Shares of Washington Prime Group Inc. (NYSE:WPG) traded at a new 52-week low today of $1.69. Approximately 2.8 million shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.
Based on a current price of $1.79, Washington Prime Group Inc. is currently 67.3% above its average consensus analyst price target of $0.59.
Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company’s portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida.It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.
Washington Prime Group Inc. share prices have moved between a 52-week high of $24.21 and the current low of $1.69 and are currently at $1.79 per share.
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