Washington Prime Group Inc (WPG) Upgraded to "Buy" at BidaskClub

SG Americas Securities LLC decreased its position in shares of Washington Prime Group Inc. (NYSE:WPG) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,773,265 shares of the real estate investment trust's stock after buying an additional 187,429 shares during the period. Allianz Asset Management AG now holds 2,498,000 shares with a value of $41,542,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Spectrum Management Group Inc. bought a new stake in shares of Washington Prime Group during the first quarter valued at about $114,000. Looking a bit close further out we see that the stock is 0.35% for the past month and -32.13% over the past year. Washington Prime Group Inc.

For the past 5 years, Washington Prime Group Inc.'s EPS growth has been almost -24.9%. Mason Street Advisors LLC raised its stake in shares of Washington Prime Group by 1.2% in the first quarter. (WPG Inc.), formerly WP Glimcher Inc., operates as a self-administered and self-managed real estate investment trust (REIT).

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The bad news is analysts don't believe there's a room for Washington Prime Group Inc. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.23 and a beta of 0.94.

Trading was heavy with 3,655K shares changing hands by the end of trading on Friday. Independent Advisor Alliance acquired a new stake in shares of Washington Prime Group during the first quarter valued at about $238,000. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -4.04% where SMA50 and SMA200 are 1.16% and -8.18% respectively.

Washington Prime Group (NYSE:WPG) last released its earnings results on Wednesday, July 26th. Comparatively, WPG posted earnings of $0 per share in the same quarter, a year earlier. Washington Prime Group had a return on equity of 60.18% and a net margin of 86.96%. The business had revenue of $189.17 million for the quarter, compared to analysts' expectations of $197.69 million. There is an annual dividend of $$1.00 with a yield of 10.78% The company's dividend has increased by 0.00% on a 3 Year Average The payout ration for the trailing 12 months of earnings is 108.70%, 95.24% based on this years estimates and 303.03% based on next years projected estimates. WPG generated revenue of $209 Million in the same quarter, one year ago.

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Washington Prime Group Inc. has a 50 day moving average of 8.57 and a 200 day moving average of 8.72. Washington Prime Group Inc. Louisiana State Employees Retirement System now owns 46,800 shares of the real estate investment trust's stock worth $407,000 after buying an additional 1,000 shares during the period. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright laws. The original version of this article can be read at https://baseballnewssource.com/markets/washington-prime-group-inc-wpg-shares-bought-by-geode-capital-management-llc-updated-updated/1242871.html.

A number of brokerages have recently weighed in on WPG.

Insider Trades for Washington Prime Group Inc. show that the latest trade was made on 4 May 2017 where Conforti Louis G, the Chief Executive Officer completed a transaction type "Buy" in which 12125 shares were traded at a price of $8.25. Finally, ValuEngine lowered shares of Washington Prime Group from a "buy" rating to a "hold" rating in a report on Tuesday, June 6th.

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Washington Prime Group Inc. was upgraded to " by analysts at Boenning & Scattergood. Finally, Boenning Scattergood reissued a "hold" rating on shares of Washington Prime Group in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. The stock closing price is now trading upward to its 50 day moving average with change of 8.28%, escalated to its 20 day moving average with figure of 2.80% and behind its 200 day moving average with value -1.42%.

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