Finance

Wedbush Securities Inc. Takes Position in Washington Prime Group Inc (WPG)

Wedbush Securities Inc. Takes Position in Washington Prime Group Inc (WPG)

The share price of the stock plunged -10.09% for the year.

Based on their most recently released notes to investors, 0 analysts have a rating of "buy", 0 analysts "outperform", 3 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Insiders bought 53,084 shares of company stock valued at $449,180 over the last 90 days. Raymond James Financial Services Advisors Inc. increased its position in shares of Washington Prime Group by 188.6% in the fourth quarter. Teza Capital Management LLC acquired a new position in Washington Prime Group during the first quarter worth approximately $103,000. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Finally, Federated Investors Inc. Investors measure stock performance on the basis of a company's earnings power.

On Tuesday, Shares of Washington Prime Group Inc (NYSE:WPG) lost -4.06% to $7.56. Following the transaction, the executive vice president now owns 7,205 shares of the company's stock, valued at approximately $58,720.75. Washington Prime Group Inc has a 52-week low of $7.31 and a 52-week high of $14.15. Its book value per share for the most recent quarter is $4.6 while its price to book ratio for the same period is 1.64, as for as the company's cash per share for the most recent quarter is $0.48, however its price to cash per share ratio for the same period is 15.61.

Washington Prime Group (NYSE:WPG) last issued its quarterly earnings results on Wednesday, April 26th.

During the same time revenue is predicted to reduce slightly from $835 Million M to $781 Million M in 2020 and profits (net income) are predicted to be slashed from $67 Million to $40 Million in 2020, during this period margins are expected to be not high but still acceptable at 5.2%. The business had revenue of $202.39 million during the quarter, compared to analyst estimates of $198.72 million. The sentiment is bearish, with estimated 3 year future earnings dropping to $0.26 from previous levels of around $0.29. Its sales stood at 4.00% a year on average in the period of last five years.

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Now have a look at past performance (weekly performance to year to date performance) how Washington Prime Group Inc. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law. If you are viewing this article on another website, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws.

COPYRIGHT VIOLATION WARNING: "Washington Prime Group Inc (WPG) Stock Rating Upgraded by Zacks Investment Research" was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. Following the acquisition, the chief executive officer now directly owns 28,700 shares in the company, valued at $249,116. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares are at this time trading -5.33% less than its SMA 50 and -3.39% under its SMA 200. The stock was acquired at an average price of $8.15 per share, with a total value of $50,041.00. The disclosure for this purchase can be found here.

In related news, CEO Louis G. Conforti purchased 28,700 shares of the company's stock in a transaction dated Friday, March 31st.

There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Washington Prime Group Inc. The Company's primary business is the ownership, development and management of retail real estate within the United States. Since inception, O'Connor has acquired or developed over $30 billion of property, including over 55 million square feet of retail space and over 30,000 residential units globally.


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