|Bid||2.7200 x 46000|
|Ask||2.7600 x 3200|
|Day's Range||2.7200 - 2.8400|
|52 Week Range||2.6500 - 5.9400|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||18.13|
|Forward Dividend & Yield||1.00 (36.10%)|
|Ex-Dividend Date||Nov 28, 2019|
|1y Target Est||N/A|
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
A local restaurant is opening a new location in Beavercreek later this year, marking its fifth eatery in the Dayton area.
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Moody's Investors Service, ("Moody's") downgraded all of Washington Prime Group Inc. (WPG)'s ratings, including the ratings of its operating subsidiary, Washington Prime Group, L.P.'s senior unsecured debt to B1 from Ba2.
Polaris Fashion Place's newest addition will bring a new and very different anchor from its more traditional predecessor.
The Boynton Beach Mall could undergo a dramatic redevelopment, with retail space nearly cut in half, and the addition of apartments, hotels, and offices. This is the latest traditional retail center in South Florida to be considered for transformation into a mixed-use project amid a move towards e-commerce. The application noted the Boynton Beach Mall had a 36.8% retail vacancy rate, including the loss of a Sears anchor store.
A shuttered retail store that previously served as an anchor tenant at the Dayton Mall is poised for redevelopment. The former Elder Beerman space, which closed in August 2018, was recently purchased for $3.6 million. The buyer was the mall's owner, Columbus-based Washington Prime Group.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
A strong economy typically lifts the broader market, and a rising broader-market tide will lift a lot of boats. But not all of them. Even in the midst of America's longest bull market, numerous publicly traded companies are struggling - including several dividend stocks whose payouts appear to be on thin ice.Dividend cuts and suspensions are among the worst things that can happen to shareholders - especially those that are relying on that stock for retirement income. Not only are you missing out on cash you were depending on, but the stock's value itself typically suffers ahead of - and after - that kind of announcement.Fortunately for investors, dividend cuts don't come out of nowhere. Even once-proud blue chips such as General Electric (GE) and Kraft Heinz (KHC) telegraphed considerable financial issues before ultimately slashing their regular payouts. But investors need to heed these signs. For instance, high yields - especially if a stock's yield is much higher than its industry peers - can be a sign of heightened risk and a struggling stock (as stock prices go down, dividend yields go up). Also, watch out for companies that pay out most or all of their earnings in dividends, as they will have little breathing room should their profits dip.Here, we look at nine dividend stocks that are flashing warning signs of a payout cut. Some of these companies have already chopped their dividends within the past few years. Some of them have maintained or even grown their payouts of late. In no case is a dividend cut or suspension a guarantee, but all of them face issues that, at the very least, should have current and prospective shareholders on their guard. SEE ALSO: 13 Vulnerable Stocks to Watch If the Market Trembles
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Washington Prime Group has been hit with a credit downgrade, further hampering critical analysis of the company in a roiling retail environment.
Washington Prime Group (WPG) delivered FFO and revenue surprises of 3.70% and -2.83%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
In typically colorful fashion, CEO Lou Conforti expressed excitement at the prospect of the new user by quoting the movie Dodgeball.
The acquisition was part of a larger, four mall, 3.9 million-square-foot land buy portfolio, which also included malls in Florida, Ohio and New York.
The ratings on three P&I classes were downgraded primarily due to the continued decline in performance from the Burnsville Center loan, representing 12% of the pool. The Burnsville Center loan matures in July 2020 and the declining performance increases the refinancing risk at its upcoming maturity date. The rating on the interest-only (IO) Class, Cl. X, was downgraded due to a decline in the credit quality of its referenced classes.
Washington Prime Group Inc. (NYSE:WPG) shareholders should be happy to see the share price up 16% in the last month...
COLUMBUS, Ohio, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced as part of its sustainability efforts the completion of the solar panel system at Jefferson Valley Mall, located in Yorktown Heights, New York. The system is comprised of 2,746 photovoltaic (PV) modules, spanning more than 73,000 SF, offsetting approximately 22,190 tons of CO2 equivalent per year. Under the terms of the agreement, Safari Energy developed, financed and built the project, with Washington Prime Group to purchase all the electricity generated by the system from Safari. The rooftop solar system at Jefferson Valley allows the Company to convert unused roof space into a productive source of energy for the center. While significant cost savings are not expected for Washington Prime Group or its tenants, the system is expected to generate over one million kilowatt hours of green energy per year, the lifetime equivalent of eliminating more than 40,000 barrels of oil.Andy Rubin, senior vice president, Sales & Marketing, Safari Energy, said: “Our first project with Washington Prime Group is also Safari Energy’s 56th completed commercial scale solar project in New York State alone. We’re glad to support Washington Prime Group’s sustainability efforts, while also providing a green energy solution for Jefferson Valley.”Safari Energy is a leading provider of solar energy solutions for commercial customers in the U.S. Safari has developed and built several hundred commercial-scale projects for real estate and Fortune 500 customers across 23 states. Safari utilizes its deep market experience in a client focused model to develop solar projects that deliver superior financial value.To learn more about the sustainability efforts at Washington Prime group, visit its environmental, social, governance, or ESG, microsite at http://interactive.washingtonprime.com/esg/p/.About Washington Prime Group Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. Washington Prime Group® is a registered trademark of the Company. Learn more at www.washingtonprime.com.Contact Kimberly A. Green, VP, Investor Relations & Corporate Communications, Washington Prime Group, 614.887.5647 or Kim.Green@washingtonprime.comForward-Looking Statements This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 which represent the current expectations and beliefs of management of Washington Prime Inc. (“WPG”) concerning the proposed transactions, the anticipated consequences and benefits of the transactions and the targeted close date for the transactions, and other future events and their potential effects on WPG, including, but not limited to, statements relating to anticipated financial and operating results, the company’s plans, objectives, expectations and intentions, cost savings and other statements, including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “will,” “should,” “may,” and other similar expressions. Such statements are based upon the current beliefs and expectations of WPG’s management, and involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of WPG to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, without limitation: changes in asset quality and credit risk; ability to sustain revenue and earnings growth; changes in political, economic or market conditions generally and the real estate and capital markets specifically; the impact of increased competition; the availability of capital and financing; tenant or joint venture partner(s) bankruptcies; the failure to increase mall store occupancy and same-mall operating income; risks associated with the acquisition, (re)development, expansion, leasing and management of properties; changes in market rental rates; trends in the retail industry; relationships with anchor tenants; risks relating to joint venture properties; costs of common area maintenance; competitive market forces; the level and volatility of interest rates; the rate of revenue increases as compared to expense increases; the financial stability of tenants within the retail industry; the restrictions in current financing arrangements or the failure to comply with such arrangements; the liquidity of real estate investments; the impact of changes to tax legislation and WPG’s tax positions; failure to qualify as a real estate investment trust; the failure to refinance debt at favorable terms and conditions; loss of key personnel; material changes in the dividend rates on securities or the ability to pay dividends on common shares or other securities; possible restrictions on the ability to operate or dispose of any partially-owned properties; the failure to achieve earnings/funds from operations targets or estimates; the failure to achieve projected returns or yields on (re)development and investment properties (including joint ventures); expected gains on debt extinguishment; changes in generally accepted accounting principles or interpretations thereof; terrorist activities and international hostilities; the unfavorable resolution of legal proceedings; the impact of future acquisitions and divestitures; assets that may be subject to impairment charges; significant costs related to environmental issues; and other risks and uncertainties, including those detailed from time to time in WPG’s statements and periodic reports filed with the Securities and Exchange Commission, including those described under “Risk Factors”. The forward-looking statements in this communication are qualified by these risk factors. Each statement speaks only as of the date of this press release and WPG undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances. Actual results may differ materially from current projections, expectations, and plans, if any. Investors, potential investors and others should give careful consideration to these risks and uncertainties.
Lou Conforti has been the CEO of Washington Prime Group Inc. (NYSE:WPG) since 2016. This report will, first, examine...
While Taubman Centers' (TCO) solid portfolio of regional and super-regional malls will likely boost its top-line growth, declining mall traffic, bankruptcies and store closures remain concerns.