LSV Asset Management increased its stake in Washington Prime Group Inc. (NYSE:WPG) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,894,245 shares of the real estate investment trust’s stock after purchasing an additional 34,500 shares during the quarter. LSV Asset Management owned approximately 1.02% of Washington Prime Group worth $15,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of WPG. Louisiana State Employees Retirement System increased its stake in Washington Prime Group by 2.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,800 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 1,000 shares in the last quarter. ProShare Advisors LLC boosted its position in Washington Prime Group by 15.1% during the 1st quarter. ProShare Advisors LLC now owns 111,901 shares of the real estate investment trust’s stock worth $765,000 after acquiring an additional 14,662 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Washington Prime Group by 1.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 65,082 shares of the real estate investment trust’s stock worth $566,000 after acquiring an additional 900 shares during the period. Great West Life Assurance Co. Can boosted its position in Washington Prime Group by 2.4% during the 1st 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 acquiring an additional 4,734 shares during the period. Finally, State Treasurer State of Michigan boosted its position in Washington Prime Group by 0.9% during the 1st quarter. State Treasurer State of Michigan now owns 75,321 shares of the real estate investment trust’s stock worth $655,000 after acquiring an additional 700 shares during the period. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Washington Prime Group Inc. (NYSE WPG) opened at 8.45 on Thursday. The company has a 50-day moving average price of $8.70 and a 200 day moving average price of $8.51. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 9.18 and a beta of 0.95. Washington Prime Group Inc. has a 12-month low of $7.31 and a 12-month high of $12.78.

Washington Prime Group (NYSE:WPG) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. The business had revenue of $189.17 million during the quarter, compared to the consensus estimate of $197.69 million. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. Washington Prime Group’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Equities research analysts expect that Washington Prime Group Inc. will post $0.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.83%. Washington Prime Group’s payout ratio is presently 108.70%.

A number of equities research analysts have commented on WPG shares. TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Zacks Investment Research lowered Washington Prime Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, July 31st. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Washington Prime Group in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Washington Prime Group currently has an average rating of “Hold” and an average price target of $9.25.

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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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