Washington Prime Group Inc. (NYSE:WPG) Position Increased by BlackRock Inc

Paloma Partners Management Co owned about 0.12% of Washington Prime Group worth $1,984,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Spectrum Management Group Inc. acquired a new stake in shares of Washington Prime Group during the first quarter valued at $114,000. Vanguard Group Inc. now owns 35,917,881 shares of the real estate investment trust's stock valued at $312,126,000 after buying an additional 977,722 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the real estate investment trust's stock valued at $109,000 after buying an additional 1,137 shares during the last quarter. After $0.42 actual earnings per share reported by Washington Prime Group Inc for the previous quarter, Wall Street now forecasts -2.38% negative EPS growth. (TMUS) have 837.82 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Finally, Daiwa Securities Group Inc. raised its stake in Washington Prime Group by 31.0% in the first quarter. Finally, Independent Advisor Alliance purchased a new position in shares of Washington Prime Group during the first quarter valued at about $238,000. (NYSE:WPG) earnings have risen with a quarterly rate of 8.1% over the last 5 years. Based on an average trading volume of 3,606,505 shares, the days-to-cover ratio is presently 5.6 days. For the current quarter Washington Prime Group Inc Cmn (NYSE:WPG) has high EPS estimates of $0.66 in contradiction of low EPS estimates of $0.66. The firm has a market capitalization of $1.64 billion, a P/E ratio of 30.45 and a beta of 0.91.

Company chares are trading at $8.83 which is slightly above the 50 day moving average of $7.98 and which is marginally lower than the 200 day moving average of $8.97.

For the Current Quarter, the growth estimate for Washington Prime Group Inc.is 560%, while for the Next Quarter the stock growth estimate is 2200%. The business had revenue of $202.39 million for the quarter, compared to analysts' expectations of $198.72 million.

Many analysts have provided their estimated foresights on Washington Prime Group Inc. Washington Prime Group's quarterly revenue was down 3.6% on a year-over-year basis. They expect $0.41 earnings per share, down 4.65% or $0.02 from last year's $0.43 per share.

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Washington Prime Group Inc. was upgraded to " by analysts at Boenning & Scattergood. Stockholders of record on Thursday, June 1st were paid a $0.25 dividend. The ex-dividend date was set for Tuesday the 30th of May 2017. Washington Prime Group's dividend payout ratio is now 500.00%. If you are viewing this report on another website, it was illegally copied and republished in violation of United States and worldwide copyright & trademark laws. If you are viewing this article on another website, it was stolen and republished in violation of USA & worldwide trademark and copyright laws. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/07/17/metropolitan-life-insurance-co-ny-has-2-66-million-stake-in-washington-prime-group-inc-nysewpg.html.

Washington Prime Group Inc Cmn (NYSE:WPG) shows a Forward Annual Dividend Rate of $1 and Trailing Annual Dividend Yield of 11.72% according to MorningStar Inc. ValuEngine lowered Washington Prime Group from a "buy" rating to a "hold" rating in a research report on Tuesday, June 6th.

Shares of Washington Prime Group Inc Cmn (NYSE:WPG) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 2 while industry rank of the company by ABR is 215 out of 265. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The Average Volume for 10 days is 2.37 Million for Washington Prime Group Inc Cmn (NYSE:WPG). 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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