Washington Prime Group Inc (WPG) Stake Lessened by QS Investors LLC

QS Investors LLC lessened its stake in Washington Prime Group Inc (NYSE:WPG) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,438 shares of the real estate investment trust’s stock after selling 13,569 shares during the quarter. QS Investors LLC owned 0.18% of Washington Prime Group worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Washington Prime Group by 1.1% in the 4th quarter. BlackRock Inc. now owns 25,151,655 shares of the real estate investment trust’s stock worth $179,078,000 after purchasing an additional 263,524 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Washington Prime Group by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 7,266,444 shares of the real estate investment trust’s stock worth $51,737,000 after purchasing an additional 699,063 shares during the last quarter. Private Management Group Inc. raised its position in shares of Washington Prime Group by 169.6% in the 4th quarter. Private Management Group Inc. now owns 4,725,510 shares of the real estate investment trust’s stock worth $33,646,000 after purchasing an additional 2,972,581 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Washington Prime Group by 9.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,322,561 shares of the real estate investment trust’s stock worth $23,657,000 after purchasing an additional 274,262 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Washington Prime Group by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,802,946 shares of the real estate investment trust’s stock worth $23,349,000 after purchasing an additional 130,514 shares during the last quarter. 91.92% of the stock is owned by hedge funds and other institutional investors.

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In other Washington Prime Group news, CEO Louis G. Conforti bought 28,198 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $6.49 per share, with a total value of $183,005.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Washington Prime Group Inc (WPG) opened at $6.20 on Tuesday. Washington Prime Group Inc has a 52-week low of $5.40 and a 52-week high of $9.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $1,127.75, a PE ratio of 6.26 and a beta of 0.68.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 16.13%. The ex-dividend date was Friday, March 2nd. Washington Prime Group’s dividend payout ratio (DPR) is 101.01%.

WPG has been the subject of several recent analyst reports. SunTrust Banks set a $8.00 price target on Washington Prime Group and gave the stock a “hold” rating in a research report on Monday, January 22nd. Boenning Scattergood reaffirmed a “sell” rating on shares of Washington Prime Group in a research report on Friday, February 23rd. ValuEngine raised Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.00.

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

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