Rhumbline Advisers increased its holdings in shares of Washington Prime Group Inc (NYSE:WPG) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 665,899 shares of the real estate investment trust’s stock after acquiring an additional 49,428 shares during the quarter. Rhumbline Advisers owned approximately 0.36% of Washington Prime Group worth $2,757,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in Washington Prime Group during the second quarter worth about $25,000. Oppenheimer & Co. Inc. acquired a new stake in Washington Prime Group during the second quarter worth about $48,000. LexAurum Advisors LLC acquired a new stake in Washington Prime Group during the second quarter worth about $50,000. Enlightenment Research LLC acquired a new stake in Washington Prime Group during the second quarter worth about $54,000. Finally, CWM LLC acquired a new stake in Washington Prime Group during the third quarter worth about $54,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.
In other news, Director John F. Levy purchased 14,800 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $3.36 per share, for a total transaction of $49,728.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.
Shares of NYSE:WPG traded up $0.02 during trading hours on Tuesday, hitting $4.40. The stock had a trading volume of 21,661 shares, compared to its average volume of 3,205,981. The stock’s fifty day simple moving average is $4.15 and its 200 day simple moving average is $3.98. Washington Prime Group Inc has a 1-year low of $3.11 and a 1-year high of $6.96. The firm has a market capitalization of $807.98 million, a price-to-earnings ratio of 2.92 and a beta of 0.87. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.47 and a current ratio of 0.47.
Washington Prime Group (NYSE:WPG) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.29). Washington Prime Group had a net margin of 5.72% and a return on equity of 4.61%. The firm had revenue of $161.20 million during the quarter, compared to analyst estimates of $167.65 million. During the same quarter in the previous year, the business posted $0.37 EPS. Washington Prime Group’s revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, research analysts anticipate that Washington Prime Group Inc will post 1.18 EPS for the current year.
About Washington Prime Group
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.
Featured Article: What is a Derivative?
Receive News & Ratings for Washington Prime Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Prime Group and related companies with MarketBeat.com's FREE daily email newsletter.