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.
Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com