Oregon Public Employees Retirement Fund increased its stake in shares of Washington Prime Group Inc. (NYSE:WPG) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,945 shares of the real estate investment trust’s stock after buying an additional 2,863 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Washington Prime Group were worth $569,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WPG. Teza Capital Management LLC bought a new position in Washington Prime Group during the first quarter valued at about $103,000. Wedbush Securities Inc. bought a new position in Washington Prime Group during the first quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Washington Prime Group by 9.9% in the first quarter. 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 period. Creative Planning increased its position in Washington Prime Group by 26.9% in the second quarter. Creative Planning now owns 12,772 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,710 shares during the period. Finally, Spectrum Management Group Inc. bought a new position in Washington Prime Group during the first quarter valued at about $114,000. Hedge funds and other institutional investors own 92.46% of the company’s stock.

Washington Prime Group Inc. (NYSE:WPG) traded down 0.0528% during trading on Monday, hitting $9.0952. 460,932 shares of the stock traded hands. Washington Prime Group Inc. has a 12 month low of $7.31 and a 12 month high of $14.15. The company has a market cap of $1.69 billion, a P/E ratio of 9.8861 and a beta of 0.95. The company’s 50 day moving average price is $8.57 and its 200 day moving average price is $8.72.

Washington Prime Group (NYSE:WPG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.06. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The business had revenue of $189.17 million for the quarter, compared to analyst estimates of $197.69 million. During the same quarter last year, the company earned $0.45 EPS. The business’s quarterly revenue was down 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Washington Prime Group Inc. will post $1.05 EPS for the current fiscal year.

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Several research firms have recently issued reports on WPG. Boenning Scattergood restated 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 report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Washington Prime Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Washington Prime Group has an average rating of “Hold” and an average target price of $9.25.

Washington Prime Group Company Profile

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

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