Most Active Stock: Washington Prime Group Inc. (WPG)


Washington Prime Group, the Company's majority-owned partnership subsidiary that owns, develops and manages, through its affiliates, all of WPG Inc.'s real estate properties and other assets. JPMorgan Chase & Co. owned 0.30% of Washington Prime Group worth $4,815,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Washington Prime Group Inc Cmn (NYSE:WPG)'s price to free cash flow for trailing twelve months is 0. LLC now owns 924,262 shares of the real estate investment trust's stock valued at $8,032,000 after buying an additional 13,336 shares during the last quarter.

Analysts are also projecting an Average Revenue Estimate for Washington Prime Group $197690 in the Current Quarter. The firm exchanged a volume of 1.81 million shares at hands. Envestnet Asset Management Inc. increased its position in shares of Washington Prime Group by 18.8% in the first quarter. The legal version of this news story can be read at Meeder Asset Management Inc. now owns 75,762 shares of the real estate investment trust's stock worth $659,000 after buying an additional 72,108 shares during the last quarter. Finally, ValuEngine cut shares of Washington Prime Group from a "buy" rating to a "hold" rating in a research note on Tuesday, June 6th. For the current year the company's revenue estimates are $797.65 Million compared to low analyst estimates of $786.6 Million and high estimates of $808.69 Million according to the prediction of 2 analysts. (NYSE:WPG) traded up 3.52% during midday trading on Friday, hitting $8.83.

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Company chares are trading at $8.83 which is slightly above the 50 day moving average of $7.98 and which is marginally lower than the 200 day moving average of $8.97. It has a market cap of $1.54 Billion. (NYSE:WPG), its shares were trading at $8.53 a gain of $0.18, on the trading floor. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.02. The business had revenue of $202.39 million for the quarter, compared to the consensus estimate of $198.72 million. The Return on Equity (ROE) value stands at 6%. They expect $0.41 earnings per share, down 4.65% or $0.02 from last year's $0.43 per share.

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The average 1-year price target for Ameren Corporation (AEE) - averaging the work of different analysts - reveals a mean PT of $55.38/share. After $0.42 actual earnings per share reported by Washington Prime Group Inc for the previous quarter, Wall Street now forecasts -2.38% negative EPS growth. Additionally the company declared a dividend that was paid on Thursday the 15th of June 2017. Stockholders of record on Thursday, June 1st were issued a $0.25 dividend. The ex-dividend date was Tuesday the 30th of May 2017. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.98%.

Washington Prime Group Inc. Recently, the stock has been noticed trading 6.84% away from the 20-day moving average. Finally, Zacks Investment Research downgraded Washington Prime Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 17th. BidaskClub upgraded shares of Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th. The company have shares float of 293.45 million.

In related news, CEO Louis G. Conforti bought 12,125 shares of the company's stock in a transaction dated Friday, May 5th. WPG's current price-earnings ratio amounts to 29.45 times earnings, above the average P/E ratio of 26.90 times earnings. Following the completion of the purchase, the chief executive officer now directly owns 40,825 shares in the company, valued at $336,806.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT).