Somewhat Positive News Coverage Somewhat Unlikely to Impact Washington Prime Group (NYSE:WPG) Share Price
News coverage about Washington Prime Group (NYSE:WPG) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Washington Prime Group earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.919834641361 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Stocks Roundup: Precision Drilling Corporation (NYSE:PDS), Washington Prime Group Inc. (NYSE:WPG) – The Oracle Examiner (oracleexaminer.com)
- Washington Prime Group Inc. (WPG) – Watch List stock – Wall Street Morning (wallstreetmorning.com)
- Washington Prime Group to Acquire Four Sears Stores Located at Tier One Assets through a Sale-Leaseback – GlobeNewswire (press release) (globenewswire.com)
- Washington Prime Group to Acquire Four Sears Stores Located at Tier One Assets through a Sale-Leaseback NYSE:WPG (menafn.com)
- Washington Prime Group Inc (WPG) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Several analysts have issued reports on WPG shares. ValuEngine raised Washington Prime Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $8.00 price target on Washington Prime Group and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Boenning Scattergood reaffirmed a “sell” rating on shares of Washington Prime Group in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.00.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 16.16%. The ex-dividend date is Friday, March 2nd. Washington Prime Group’s dividend payout ratio is currently 116.28%.
In related news, CEO Louis G. Conforti bought 28,198 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of $6.49 per share, with a total value of $183,005.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Marea Informative and is owned by of Marea Informative. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.mareainformativa.com/2018/03/14/washington-prime-group-wpg-receives-daily-news-impact-score-of-0-20-updated-updated-updated.html.
Washington Prime Group Company Profile
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.
Receive News & Ratings for Washington Prime Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Prime Group and related companies with MarketBeat.com's FREE daily email newsletter.