Favorable Media Coverage Extremely Likely to Impact Washington Prime Group (WPG) Share Price
News headlines about Washington Prime Group (NYSE:WPG) have been trending positive on Saturday, Alpha One reports. The research group, a division of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Prime Group earned a daily sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave news stories about the real estate investment trust an impact score of 92 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Alpha One Sentiment’s analysis:
- Is This Just A Random Move? – Washington Prime Group Inc. (WPG), MGIC Investment Corporation (MTG) – AllStockNews (allstocknews.com)
- ETFs with exposure to Washington Prime Group, Inc. : June 15, 2017 (finance.yahoo.com)
- Washington Prime Group Inc. (WPG) Short Interest Up 50.4% in May (americanbankingnews.com)
- Washington Prime Group, Inc. breached its 50 day moving average in a Bullish Manner : WPG-US : June 13, 2017 (finance.yahoo.com)
- Technical Focus: MACD Levels in Focus for Washington Prime Group Inc (WPG) – Stock Daily Review (stockdailyreview.com)
Washington Prime Group (NYSE WPG) traded down 1.21% during midday trading on Friday, hitting $8.14. The stock had a trading volume of 4,337,587 shares. The stock has a 50-day moving average of $8.09 and a 200-day moving average of $9.11. The firm has a market cap of $1.51 billion, a P/E ratio of 28.07 and a beta of 0.93. Washington Prime Group has a 52 week low of $7.31 and a 52 week high of $14.15.
Washington Prime Group (NYSE:WPG) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. Washington Prime Group had a return on equity of 6.36% and a net margin of 8.13%. The firm had revenue of $202.39 million for the quarter, compared to analyst estimates of $198.72 million. During the same quarter last year, the company earned $0.42 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Analysts forecast that Washington Prime Group will post $1.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.29%. The ex-dividend date was Tuesday, May 30th. Washington Prime Group’s dividend payout ratio is presently 500.00%.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 28th. ValuEngine lowered Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th.
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In other Washington Prime Group news, insider Keric M. Knerr bought 6,119 shares of Washington Prime Group stock in a transaction on Tuesday, March 28th. The shares were purchased at an average price of $8.17 per share, with a total value of $49,992.23. Following the acquisition, the insider now owns 12,942 shares in the company, valued at approximately $105,736.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Louis G. Conforti bought 28,700 shares of Washington Prime Group stock in a transaction on Friday, March 31st. The stock was acquired at an average cost of $8.68 per share, for a total transaction of $249,116.00. Following the acquisition, the chief executive officer now owns 28,700 shares in the company, valued at approximately $249,116. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 53,084 shares of company stock worth $449,180. Company insiders own 0.28% of the company’s stock.
About Washington Prime Group
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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