Washington Prime Group Inc. (NYSE:WPG) has a beta value of 1.43 and has seen 3.17 million shares traded in the last trading session. The company, currently valued at $42.11M, closed the last trade at $1.49 per share which meant it lost -$0.23 on the day or -13.37% during that session. The WPG stock price is -1010.74% off its 52-week high price of $16.55 and 16.11% above the 52-week low of $1.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.83 million shares traded. The 3-month trading volume is 4.55 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 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
Washington Prime Group Inc. (NYSE:WPG) trade information
Sporting -13.37% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the WPG stock price touched $1.49 or saw a rise of 28.37%. Year-to-date, Washington Prime Group Inc. shares have moved -77.11%, while the 5-day performance has seen it change 12.88%. Over the past 30 days, the shares of Washington Prime Group Inc. (NYSE:WPG) have changed 7.97%. Short interest in the company has seen 3.98 million shares shorted with days to cover at 1.69.
Wall Street analysts have a consensus price target for the stock at $3.00, which means that the shares’ value could jump 50.33% from current levels. The projected low price target is $3.00 while the price target rests at a high of $3.00. In that case, then, we find that the current price level is -101.34% off the targeted high while a plunge would see the stock gain -101.34% 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 -18.13% over the past 6 months, with this year growth rate of -21.32%, compared to 7.10% for the industry. Revenue growth from the last financial year stood is estimated to be -0.70%.
1 analysts offering their estimates for the company have set an average revenue estimate of $129.77 million for the current quarter. 1 have an estimated revenue figure of $129.89 million for the next quarter concluding in Sep 2021. Year-ago sales stood $98.76 million and $123.68 million respectively for this quarter and the next, and analysts expect sales will grow by 31.40% for the current quarter and 5.00% for the next.
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 -17.40% over the past 5 years.
Washington Prime Group Inc. is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Washington Prime Group Inc. (NYSE:WPG)’s Major holders
Insiders own 1.34% of the company shares, while shares held by institutions stand at 15.83% with a share float percentage of 16.04%. Investors are also buoyed by the number of investors in a company, with Washington Prime Group Inc. having a total of 106 institutions that hold shares in the company. The top two institutional holders are Littlejohn & Co LLC with over 0.6 million shares worth more than $1.31 million. As of Jun 29, 2021, Littlejohn & Co LLC held 2.47% of shares outstanding.
The other major institutional holder is Private Management Group, Inc., with the holding of over 0.45 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $0.97 million and represent 1.84% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF and Schwab Capital Trust-Schwab U.S. Fundamental Small Co Index Fund. As of May 30, 2021, the former fund manager holds about 3.57% shares in the company for having 0.87 million shares of worth $1.94 million while later fund manager owns 0.41 million shares of worth $1.01 million as of Apr 29, 2021, which makes it owner of about 1.67% of company’s outstanding stock.