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WPG $0.83

WPG target price
0.83
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Washington Prime Group Inc.
Type
Public company
Traded as NYSE: WPG
Industry Real estate investment trust
Founded May 28, 2014; 3 years ago (2014-05-28)
Headquarters Columbus, Ohio
Key people
ROBERT J. LAIKIN, Chairman
Louis G. Conforti, CEO
MARK E. YALE, CFO
Revenue Decrease $0.843 billion (2016)
Net income
Increase $0.077 billion (2016)
Total assets Decrease $5.107 billion (2016)
Total equity Decrease $1.262 billion (2016)
Number of employees
940 (2016)
Website washingtonprime.com

Washington Prime Group Inc. is a real estate investment trust that invests in shopping centers.

As of December 31, 2016, the company owned interests in 114 properties containing 65 million square feet of leasable area.

Notable properties owned by the company include the following:

On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group.

In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million.

In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher acquired Brunswick Square in East Brunswick, New Jersey and Jefferson Valley Mall in Yorktown Heights, New York from Simon.

On June 20, 2016, CEO Michael P. Glimcher resigned from the company and Louis G. Conforti was named chief executive officer.

In September 2016, the company changed its name back to Washington Prime Group. The company also sold Knoxville Center for $10.15 million.

In May 2017, the company sold a stake in six mall properties for $340 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2021 2021-11-03 Future report Set alerts
Q2 2021 2021-08-09 -3.28 -3.28
Q1 2021 2021-05-10 -2.52 -2.52
Q4 2020 2021-03-16 0.00 0.00
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-08-10 -0.43 -0.43
Q1 2020 2020-05-07 0.02 0.02
Q4 2019 2020-02-26 0.09 0.09
Q3 2019 2019-10-23 -0.02 -0.02
Q2 2019 2019-07-24 -0.09 -0.09

Ratings

2016-06-01 Upgrade Goldman Sachs Neutral to Buy
2016-06-01 Upgrade Goldman Sachs Group Inc. Neutral to Buy
2016-04-20 Reiterated Rating Goldman Sachs Buy
2016-04-06 Upgrade Boenning Scattergood Underperform to Neutral
2016-01-27 Initiated Coverage Boenning Scattergood Underperform
2016-01-22 Downgrade SunTrust Buy to Neutral
2016-01-22 Downgrade SunTrust Banks Inc. Buy to Neutral
2016-01-07 Lower Price Target SunTrust $18.00 to $15.00
2016-01-06 Upgrade Goldman Sachs Neutral to Buy $13.50
2015-06-23 Initiated Coverage Goldman Sachs Neutral $14.00
2014-09-26 Upgrade SunTrust Neutral to Buy
2014-07-21 Initiated Coverage SunTrust Neutral
2016-06-01 Upgrade Goldman Sachs Neutral to Buy
2016-06-01 Upgrade Goldman Sachs Group Inc. Neutral to Buy
2016-04-20 Reiterated Rating Goldman Sachs Buy
2016-04-06 Upgrade Boenning Scattergood Underperform to Neutral
2016-01-27 Initiated Coverage Boenning Scattergood Underperform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In WPG 1 funds of 2213 total. Show all

Fund name Ticker shares
COHEN & STEERS CAPITAL MANAGEMENT INC 2.07M

Major Shareholders

Name Relationship Total Shares Holding stocks
Yale Mark Edward EVP, CFO 0.15%  (235881) GRT / WPG /
Soffer Jacquelyn R 0.06%  (100000) WPG /
CONFORTI LOUIS G 0.06%  (93017) WPG /
ORDAN MARK S CEO 0.03%  (45000) ARCP / HTSI / QCP / WPG /
Indest Melissa A. CAO and SVP, Finance 0.03%  (42356) GRT / WPG /
Mastropietro Armand Executive VP, Property Mgmt. 0.02%  (38404) GRT / WPG /
Overly Niles C 0.02%  (35781) GRT / WPG /
Zimmerman Gregory E Executive VP, Development 0.02%  (31185) WPG /
Ajdaharian Paul S EVP, Head of Open Air Centers 0.02%  (26896) WPG /
LAIKIN ROBERT J 0.01%  (20000) WPG /
Demchak Robert P Secretary and General Counsel 0.01%  (15904) WPG /
Knerr Keric M Executive Vice President & COO 0.01%  (12942) WPG /