Strs Ohio cut its holdings in shares of Washington Prime Group Inc (NYSE:WPG) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 306,584 shares of the real estate investment trust’s stock after selling 12,804 shares during the quarter. Strs Ohio’s holdings in Washington Prime Group were worth $2,238,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WPG. BlackRock Inc. boosted its position in shares of Washington Prime Group by 15.7% during the second quarter. BlackRock Inc. now owns 29,478,010 shares of the real estate investment trust’s stock valued at $239,065,000 after purchasing an additional 4,009,321 shares in the last quarter. Northern Trust Corp boosted its position in shares of Washington Prime Group by 15.9% during the second quarter. Northern Trust Corp now owns 4,429,775 shares of the real estate investment trust’s stock valued at $35,924,000 after purchasing an additional 607,560 shares in the last quarter. Chicago Equity Partners LLC boosted its position in shares of Washington Prime Group by 763.4% during the second quarter. Chicago Equity Partners LLC now owns 658,725 shares of the real estate investment trust’s stock valued at $5,342,000 after purchasing an additional 582,430 shares in the last quarter. Cortina Asset Management LLC bought a new stake in shares of Washington Prime Group during the second quarter valued at approximately $4,652,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Washington Prime Group by 22.7% during the second quarter. Advisors Asset Management Inc. now owns 2,889,275 shares of the real estate investment trust’s stock valued at $23,432,000 after purchasing an additional 534,779 shares in the last quarter. 83.58% of the stock is currently owned by hedge funds and other institutional investors.
Washington Prime Group stock opened at $6.75 on Wednesday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.65 and a current ratio of 0.65. Washington Prime Group Inc has a 12 month low of $5.40 and a 12 month high of $8.44. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 4.29 and a beta of 0.64.
Separately, TheStreet lowered Washington Prime Group from a “c” rating to a “d+” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Washington Prime Group presently has a consensus rating of “Hold” and an average price target of $7.00.
Washington Prime Group Profile
Washington Prime Group Inc is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.
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