According to Zacks, “Washington Prime Group Inc. is a retail REIT. The company is engaged in the ownership, management, acquisition and development of retail properties. Washington Prime Group Inc., formerly known as WP Glimcher Inc., is based in COLUMBUS, United States. “
WPG has been the subject of several other research reports. SunTrust Banks set a $4.00 price objective on Washington Prime Group and gave the company a “sell” rating in a research report on Monday, August 26th. ValuEngine upgraded Washington Prime Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. Washington Prime Group presently has a consensus rating of “Hold” and a consensus price target of $4.15.
In other Washington Prime Group news, Director John F. Levy acquired 14,800 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $3.36 per share, for a total transaction of $49,728.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Washington Prime Group in the 2nd quarter valued at $25,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Washington Prime Group in the 2nd quarter valued at $48,000. LexAurum Advisors LLC acquired a new stake in shares of Washington Prime Group in the 2nd quarter valued at $50,000. Enlightenment Research LLC acquired a new stake in shares of Washington Prime Group in the 2nd quarter valued at $54,000. Finally, Jefferies Group LLC acquired a new stake in shares of Washington Prime Group in the 2nd quarter valued at $61,000. 86.07% of the stock is owned by institutional investors.
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.
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