News articles about Washington Prime Group (NYSE:WPG) have trended somewhat positive on Monday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 78 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- What Do Analysts Say About Washington Prime Group Inc. (WPG) (ismboard.com)
- Washington Prime Group (NYSE:WPG) Earns Media Sentiment Score of 0.41 (nolopodrasdejardever.com)
- Washington Prime Group Inc. (WPG)- Stocks Hammered on Sluggish Data – NASDAQ Times (nasdaqtimes.com)
- Washington Prime Group Inc. (NYSE:WPG) Experiences Heavier than Average Trading Volume – Highlight Press (highlightpress.com)
- Washington Prime Group Signs Round 1 as Lead Tenant to Replace Former Department Store Space at Great Lakes … – Business Wire (press release) (businesswire.com)
Washington Prime Group (NYSE:WPG) traded up 0.91% during midday trading on Monday, hitting $8.91. The company had a trading volume of 668,406 shares. Washington Prime Group has a 12-month low of $7.31 and a 12-month high of $14.15. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 30.72 and a beta of 0.91. The company’s 50 day moving average is $7.98 and its 200 day moving average is $8.97.
Washington Prime Group (NYSE:WPG) last announced its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Washington Prime Group had a return on equity of 6.36% and a net margin of 8.13%. The firm had revenue of $202.39 million for the quarter, compared to analysts’ expectations of $198.72 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Washington Prime Group will post $1.05 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine cut Washington Prime Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research cut Washington Prime Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th.
In other news, CEO Louis G. Conforti bought 12,125 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were purchased at an average price of $8.25 per share, with a total value of $100,031.25. Following the completion of the acquisition, the chief executive officer now directly owns 40,825 shares in the company, valued at $336,806.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.
About Washington Prime Group
Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.
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