Renaissance Group LLC purchased a new stake in shares of Washington Prime Group Inc (NYSE:WPG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 55,490 shares of the real estate investment trust’s stock, valued at approximately $395,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Regent Investment Management LLC bought a new stake in shares of Washington Prime Group during the 4th quarter valued at about $100,000. Jane Street Group LLC bought a new stake in shares of Washington Prime Group during the 3rd quarter valued at about $104,000. Shelton Capital Management bought a new stake in shares of Washington Prime Group during the 2nd quarter valued at about $111,000. Bfsg LLC bought a new stake in shares of Washington Prime Group during the 4th quarter valued at about $135,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Washington Prime Group during the 4th quarter valued at about $150,000. Hedge funds and other institutional investors own 86.96% of the company’s stock.
A number of brokerages have recently issued reports on WPG. Boenning Scattergood reiterated a “sell” rating on shares of Washington Prime Group in a research report on Friday, October 27th. Zacks Investment Research downgraded Washington Prime Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. ValuEngine raised Washington Prime Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, SunTrust Banks set a $8.00 price objective on Washington Prime Group and gave the company a “hold” rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.00.
Washington Prime Group Inc (NYSE WPG) opened at $5.63 on Friday. The firm has a market capitalization of $1,046.00, a PE ratio of 3.37 and a beta of 0.74. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. Washington Prime Group Inc has a 1-year low of $5.40 and a 1-year high of $9.81.
ILLEGAL ACTIVITY WARNING: “Renaissance Group LLC Invests $395,000 in Washington Prime Group Inc (WPG)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2018/02/11/renaissance-group-llc-invests-395000-in-washington-prime-group-inc-wpg.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.