Media coverage about Washington Prime Group (NYSE:WPG) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.4855417397577 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

Washington Prime Group (NYSE:WPG) traded up 2.84% during midday trading on Wednesday, reaching $8.70. 1,937,561 shares of the company traded hands. The stock’s 50 day moving average is $8.39 and its 200 day moving average is $8.48. Washington Prime Group has a one year low of $7.31 and a one year high of $12.18. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 9.46 and a beta of 0.95.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $189.17 million for the quarter, compared to analysts’ expectations of $197.69 million. During the same period last year, the business earned $0.45 earnings per share. The business’s quarterly revenue was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that Washington Prime Group will post $0.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.82%. The ex-dividend date was Wednesday, August 30th. Washington Prime Group’s dividend payout ratio (DPR) is presently 108.70%.

Several research firms recently commented on WPG. Boenning Scattergood downgraded shares of Washington Prime Group from a “neutral” rating to an “under perform” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold”.

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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.

Insider Buying and Selling by Quarter for Washington Prime Group (NYSE:WPG)

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