Washington Prime Group (WPG) - Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Washington Prime Group (NYSE: WPG) in the last few weeks:

• 8/2/2017 – Washington Prime Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
• 7/31/2017 – Washington Prime Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
• 7/28/2017 – Washington Prime Group had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
• 7/26/2017 – Washington Prime Group was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
• 6/27/2017 – Washington Prime Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
• 6/6/2017 – Washington Prime Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Washington Prime Group Inc (NYSE:WPG) opened at 8.49 on Friday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 9.23 and a beta of 0.94. The firm’s 50-day moving average is $8.57 and its 200-day moving average is $8.72. Washington Prime Group Inc has a 52 week low of $7.31 and a 52 week high of $14.15.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The company had revenue of $189.17 million for the quarter, compared to analyst estimates of $197.69 million. Washington Prime Group had a return on equity of 60.18% and a net margin of 86.96%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, equities analysts anticipate that Washington Prime Group Inc will post $1.05 earnings per share for the current year.

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.