Virginia Retirement Systems ET AL boosted its holdings in Washington Prime Group Inc (NYSE:WPG) by 19.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 86,000 shares of the real estate investment trust’s stock after purchasing an additional 14,000 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Washington Prime Group were worth $628,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WPG. First Republic Investment Management Inc. purchased a new position in shares of Washington Prime Group during the second quarter worth about $120,000. Wedbush Securities Inc. purchased a new position in shares of Washington Prime Group during the second quarter worth about $130,000. Regent Investment Management LLC grew its holdings in shares of Washington Prime Group by 79.6% during the third quarter. Regent Investment Management LLC now owns 18,049 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 8,000 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Washington Prime Group by 55.6% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,450 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 8,023 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Washington Prime Group during the second quarter worth about $189,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Louis G. Conforti acquired 16,286 shares of Washington Prime Group stock in a transaction that occurred on Thursday, November 15th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $99,996.04. Following the completion of the transaction, the chief executive officer now directly owns 171,858 shares in the company, valued at $1,055,208.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Louis G. Conforti acquired 13,857 shares of Washington Prime Group stock in a transaction that occurred on Thursday, September 20th. The stock was purchased at an average price of $7.22 per share, with a total value of $100,047.54. Following the transaction, the chief executive officer now owns 155,572 shares of the company’s stock, valued at $1,123,229.84. The disclosure for this purchase can be found here. 0.41% of the stock is owned by company insiders.

Shares of NYSE:WPG opened at $6.35 on Tuesday. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $1.15 billion, a P/E ratio of 3.90 and a beta of 0.75. Washington Prime Group Inc has a 52 week low of $5.40 and a 52 week high of $8.44.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 15.75%. Washington Prime Group’s payout ratio is currently 61.35%.

Separately, TheStreet lowered Washington Prime Group from a “c” rating to a “d+” rating in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Washington Prime Group currently has an average rating of “Hold” and a consensus target price of $7.00.

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Washington Prime Group Company Profile

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.

Further Reading: Balance Sheet

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

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