LS Investment Advisors LLC raised its position in Washington Prime Group Inc. (NYSE:WPG) by 16.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,833 shares of the real estate investment trust’s stock after buying an additional 2,207 shares during the period. LS Investment Advisors LLC’s holdings in Washington Prime Group were worth $133,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in shares of Washington Prime Group by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 67,945 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 2,863 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Washington Prime Group by 1.6% in the second quarter. Meeder Asset Management Inc. now owns 76,965 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 1,203 shares during the last quarter. Creative Planning increased its position in shares of 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 worth $107,000 after buying an additional 2,710 shares during the last quarter. Bank of Montreal Can increased its position in shares of Washington Prime Group by 578.4% in the second quarter. Bank of Montreal Can now owns 328,559 shares of the real estate investment trust’s stock worth $2,750,000 after buying an additional 280,130 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Washington Prime Group by 143.1% in the first quarter. Nuveen Asset Management LLC now owns 1,524,127 shares of the real estate investment trust’s stock worth $13,245,000 after buying an additional 897,137 shares during the last quarter. 92.46% of the stock is currently owned by institutional investors and hedge funds.

Washington Prime Group Inc. (NYSE WPG) traded down 3.036% during trading on Friday, hitting $8.465. The company had a trading volume of 1,941,548 shares. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 9.201 and a beta of 0.95. The firm’s 50 day moving average is $8.74 and its 200-day moving average is $8.69. Washington Prime Group Inc. has a 52-week low of $7.31 and a 52-week high of $14.15.

Washington Prime Group (NYSE:WPG) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $197.69 million. During the same period last year, the business earned $0.45 EPS. Washington Prime Group’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities analysts forecast that Washington Prime Group Inc. will post $1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 yield of 11.45%. Washington Prime Group’s dividend payout ratio is currently 108.70%.

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A number of brokerages have recently issued reports on WPG. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub raised Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Boenning Scattergood reissued a “hold” rating on shares of Washington Prime Group in a research report on Friday, July 28th. TheStreet raised Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, ValuEngine downgraded Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Washington Prime Group presently has a consensus 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.

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

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