Media headlines about Washington Prime Group (NYSE:WPG) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Washington Prime Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.816591209272 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Stocks Roundup: Precision Drilling Corporation (NYSE:PDS), Washington Prime Group Inc. (NYSE:WPG) – The Oracle Examiner (oracleexaminer.com)
- Washington Prime Group Inc. (WPG) – Watch List stock – Wall Street Morning (wallstreetmorning.com)
- Washington Prime Group to Acquire Four Sears Stores Located at Tier One Assets through a Sale-Leaseback – GlobeNewswire (press release) (globenewswire.com)
- Washington Prime Group to Acquire Four Sears Stores Located at Tier One Assets through a Sale-Leaseback NYSE:WPG (menafn.com)
- Washington Prime Group Inc (WPG) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Shares of Washington Prime Group (NYSE:WPG) traded down $0.21 during midday trading on Wednesday, hitting $6.27. 1,650,907 shares of the stock were exchanged, compared to its average volume of 2,601,501. The company has a market capitalization of $1,198.35, a PE ratio of 6.55 and a beta of 0.68. Washington Prime Group has a 52 week low of $5.40 and a 52 week high of $9.79. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.09.
A number of brokerages have issued reports on WPG. Zacks Investment Research cut shares of Washington Prime Group from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. ValuEngine cut shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Boenning Scattergood reaffirmed a “sell” rating on shares of Washington Prime Group in a research note on Friday, February 23rd. Finally, SunTrust Banks set a $8.00 price objective on shares of Washington Prime Group and gave the company a “hold” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.00.
In other news, CEO Louis G. Conforti purchased 28,198 shares of Washington Prime Group stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $6.49 per share, with a total value of $183,005.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.
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.
Receive News & Ratings for Washington Prime Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Prime Group and related companies with MarketBeat.com's FREE daily email newsletter.