Press coverage about Washington Prime Group (NYSE:WPG) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.4212243533976 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Trending Hot Stock’s Analysis – Washington Prime Group Inc (NYSE: WPG) – Alpha Beta Stock (alphabetastock.com)
- Washington Prime Group Is Not Ready for Prime Time – TheStreet.com (realmoney.thestreet.com)
- Washington Prime Group Inc (WPG) Expected to Post Quarterly Sales of $178.70 Million (americanbankingnews.com)
- Washington Prime Group Inc (WPG) Short Interest Up 12.0% in February (americanbankingnews.com)
Shares of Washington Prime Group stock opened at $6.07 on Monday. The stock has a market capitalization of $1,127.75, a price-to-earnings ratio of 6.13 and a beta of 0.68. Washington Prime Group has a 1-year low of $5.40 and a 1-year 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.
Several research analysts have weighed in on the company. ValuEngine upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a research report on Friday, February 23rd. Zacks Investment Research cut Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, SunTrust Banks set a $8.00 target price on Washington Prime Group and gave the stock a “hold” rating in a report 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 assigned a buy rating to the company’s stock. Washington Prime Group presently has a consensus rating of “Hold” and an average target price of $8.00.
In related news, CEO Louis G. Conforti bought 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.
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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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