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:

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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.

Washington Prime Group (NYSE WPG) traded down $0.29 during trading hours on Wednesday, hitting $6.19. The company had a trading volume of 2,884,181 shares, compared to its average volume of 2,740,000. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1,150.00, a P/E ratio of 7.20 and a beta of 0.69. Washington Prime Group has a twelve month low of $5.40 and a twelve month high of $9.79.

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.

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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.

Insider Buying and Selling by Quarter for Washington Prime Group (NYSE:WPG)

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