New York State Teachers Retirement System lifted its holdings in Washington Prime Group Inc (NYSE:WPG) by 22.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,078 shares of the real estate investment trust’s stock after acquiring an additional 77,295 shares during the period. New York State Teachers Retirement System owned approximately 0.22% of Washington Prime Group worth $3,374,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WPG. Global X Management Co. LLC increased its position in shares of Washington Prime Group by 54.1% in the first quarter. Global X Management Co. LLC now owns 1,577,327 shares of the real estate investment trust’s stock worth $10,521,000 after acquiring an additional 553,800 shares in the last quarter. Arnhold LLC acquired a new stake in shares of Washington Prime Group in the first quarter worth $3,685,000. JPMorgan Chase & Co. increased its position in shares of Washington Prime Group by 33.4% in the first quarter. JPMorgan Chase & Co. now owns 2,008,283 shares of the real estate investment trust’s stock worth $13,396,000 after acquiring an additional 502,978 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Washington Prime Group by 14.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,793,308 shares of the real estate investment trust’s stock worth $25,302,000 after acquiring an additional 470,747 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Washington Prime Group by 65.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 922,119 shares of the real estate investment trust’s stock worth $6,151,000 after acquiring an additional 366,438 shares in the last quarter. 83.93% of the stock is owned by institutional investors.

WPG has been the subject of several recent research reports. Zacks Investment Research raised shares of Washington Prime Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. ValuEngine lowered shares of Washington Prime Group from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. TheStreet lowered shares of Washington Prime Group from a “c” rating to a “d+” rating in a research report on Thursday, July 26th. Finally, Boenning Scattergood reissued a “sell” rating and issued a $6.00 price objective on shares of Washington Prime Group in a research report on Friday, April 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Washington Prime Group has a consensus rating of “Hold” and a consensus target price of $7.00.

Washington Prime Group stock opened at $7.63 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of 4.68 and a beta of 0.64. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.02. Washington Prime Group Inc has a 52-week low of $5.40 and a 52-week high of $8.87.

Washington Prime Group (NYSE:WPG) last announced its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.32). The firm had revenue of $178.73 million during the quarter, compared to analysts’ expectations of $182.11 million. Washington Prime Group had a net margin of 10.05% and a return on equity of 7.03%. Washington Prime Group’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. research analysts anticipate that Washington Prime Group Inc will post 1.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 31st. This represents a $1.00 annualized dividend and a dividend yield of 13.11%. Washington Prime Group’s dividend payout ratio (DPR) is presently 61.35%.

In other news, CEO Louis G. Conforti bought 20,500 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average cost of $7.31 per share, for a total transaction of $149,855.00. Following the completion of the purchase, the chief executive officer now owns 141,715 shares of the company’s stock, valued at $1,035,936.65. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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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