Dupont Capital Management Corp Has $192,000 Stake in Washington Prime Group Inc. (WPG)
Dupont Capital Management Corp reduced its stake in Washington Prime Group Inc. (NYSE:WPG) by 74.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,106 shares of the real estate investment trust’s stock after selling 68,447 shares during the period. Dupont Capital Management Corp’s holdings in Washington Prime Group were worth $192,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in shares of Washington Prime Group in the second quarter valued at $101,000. Creative Planning raised its stake 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 valued at $107,000 after acquiring an additional 2,710 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of Washington Prime Group in the second quarter valued at $111,000. Timber Hill LLC acquired a new stake in shares of Washington Prime Group in the second quarter valued at $113,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Washington Prime Group by 71.4% in the second quarter. Riverhead Capital Management LLC now owns 13,885 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 5,785 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
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Washington Prime Group Inc. (NYSE WPG) opened at $7.20 on Tuesday. The company has a market capitalization of $1,365.57, a price-to-earnings ratio of 4.40 and a beta of 0.92. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. Washington Prime Group Inc. has a twelve month low of $6.71 and a twelve month high of $10.97.
Washington Prime Group (NYSE:WPG) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The business had revenue of $179.32 million during the quarter, compared to analysts’ expectations of $188.54 million. Washington Prime Group had a net margin of 21.85% and a return on equity of 16.17%. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. equities analysts expect that Washington Prime Group Inc. will post 1.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 13.89%. The ex-dividend date is Thursday, November 30th. Washington Prime Group’s dividend payout ratio (DPR) is presently 116.28%.
Several analysts have recently issued reports on WPG shares. Boenning Scattergood cut Washington Prime Group from a “neutral” rating to an “under perform” rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. ValuEngine upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, TheStreet upgraded Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold”.
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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