Bank of Montreal Can raised its position in Washington Prime Group Inc. (NYSE:WPG) by 578.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 328,559 shares of the real estate investment trust’s stock after buying an additional 280,130 shares during the period. Bank of Montreal Can’s holdings in Washington Prime Group were worth $2,750,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Teza Capital Management LLC acquired a new position in Washington Prime Group during the first quarter worth about $103,000. Wedbush Securities Inc. acquired a new position in Washington Prime Group during the first quarter worth about $108,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $109,000 after buying an additional 1,137 shares during the last quarter. Spectrum Management Group Inc. acquired a new position in Washington Prime Group during the first quarter worth about $114,000. Finally, Daiwa Securities Group Inc. boosted its position in Washington Prime Group by 31.0% in the first quarter. Daiwa Securities Group Inc. now owns 14,353 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.

Washington Prime Group Inc. (WPG) traded up 0.930% during trading on Wednesday, hitting $9.225. The company’s stock had a trading volume of 550,352 shares. The firm has a market cap of $1.71 billion, a P/E ratio of 10.027 and a beta of 0.95. The firm has a 50 day moving average of $8.61 and a 200 day moving average of $8.72. Washington Prime Group Inc. has a 12 month low of $7.31 and a 12 month high of $14.15.

Washington Prime Group (NYSE:WPG) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $189.17 million for the quarter, compared to analysts’ expectations of $197.69 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts predict that Washington Prime Group Inc. will post $1.05 earnings per share for the current year.

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

COPYRIGHT VIOLATION NOTICE: “Washington Prime Group Inc. (NYSE:WPG) Shares Bought by Bank of Montreal Can” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/09/washington-prime-group-inc-nysewpg-shares-bought-by-bank-of-montreal-can.html.

A number of equities analysts have issued reports on the company. BidaskClub upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Boenning Scattergood restated a “hold” rating on shares of Washington Prime Group in a report on Friday, July 28th. Zacks Investment Research upgraded Washington Prime Group from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Wednesday, May 10th. ValuEngine cut Washington Prime Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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.

Want to see what other hedge funds are holding WPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Prime Group Inc. (NYSE:WPG).

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

Receive News & Ratings for Washington Prime Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Prime Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.