Zacks Investment Research recorded Washington Prime Group Inc (NYSE:WPG), hiking its price target to $13.00 earlier today
- Updated: October 6, 2016
Displaying a price of $11.55, Washington Prime Group Inc (NYSE:WPG) traded -2.68% lower on the day. The last stock close price is up 1.30% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. WPG has recorded a 50-day average of $12.86 and a two hundred day average of $11.45. 2,436,168 shares of WPG traded hands, up from an average trading volume of 1,851,480
In a report released on 10/6/2016 Zacks Investment Research raised the target price of Washington Prime Group Inc (NYSE:WPG) to $13.00 stating a potential upside of 0.13%.
Recent Performance Chart
Washington Prime Group Inc has a with a one year low of $7.41 and a one year high of $14.15 WPG’s market capitalization is currently $0.
General Company Details For Washington Prime Group Inc (NYSE:WPG)
Washington Prime Group Inc., formerly WP Glimcher Inc., is a real estate investment trust (REIT). The Company 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. Its properties consist of approximately 70 million square feet of gross leasable area. The Company also owns parcels of land, which can be used for either the development of shopping centers or the expansion of existing properties. The Company focuses on retail tenant leases, including fixed minimum rent leases, percentage rent leases based on tenants' sales volumes and reimbursements from tenants for certain expenses. The Company's properties are leased to various tenants.
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