Washington Prime Group Inc. (NYSE:WPG) has a beta value of 1.46 and has seen 1,336,210 shares traded in the last trading session. The company, currently valued at $59.79 Million, closed the last trade at $2.46 per share which meant it gained $0.12 on the day or 5.13% during that session. The WPG stock price is -613.42% off its 52-week high price of $17.55 and 31.3% above the 52-week low of $1.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.04 Million shares traded. The 3-month trading volume is 2.46 Million shares.
The consensus among analysts is that Washington Prime Group Inc. (WPG) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 2 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$1.75.
Washington Prime Group Inc. (NYSE:WPG) trade information
Sporting 5.13% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the WPG stock price touched $2.58-4 or saw a rise of 4.65%. Year-to-date, Washington Prime Group Inc. shares have moved -62.21%, while the 5-day performance has seen it change 15.49%. Over the past 30 days, the shares of Washington Prime Group Inc. (NYSE:WPG) have changed 10.31%. Short interest in the company has seen 5.92 Million shares shorted with days to cover at 2.41.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 21.95% from current levels. The projected low price target is $3 while the price target rests at a high of $3. In that case, then, we find that the current price level is +21.95% off the targeted high while a plunge would see the stock lose 21.95% from current levels.
Washington Prime Group Inc. (WPG) estimates and forecasts
Figures show that Washington Prime Group Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -53.59% over the past 6 months, with this year growth rate of -4.99%, compared to -1.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -1072.2% and 53.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +2%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.4% over the past 5 years. Earnings growth for 2021 is a modest +35.1%.
Washington Prime Group Inc. (NYSE:WPG)’s Major holders
Insiders own 1.41% of the company shares, while shares held by institutions stand at 31.2% with a share float percentage of 31.65%. Investors are also buoyed by the number of investors in a company, with Washington Prime Group Inc. having a total of 150 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 1.9 Million shares worth more than $12.36 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 7.81% of shares outstanding.
The other major institutional holder is Charles Schwab Investment Management Inc., with the holding of over 1.16 Million shares as of December 30, 2020. The firm’s total holdings are worth over $7.54 Million and represent 4.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF. As of January 30, 2021, the former fund manager holds about 3.83% shares in the company for having 931881 shares of worth $13.14 Million while later fund manager owns 664.13 Thousand shares of worth $4.14 Million as of February 27, 2021, which makes it owner of about 2.73% of company’s outstanding stock.