Washington Prime Group (NYSE:WPG) Getting Somewhat Positive News Coverage, Study Finds

Media headlines about Washington Prime Group (NYSE:WPG) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, 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 gave news stories about the real estate investment trust an impact score of 46.816591209272 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

WPG has been the topic of several research reports. ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Washington Prime Group from a “sell” rating to a “hold” rating in a report on Thursday, December 28th. SunTrust Banks set a $8.00 price objective on shares of Washington Prime Group and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a report on Friday, February 23rd. Two 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. The company has a consensus rating of “Hold” and a consensus target price of $8.00.

Shares of NYSE:WPG traded up $0.07 on Thursday, hitting $6.67. The company had a trading volume of 4,052,000 shares, compared to its average volume of 2,788,647. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.07 and a quick ratio of 0.07. Washington Prime Group has a 1-year low of $5.40 and a 1-year high of $9.79. The company has a market cap of $1,150.05, a P/E ratio of 6.74 and a beta of 0.68.

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 the Thomson Reuters’ consensus estimate 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 business had revenue of $187.24 million during the quarter, compared to analyst estimates of $192.93 million. equities research analysts expect that Washington Prime Group will post 1.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a $0.25 dividend. The ex-dividend date was Friday, March 2nd. This represents a $1.00 annualized dividend and a dividend yield of 14.99%. Washington Prime Group’s dividend payout ratio (DPR) is presently 101.01%.

In other Washington Prime Group news, CEO Louis G. Conforti purchased 28,198 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $6.49 per share, for a total transaction of $183,005.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Washington Prime Group (NYSE:WPG)

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