News coverage about Washington Prime Group (NYSE:WPG) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.7797376423642 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Washington Prime : Board of Directors Declares Quarterly Dividend (4-traders.com)
- Washington Prime Group, Inc. breached its 50 day moving average in a Bearish Manner : WPG-US : August 18, 2017 (finance.yahoo.com)
- BidaskClub Lowers Washington Prime Group Inc. (WPG) to Hold (americanbankingnews.com)
- Take This As A Wake-Up Call: Dillard’s, Inc. (DDS), Washington Prime Group Inc. (WPG) – AllStockNews (allstocknews.com)
- Narrowing in on the Signals for Washington Prime Group Inc (WPG) – Financial News Review (finnewsreview.com)
Several equities analysts recently commented on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Washington Prime Group in a report on Friday, July 28th. TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, ValuEngine cut shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.25.
Shares of Washington Prime Group (WPG) opened at 8.35 on Friday. The stock has a market cap of $1.55 billion, a PE ratio of 9.08 and a beta of 0.95. Washington Prime Group has a 12 month low of $7.31 and a 12 month high of $14.15. The stock has a 50 day moving average of $8.80 and a 200 day moving average of $8.65.
Washington Prime Group (NYSE:WPG) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.66 by $0.06. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. The firm had revenue of $189.17 million during the quarter, compared to the consensus estimate of $197.69 million. During the same quarter in the prior year, the firm earned $0.45 EPS. Washington Prime Group’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that Washington Prime Group will post $0.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.25 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.00 annualized dividend and a yield of 11.98%. Washington Prime Group’s dividend payout ratio (DPR) is 108.70%.
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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