Schroder Investment Management Group grew its holdings in shares of Washington Prime Group Inc. (NYSE:WPG) by 8.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 366,796 shares of the real estate investment trust’s stock after acquiring an additional 28,645 shares during the period. Schroder Investment Management Group owned about 0.20% of Washington Prime Group worth $3,092,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Washington Prime Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 35,917,881 shares of the real estate investment trust’s stock valued at $312,126,000 after acquiring an additional 977,722 shares during the last quarter. BlackRock Inc. raised its stake in shares of Washington Prime Group by 6,927.1% during the first quarter. BlackRock Inc. now owns 24,434,249 shares of the real estate investment trust’s stock valued at $212,335,000 after acquiring an additional 24,086,536 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Washington Prime Group by 4.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,334,720 shares of the real estate investment trust’s stock valued at $98,498,000 after acquiring an additional 491,753 shares during the last quarter. State Street Corp raised its stake in shares of Washington Prime Group by 0.6% during the first quarter. State Street Corp now owns 8,566,191 shares of the real estate investment trust’s stock valued at $74,442,000 after acquiring an additional 52,274 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Washington Prime Group by 42.3% during the second quarter. Bank of New York Mellon Corp now owns 6,413,013 shares of the real estate investment trust’s stock valued at $53,677,000 after acquiring an additional 1,907,079 shares during the last quarter. 92.00% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. Boenning Scattergood downgraded shares of Washington Prime Group from a “neutral” rating to an “under perform” rating in a research note on Wednesday, August 23rd. BidaskClub raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.25.

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Shares of Washington Prime Group Inc. (NYSE WPG) opened at 8.03 on Thursday. The firm has a market capitalization of $1.49 billion, a PE ratio of 8.73 and a beta of 0.95. The stock’s 50 day moving average is $8.58 and its 200 day moving average is $8.48. Washington Prime Group Inc. has a 52-week low of $7.31 and a 52-week high of $12.78.

Washington Prime Group (NYSE:WPG) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $189.17 million during the quarter, compared to analysts’ expectations of $197.69 million. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s revenue was down 8.1% on a year-over-year basis. On average, equities research analysts forecast that Washington Prime Group Inc. will post $0.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.45%. Washington Prime Group’s dividend payout ratio (DPR) is 108.70%.

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.

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

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