Equities analysts forecast that Washington Prime Group (NYSE:WPG) will report earnings per share of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Washington Prime Group’s earnings, with estimates ranging from $0.36 to $0.38. Washington Prime Group reported earnings per share of $0.42 during the same quarter last year, which suggests a negative year-over-year growth rate of 11.9%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, April 25th.

On average, analysts expect that Washington Prime Group will report full year earnings of $1.52 per share for the current financial year. For the next year, analysts expect that the company will post earnings of $1.48 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Washington Prime Group.

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Washington Prime Group (NYSE:WPG) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.17). Washington Prime Group had a net margin of 25.53% and a return on equity of 18.15%. The company had revenue of $187.24 million during the quarter, compared to the consensus estimate of $192.93 million.

A number of equities research analysts have commented on WPG shares. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. SunTrust Banks set a $8.00 target price on Washington Prime Group and gave the company a “hold” rating in a research report on Monday, January 22nd. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Boenning Scattergood restated a “sell” rating on shares of Washington Prime Group in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $8.00.

In other Washington Prime Group news, CEO Louis G. Conforti bought 28,198 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $6.49 per share, for a total transaction of $183,005.02. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of Washington Prime Group by 44.2% during the 3rd quarter. Wells Fargo & Company MN now owns 435,450 shares of the real estate investment trust’s stock valued at $3,628,000 after purchasing an additional 133,493 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Washington Prime Group by 60.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 43,377 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 16,311 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Washington Prime Group by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,322,561 shares of the real estate investment trust’s stock valued at $23,657,000 after purchasing an additional 274,262 shares in the last quarter. Teachers Insurance & Annuity Association of America boosted its position in shares of Washington Prime Group by 9.8% during the 4th quarter. Teachers Insurance & Annuity Association of America now owns 203,651 shares of the real estate investment trust’s stock valued at $1,450,000 after purchasing an additional 18,143 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of Washington Prime Group by 36.7% during the 4th quarter. OppenheimerFunds Inc. now owns 200,989 shares of the real estate investment trust’s stock valued at $1,431,000 after purchasing an additional 53,913 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

NYSE WPG opened at $6.64 on Tuesday. Washington Prime Group has a 12 month low of $5.40 and a 12 month high of $9.79. The stock has a market capitalization of $1,242.94, a price-to-earnings ratio of 4.07 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.07 and a current ratio of 0.07.

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About Washington Prime Group

Washington Prime Group Inc is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.

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Earnings History and Estimates for Washington Prime Group (NYSE:WPG)

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