Washington Prime Group Inc Expected to Post Q1 2019 Earnings of $0.39 Per Share (WPG)

Washington Prime Group Inc (NYSE:WPG) – Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for Washington Prime Group in a report released on Tuesday. Boenning Scattergood analyst F. Van. Dijkum anticipates that the real estate investment trust will post earnings of $0.39 per share for the quarter. Boenning Scattergood currently has a “Sell” rating on the stock. Boenning Scattergood also issued estimates for Washington Prime Group’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.56 EPS.

A number of other brokerages have also weighed in on WPG. Zacks Investment Research upgraded Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold”.

Washington Prime Group (NYSE WPG) traded up $0.03 on Wednesday, reaching $7.10. The company’s stock had a trading volume of 3,488,305 shares, compared to its average volume of 2,880,000. Washington Prime Group has a 52 week low of $6.62 and a 52 week high of $10.40. The stock has a market capitalization of $1,320.00, a price-to-earnings ratio of 9.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07.

Washington Prime Group (NYSE:WPG) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Washington Prime Group had a net margin of 21.85% and a return on equity of 16.17%. The company had revenue of $179.32 million during the quarter, compared to analysts’ expectations of $188.54 million. During the same quarter last year, the firm earned $0.46 EPS. Washington Prime Group’s revenue for the quarter was down 14.6% on a year-over-year basis.

Several hedge funds have recently modified their holdings of the company. Amalgamated Bank grew its stake in shares of Washington Prime Group by 2.0% during the second quarter. Amalgamated Bank now owns 26,509 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 524 shares during the last quarter. Comerica Bank grew its stake in shares of Washington Prime Group by 0.6% during the second quarter. Comerica Bank now owns 143,362 shares of the real estate investment trust’s stock worth $1,300,000 after acquiring an additional 786 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Washington Prime Group by 13.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,322 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 1,742 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Washington Prime Group by 1.9% during the second quarter. Public Employees Retirement System of Ohio now owns 227,595 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 4,270 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its stake in shares of Washington Prime Group by 18.2% during the second quarter. First Allied Advisory Services Inc. now owns 32,184 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 4,947 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.08%. Washington Prime Group’s payout ratio is 138.89%.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2018/01/12/washington-prime-group-inc-expected-to-post-q1-2019-earnings-of-0-39-per-share-wpg.html.

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.

Earnings History and Estimates for Washington Prime Group (NYSE:WPG)

What are top analysts saying about Washington Prime Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Washington Prime Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit