November 21, 2016 - By Marie Mckinney · 0 Comments
The stock of Washington Prime Group Incorporated (NYSE:WPG) registered an increase of 18.13% in short interest. WPG’s total short interest was 7.70M shares in November as published by FINRA. Its up 18.13% from 6.52 million shares, reported previously. With 2.25M shares average volume, it will take short sellers 3 days to cover their WPG’s short positions. The short interest to Washington Prime Group Incorporated’s float is 4.17%. The stock closed at $10.16 during the last session. It is down 0.59% since April 19, 2016 and is uptrending. It has underperformed by 3.27% the S&P500.
Washington Prime Group Inc., formerly WP Glimcher Inc., is a real estate investment trust . The company has a market cap of $1.86 billion. The Firm is engaged in ownership, development and management of retail real estate properties. It currently has negative earnings. Washington Prime Group, L.P. (WPG L.P.) is the Company’s subsidiary that owns, through its affiliates, the Company’s real estate properties and other assets.
Out of 4 analysts covering WP Glimcher (NYSE:WPG), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. WP Glimcher has been the topic of 6 analyst reports since January 6, 2016 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, July 15. The rating was downgraded by SunTrust on Friday, January 22 to “Neutral”. The rating was downgraded by Suntrust Robinson on Friday, January 22 to “Neutral”. The rating was upgraded by Boenning & Scattergood to “Neutral” on Wednesday, April 6. The stock of Washington Prime Group Inc (NYSE:WPG) has “Buy” rating given on Wednesday, January 6 by Goldman Sachs.
Washington Prime Group Inc., formerly WP Glimcher Inc., incorporated on December 13, 2013, is a real estate investment trust (REIT). The Firm is engaged in ownership, development and management of retail real estate properties. Washington Prime Group, L.P. (WPG L.P.) is the Company’s subsidiary that owns, through its affiliates, the Company’s real estate properties and other assets. The Company’s assets consist of interests in approximately 120 shopping centers in the United States, consisting of community centers and malls. The Company’s properties consist of approximately 70 million square feet of gross leasable area. The Firm also owns parcels of land, which can be used for either the development of shopping centers or the expansion of existing properties.
More important recent Washington Prime Group Inc (NYSE:WPG) news were published by: Reuters.com which released: “BRIEF-Washington Prime Group Inc Q3 adjusted FFO per share $0.46 excluding…” on November 02, 2016, also Businesswire.com published article titled: “Washington Prime Group Announces Appointment of Sheryl von Blucher to Board of …”, Bizjournals.com published: “Glimcher name dropped as mall operator rebrands as ‘Washington Prime Group'” on September 01, 2016. More interesting news about Washington Prime Group Inc (NYSE:WPG) was released by: Businesswire.com and their article: “Washington Prime Group Announces Timing of Third Quarter 2016 Conference Call” with publication date: October 06, 2016.
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By Marie Mckinney