Great West Life Assurance Co. Can Bought 4,734 Shares of Washington Prime Group Inc (WPG)

Great West Life Assurance Co. Can Bought 4,734 Shares of Washington Prime Group Inc (WPG)

Great West Life Assurance Co. Can raised its stake in Washington Prime Group Inc (NYSE:WPG) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 203,601 shares of the real estate investment trust’s stock after buying an additional 4,734 shares during the period. Great West Life Assurance Co. Can’s holdings in Washington Prime Group were worth $1,767,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WPG. Camelot Portfolios LLC boosted its stake in Washington Prime Group by 14.6% in the first quarter. Camelot Portfolios LLC now owns 253,761 shares of the real estate investment trust’s stock worth $2,205,000 after buying an additional 32,239 shares during the period. Oregon Public Employees Retirement Fund raised its position in Washington Prime Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 65,082 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 900 shares during the period. Breton Hill Capital Ltd. raised its position in Washington Prime Group by 0.7% in the first quarter. Breton Hill Capital Ltd. now owns 49,994 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 341 shares during the period. Real Estate Management Services LLC raised its position in Washington Prime Group by 10.5% in the first quarter. Real Estate Management Services LLC now owns 3,390,900 shares of the real estate investment trust’s stock worth $29,467,000 after buying an additional 321,300 shares during the period. Finally, ProShare Advisors LLC raised its position in Washington Prime Group by 15.1% in the first quarter. ProShare Advisors LLC now owns 111,901 shares of the real estate investment trust’s stock worth $765,000 after buying an additional 14,662 shares during the period. Hedge funds and other institutional investors own 91.88% of the company’s stock.

Shares of Washington Prime Group Inc (NYSE:WPG) opened at 7.77 on Tuesday. The stock has a 50 day moving average price of $8.36 and a 200 day moving average price of $9.22. Washington Prime Group Inc has a one year low of $7.31 and a one year high of $14.15. The stock has a market capitalization of $1.44 billion, a P/E ratio of 26.79 and a beta of 1.00.

Washington Prime Group (NYSE:WPG) last released its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $202.39 million for the quarter, compared to analysts’ expectations of $198.72 million. Washington Prime Group had a negative return on equity of 5.18% and a negative net margin of 6.87%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. Equities analysts forecast that Washington Prime Group Inc will post $1.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.87%. The ex-dividend date is Tuesday, May 30th. Washington Prime Group’s dividend payout ratio is currently -212.77%.

Separately, Zacks Investment Research raised Washington Prime Group from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Wednesday, May 10th.

In other Washington Prime Group news, CEO Louis G. Conforti bought 28,700 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The shares were purchased at an average price of $8.68 per share, with a total value of $249,116.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,700 shares of the company’s stock, valued at approximately $249,116. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Louis G. Conforti bought 12,125 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was acquired at an average cost of $8.25 per share, for a total transaction of $100,031.25. Following the acquisition, the chief executive officer now directly owns 40,825 shares of the company’s stock, valued at $336,806.25. The disclosure for this purchase can be found here. Insiders have bought 53,084 shares of company stock worth $449,180 in the last ninety days. Corporate 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WPG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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