Washington Prime Group Inc (WPG) Shares Bought by LS Investment Advisors LLC

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LS Investment Advisors LLC boosted its position in shares of Washington Prime Group Inc (NYSE:WPG) by 203.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,602 shares of the real estate investment trust’s stock after acquiring an additional 13,814 shares during the quarter. LS Investment Advisors LLC’s holdings in Washington Prime Group were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Washington Prime Group in the fourth quarter valued at approximately $60,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Washington Prime Group in the fourth quarter valued at approximately $78,000. Redpoint Investment Management Pty Ltd acquired a new position in shares of Washington Prime Group in the third quarter valued at approximately $101,000. Regent Investment Management LLC increased its holdings in shares of Washington Prime Group by 44.3% in the fourth quarter. Regent Investment Management LLC now owns 26,049 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 8,000 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Washington Prime Group by 55.6% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,450 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 8,023 shares during the period. 84.41% of the stock is currently owned by institutional investors.

Washington Prime Group stock opened at $5.77 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 3.26. Washington Prime Group Inc has a 1-year low of $4.63 and a 1-year high of $8.44. The company has a market capitalization of $1.07 billion, a P/E ratio of 3.54 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 17.33%. Washington Prime Group’s dividend payout ratio (DPR) is presently 61.35%.

In other Washington Prime Group news, Director Blucher Sheryl G. Von purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were purchased at an average cost of $4.84 per share, for a total transaction of $121,000.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $121,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Laikin purchased 49,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average price of $6.09 per share, for a total transaction of $299,628.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 94,947 shares of company stock worth $520,421. Company insiders own 0.41% of the company’s stock.

A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Washington Prime Group from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. SunTrust Banks lowered Washington Prime Group from a “hold” rating to a “sell” rating and set a $5.20 target price on the stock. in a report on Tuesday, January 15th. Finally, Goldman Sachs Group downgraded Washington Prime Group from a “neutral” rating to a “sell” rating and decreased their price target for the company from $6.60 to $4.30 in a research note on Tuesday, December 18th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The company has a consensus rating of “Sell” and a consensus target price of $5.17.

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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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