Cubist Systematic Strategies LLC purchased a new position in Washington Prime Group Inc (NYSE:WPG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,902 shares of the real estate investment trust’s stock, valued at approximately $182,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chilton Capital Management LLC purchased a new position in Washington Prime Group in the 2nd quarter worth approximately $101,000. Jane Street Group LLC purchased a new position in Washington Prime Group in the 3rd quarter worth approximately $104,000. Shelton Capital Management purchased a new position in Washington Prime Group in the 2nd quarter worth approximately $111,000. Riverhead Capital Management LLC lifted its holdings in Washington Prime Group by 71.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,885 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 5,785 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Washington Prime Group by 13.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,322 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 1,742 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on the company. Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine raised Washington Prime Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Boenning Scattergood reissued a “sell” rating on shares of Washington Prime Group in a report on Friday, October 27th. One investment 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”.

Shares of Washington Prime Group Inc (WPG) opened at $7.10 on Friday. The stock has a market capitalization of $1,320.00, a P/E ratio of 9.86 and a beta of 0.89. Washington Prime Group Inc has a twelve month low of $6.62 and a twelve month high of $10.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). The firm had revenue of $179.32 million for the quarter, compared to analysts’ expectations of $188.54 million. Washington Prime Group had a return on equity of 16.17% and a net margin of 21.85%. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. equities research analysts predict that Washington Prime Group Inc will post 1.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 14.08%. Washington Prime Group’s dividend payout ratio (DPR) is 138.89%.

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Washington Prime Group 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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