Stifel Financial Corp Acquires 6,986 Shares of Washington Prime Group Inc (WPG)

Stifel Financial Corp lifted its position in Washington Prime Group Inc (NYSE:WPG) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,077 shares of the real estate investment trust’s stock after buying an additional 6,986 shares during the period. Stifel Financial Corp’s holdings in Washington Prime Group were worth $248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPG. Truehand Inc acquired a new position in Washington Prime Group in the 4th quarter worth $29,000. Sheaff Brock Investment Advisors LLC acquired a new position in Washington Prime Group in the 4th quarter worth $60,000. NumerixS Investment Technologies Inc acquired a new position in Washington Prime Group in the 4th quarter worth $61,000. Oregon Public Employees Retirement Fund acquired a new position in Washington Prime Group in the 4th quarter worth $71,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Washington Prime Group in the 4th quarter worth $78,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

In other news, CEO Louis G. Conforti bought 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $4.55 per share, for a total transaction of $102,375.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joshua Lindimore sold 5,116 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $5.75, for a total transaction of $29,417.00. Following the completion of the sale, the senior vice president now owns 18,920 shares of the company’s stock, valued at $108,790. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,129 shares of company stock valued at $98,010. Company insiders own 0.72% of the company’s stock.

WPG has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. SunTrust Banks downgraded shares of Washington Prime Group from a “hold” rating to a “sell” rating and set a $5.20 price objective for the company. in a research note on Tuesday, January 15th. Finally, TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a research note on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, The stock has an average rating of “Sell” and a consensus price target of $4.75.

Shares of Washington Prime Group stock traded up $0.05 during trading hours on Friday, reaching $4.75. 1,598,371 shares of the company’s stock were exchanged, compared to its average volume of 3,761,641. Washington Prime Group Inc has a fifty-two week low of $4.23 and a fifty-two week high of $8.44. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $876.53 million, a price-to-earnings ratio of 3.15 and a beta of 1.01.

Washington Prime Group (NYSE:WPG) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.32). Washington Prime Group had a return on equity of 7.53% and a net margin of 9.96%. The business had revenue of $168.82 million for the quarter, compared to analyst estimates of $169.27 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Washington Prime Group Inc will post 1.2 earnings per share for the current year.

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Washington Prime Group Profile

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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Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

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