Dividend Alert: Washington Prime Group Inc. (NYSE:WPG) will be paying shareholders dividends of $0.25 on Dec 15, 2016.

Dividend Alert: Washington Prime Group Inc. (NYSE:WPG) will be paying shareholders dividends of $0.25 on Dec 15, 2016.

Washington Prime Group Inc. (NYSE:WPG) is expected to pay $0.25 on Dec 15, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Washington Prime Group Inc.’s current price of $10.32, the dividend is 2.42%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 3, 2016. The stock increased 0.58% or $0.06 during the last trading session, hitting $10.32. Washington Prime Group Inc (NYSE:WPG) has risen 0.29% since April 26, 2016 and is uptrending. It has underperformed by 4.97% the S&P500.

Washington Prime Group Inc., formerly WP Glimcher Inc., is a real estate investment trust . The company has a market cap of $1.92 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.

Washington Prime Group Inc (NYSE:WPG) Ratings Coverage

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. Suntrust Robinson downgraded Washington Prime Group Inc (NYSE:WPG) on Friday, January 22 to “Neutral” rating. The stock of Washington Prime Group Inc (NYSE:WPG) has “Neutral” rating given on Friday, July 15 by Goldman Sachs. The company was upgraded on Wednesday, April 6 by Boenning & Scattergood. The rating was upgraded by Goldman Sachs to “Buy” on Wednesday, January 6. The company was downgraded on Friday, January 22 by SunTrust.

Another recent and important Washington Prime Group Inc (NYSE:WPG) news was published by Reuters.com which published an article titled: “BRIEF-Washington Prime Group Inc Q3 adjusted FFO per share $0.46 excluding…” on November 02, 2016.

WPG Company Profile

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.

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