KCG Holdings Inc. cut its stake in Washington Prime Group Inc. (NYSE:WPG) by 48.6% during the first quarter, Holdings Channel reports. The fund owned 16,816 shares of the real estate investment trust’s stock after selling 15,901 shares during the period. KCG Holdings Inc.’s holdings in Washington Prime Group were worth $146,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WPG. State Treasurer State of Michigan raised its stake in shares of Washington Prime Group by 0.9% in the first quarter. State Treasurer State of Michigan now owns 75,321 shares of the real estate investment trust’s stock worth $655,000 after buying an additional 700 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Washington Prime Group by 2.4% in the first quarter. Great West Life Assurance Co. Can now owns 203,601 shares of the real estate investment trust’s stock worth $1,767,000 after buying an additional 4,734 shares in the last quarter. Camelot Portfolios LLC raised its stake in shares of Washington Prime Group by 14.6% in the first quarter. Camelot Portfolios LLC now owns 253,761 shares of the real estate investment trust’s stock worth $2,205,000 after buying an additional 32,239 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Washington Prime Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 65,082 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 900 shares in the last quarter. Finally, Breton Hill Capital Ltd. raised its stake in shares of Washington Prime Group by 0.7% in the first quarter. Breton Hill Capital Ltd. now owns 49,994 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 341 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Washington Prime Group Inc. (NYSE:WPG) traded down 0.77% during midday trading on Wednesday, reaching $9.07. 341,964 shares of the company’s stock were exchanged. The stock has a market cap of $1.68 billion, a PE ratio of 9.86 and a beta of 0.95. Washington Prime Group Inc. has a 12 month low of $7.31 and a 12 month high of $14.15. The company’s 50 day moving average is $8.61 and its 200-day moving average is $8.72.

Washington Prime Group (NYSE:WPG) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The company had revenue of $189.17 million for the quarter, compared to analysts’ expectations of $197.69 million. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. Equities analysts forecast that Washington Prime Group Inc. will post $1.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.94%. The ex-dividend date is Wednesday, August 30th. Washington Prime Group’s dividend payout ratio (DPR) is currently 108.70%.

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A number of brokerages have commented on WPG. Boenning Scattergood reissued a “hold” rating on shares of Washington Prime Group in a report on Friday, July 28th. TheStreet raised shares of Washington Prime Group from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of Washington Prime Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, ValuEngine lowered shares of Washington Prime Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.25.

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

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