an average price of $8.17 on Tue the 28th. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Other News

Trending Now

Spl instrument, not pens, valid for voting
Incumbent President Pranab Mukherjee's term expires on July 24 and a new President has to take over on July 25. They can not use their own pens to vote and were given unique serial-numbered special pens with violet ink.

Roger Federer Wins His Eighth Wimbledon Title
In the Wimbledon Men's Singles Finals, Roger Federer from Switzerland and Marin Cilic from Croatia are going to face each other. Physio had to come on the court and give some treatment and painkillers to the Croatian, playing his maiden Wimbledon final.

Álvaro Morata on verge of signing for AC Milan
The club feels the young player has the potential to be even better than De Gea in the future. I enjoyed seeing his growth at Juventus and Madrid.

China defends imports of North Korean iron ore
But coal imports slumped by 75%, suggesting Beijing is gradually choking off North Korea's biggest source of foreign currency. Earlier this month, Mr Moon reiterated he is willing to meet North Korean leader Kim Jong Un if conditions are met.

Bakayoko signs in Chelsea (off.)
The 22-year-old, who will wear the No14 shirt for Chelsea , said: "I am very happy to be here and to join this great team". "My wish was to be at the best English club that there is today". "Now the work starts".

Chance The Rapper Dropped A New Young Thug Collaboration On Soundcloud
Chance went to Twitter Saturday (July 15) and came clean on giving JL an ultimatum on how they could get some owed money. But an announcement by the CEO and tweets from a musician who made their start on SoundCloud suggest a different story.

PM Modi walks to Opposition benches, greets Sonia
Violence by cow vigilantes has become a disturbing trend and is expected to become a major topic of discussion. "All political parties should condemn strongly this goondaism in the name of cow protection".

Facebook will start running ads inside "Marketplace", its own version of Craigslist
Currently, WhatsApp has 1.2 billion users, and as far as Instagram is concerned, it has over 700 million monthly active users. In the list that appears, you should see an entry labelled Explorer Feed -this is what you're looking for, so give it a tap.

Tottenham's Cameroon forward heading to Marseille- Clinton Njie
The Cameroon worldwide , 23, was on loan to the Ligue 1 club last season, scoring four goals. Clinton Njie has joined Marseille on a permanent deal from Tottenham .

Trump's approval rating dips to 36%
More than six in 10 (63 per cent) of respondents in the poll said Mr Trump Jr's meeting with the Russian lawyer was inappropriate. Forty-eight percent said that US world leadership has weakened under Trump, with only 27% saying it has gotten stronger.