Washington Prime Group (WPG) Earning Somewhat Positive Media Coverage, Analysis Shows

Media headlines about Washington Prime Group (NYSE:WPG) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Washington Prime Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.6641367855645 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

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WPG opened at $6.93 on Friday. Washington Prime Group has a one year low of $5.40 and a one year high of $9.79. The company has a market capitalization of $1,246.66, a P/E ratio of 4.25 and a beta of 0.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.07 and a current ratio of 0.07.

Washington Prime Group (NYSE:WPG) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.17). Washington Prime Group had a net margin of 25.53% and a return on equity of 18.15%. The business had revenue of $187.24 million during the quarter, compared to analyst estimates of $192.93 million. analysts anticipate that Washington Prime Group will post 1.52 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.43%. The ex-dividend date of this dividend was Friday, March 2nd. Washington Prime Group’s payout ratio is 61.35%.

A number of research analysts recently commented on the company. ValuEngine cut Washington Prime Group from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research cut Washington Prime Group from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a report on Friday, February 23rd. Finally, SunTrust Banks set a $8.00 price objective on Washington Prime Group and gave the company a “hold” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.00.

In other news, CEO Louis G. Conforti bought 28,198 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $6.49 per share, with a total value of $183,005.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

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Washington Prime Group Company 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.

Insider Buying and Selling by Quarter for Washington Prime Group (NYSE:WPG)

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