Washington Prime Group Inc (NYSE:WPG) Shares Purchased by Rhumbline Advisers

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.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research reiterated a “sell” rating on shares of Washington Prime Group in a research note on Saturday, October 26th. ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, SunTrust Banks set a $4.00 price target on shares of Washington Prime Group and gave the company a “sell” rating in a research note on Monday, August 26th. Three research analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.15.

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.

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Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

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