WPG-PI - Washington Prime Group Inc.
| Previous Close | 19.40 |
| Open | 19.57 |
| Bid | 19.50 x 1800 |
| Ask | 19.60 x 1000 |
| Day's Range | 19.46 - 19.75 |
| 52 Week Range | 12.05 - 21.99 |
| Volume | 4,520 |
| Avg. Volume | 24,647 |
| Market Cap | 1.055B |
| Beta (3Y Monthly) | 0.66 |
| PE Ratio (TTM) | 58.53 |
| EPS (TTM) | 0.33 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.72 (8.77%) |
| Ex-Dividend Date | 2019-06-27 |
| 1y Target Est | N/A |
- American City Business Journals•10 days ago
WestShore Plaza's ownership is negotiating deals with retailers and joint venture partners for Sears redevelopment
In an age when brick-and-mortar storefronts are shuttering locations by the dozen, the ownership of WestShore Plaza plans to kick off the redevelopment of its Sears store by building more retail space. Instead, joined with new restaurant and residential space, Washington Prime expects the redevelopment to be a boost to its current tenants, too.
- American City Business Journals•16 days ago
Why a downtown luxe hotel project morphed into a $70M apartment tower
The explosive growth in Central Florida — which absorbs roughly 1,500 new residents weekly — has driven demand for new housing.
- Markit•18 days ago
See what the IHS Markit Score report has to say about Washington Prime Group Inc.
Washington Prime Group Inc NYSE:WPGView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is extremely high for WPG with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting WPG. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $21 million over the last one-month into ETFs that hold WPG are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Insider Monkey•21 days ago
Here’s What Hedge Funds Think About Washington Prime Group Inc. (WPG)
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable […]
- GuruFocus.com•22 days ago
Washington Prime Group Inc (WPG) CEO Louis G Conforti Bought $102,375 of Shares
CEO of Washington Prime Group Inc (NYSE:WPG) Louis G Conforti bought 22,500 shares of WPG on 05/01/2019 at an average price of $4.55 a share.
- Motley Fool•25 days ago
Washington Prime Earnings: This 22%-Yield REIT Is Still in Trouble
The struggling mall REIT isn't making it easy for investors to understand how it is faring -- perhaps because its turnaround efforts aren't helping yet.
- American City Business Journals•25 days ago
Large Central Florida shopping center to undergo facelift
Upgrades are planned for a nearly 400,000-square-foot shopping center in Altamonte Springs. Columbus, Ohio-based Washington Prime Group Inc. (NYSE: WPG) expects to renovate West Town Corners at 280 S. State Road 434, according to city of Altamonte Springs documents. The firm didn't reveal the cost and scope of the renovations to the 379,220-square-foot shopping center, where Washington Prime Group is the majority owner.
- American City Business Journals•26 days ago
Washington Prime CEO: 'We are far from delusional' but retail sector not as bad as reports say
"We are far from delusional and realize our sector desperately needed this clean up," he said. "However, incomplete and inaccurate data should be addressed with rigorous quantitative and qualitative analysis."
Motley Fool•29 days agoWashington Prime Group Inc (WPG) Q1 2019 Earnings Call Transcript
WPG earnings call for the period ending March 31, 2019.
- Associated Press•last month
Washington Prime Group: 1Q Earnings Snapshot
The Columbus, Ohio-based real estate investment trust said it had funds from operations of $70.1 million, or 31 cents per share, in the period. Funds from operations is a closely watched measure in the ...
- Motley Fool•last month
This REIT Yields 15.3% -- and Its Turnaround Is Working
Investors are treating PREIT like it's about to be devastated by the retail apocalypse, but its efforts to drive more traffic to its malls are already bearing fruit.
- American City Business Journals•2 months ago
Work, bowl, live: Washington Prime Group wants its malls to be more than places to shop
"We've seen a tremendous amount of disruption," said Lisa Indest, executive vice president and chief accounting officer for the malls and shopping center holding company. This past year, the company has repeatedly sought to reassure investors amid major retailer bankruptcies – including Sears, Bon-Ton, Toys 'R Us and others – in each case releasing a public rundown of how these big-box retailer shutdowns impact its business. Vacancies at U.S. shopping centers hit 9.3 percent last month, the highest level in eight years, reports the Financial Times, citing an affiliate of Moody's Analytics.
- American City Business Journals•2 months ago
Oak Court executives stress property's success, thinking 'outside the box'
"The word 'mall' in this day and age is obsolete, and we know that. It's why we have to be extremely diverse in our tenant mix, create awesome events, [and attract] local eateries."
- The Wall Street Journal•3 months ago
[$$] S&P Downgrades Washington Prime to Junk Territory
Inc. on Friday over concerns about the retail industry, becoming the third credit agency this year to cut the owner of 108 shopping centers to junk status. The ratings agency lowered Washington’s rating to BB from BBB-, the cutoff for investment grade. “The negative outlook reflects our view that Washington Prime’s operating environment will continue to be pressured over the next year as tenant bankruptcies and store closures could further deteriorate its business prospects,” S&P analyst Kristina Koltunicki wrote.
- Motley Fool•3 months ago
This High-Yield REIT Stock Is Dangerous to Own
Despite management's confident tone and ambitious plans, Washington Prime could struggle when the next economic downturn hits.
- Associated Press•3 months ago
Washington Prime Group: 4Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ Washington Prime Group Inc. (WPG) on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Columbus, Ohio, said it had funds from operations of $84 million, or 38 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry.
- GlobeNewswire•4 months ago
Washington Prime Group Announces Tax Reporting Information for 2018 Distributions
COLUMBUS, Ohio, Jan. 18, 2019 -- Washington Prime Group Inc. (NYSE:WPG) today announced the 2018 tax reporting information (Federal Form 1099) for distributions as shown below..
- American City Business Journals•5 months ago
WestShore Plaza owner envisions office space, condos, grocer and more on Sears' real estate (Renderings)
The ownership of WestShore Plaza wants to replace Sears and a sea of surface parking with multiple buildings — including a few high rises — that could be home to anything from condos and apartments to office space to a grocery store. Washington Prime Group (NYSE: WPG) is asking the city rezone the entire mall from regional mall, mall anchor and restaurant uses to more specific uses to make way for a massive redevelopment on the northeast corner of the property. Sears' bankruptcy, WestShore Plaza says in its filing, has "created an opportunity for WPG to ensure the long-term viability of WestShore Plaza by embarking on a redevelopment of not only the Sears retail footprint but also the adjacent parking fields and restaurant outparcels." The redevelopment includes the Sears department store and surface parking that stretches from south of Gray Street almost to Kennedy Boulevard (the Bank of America office and gas station that front Kennedy are not owned by Washington Prime and are not part of the rezoning, but Seasons 52 is).
American City Business Journals•5 months agoBoynton Beach Mall could be redeveloped
A city-initiated rezoning could lead to the redevelopment of the struggling Boynton Beach Mall. While many malls in South Florida have weathered the e-commerce storm hitting retailers fairly well, the Boynton Beach Mall has experienced challenges with vacancies, such as the Sears there that is slated to close after the holiday season. On Dec. 17, the city’s Planning and Development Board will consider a city staff-initiated land use change to rezone the 108.3-acre mall site from Development of Regional Impact to mixed-use low.
- American City Business Journals•6 months ago
'Nikola' name on Scottsdale Quarter rendering causes confusion
A building rendering name at Scottsdale Quarter is causing some confusion since it is the name is a tech-focused Valley company that has two big projects announced and underway.
