|Bid||6.33 x 3200|
|Ask||6.90 x 3200|
|Day's Range||6.47 - 6.65|
|52 Week Range||5.40 - 8.61|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||19.58|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||1.00 (15.53%)|
|1y Target Est||7.45|
Long before its bankruptcy, Sears closures in the Tampa Bay region have meant opportunity for retail landlords and developers.
Central Ohio’s premier lifestyle destination for retail, dining and entertainment, Polaris Fashion Place, and The Daily Growler, the best craft beer bar in Columbus, today announced that The Daily Growler will open its fourth location at the town center. Included in Washington Prime Group’s Tier One enclosed retail portfolio, Polaris Fashion Place is a dominant, hybrid town center located in Columbus,Ohio.
"We've worked diligently to address unproductive department store space over the previous couple of years and recent reports of an imminent Sears bankruptcy filing shouldn't come as a surprise to any landlord unless they own a few Zayre or E.J Korvette locations trapped in a space-time continuum where the Sansabelt clad relax on shag carpeting, illuminated by the warm glow of a lava lamp while they drink Tang and vodka and listen to The Moody Blues."
It appears that the bitter end is finally near for Sears Holding Corp.: The long-struggling department store is preparing to file for bankruptcy, with some of its lenders urging for Chapter 7 liquidation. Much has been written about the demise of Sears, which has been on the decline since the early aughts. Sears closures in the Tampa Bay area have already meant hundreds of lost jobs.
The Sears department store in WestShore will be redeveloped, the mall's owner has confirmed to the Tampa Bay Business Journal.
Washington Prime Group Inc. (WPG) continues to proactively manage its exposure to department stores situated within its Tier One and Open Air assets. This has been accomplished by the continued redevelopment of WPG owned department store space as well as the acquisition of space owned by retailers, including Sears.
Washington Prime Group Inc. (WPG) today announced that the Company will hold a conference call on Thursday, October 25, 2018 at 11:00 a.m. Eastern Time to discuss the Company’s third quarter 2018 financial and operating results. The dial-in number for the conference call is 844.646.4463 (or +1.615.247.0256 for international callers), and the participant passcode is 7075197. The live audio webcast of the call will be available on the investor relations section of the Company’s website at www.washingtonprime.com.
Washington Prime Group Inc. (WPG) is enhancing the guest experience at Bowie Town Center, a hybrid Tier One property, and adjacent Bowie Town Center Strip, an Open Air property, located in Bowie, Maryland (collectively as “Bowie Town Center”), through the addition of new lifestyle tenancy including Party HQ, an approximately 18,000 square foot family-friendly entertainment concept. Bowie Town Center is anchored by a dynamic mix of retail, dining and entertainment uses, as well as grocery, fitness, wellness and beauty services.
Washington Prime Group Inc. (WPG) today announced that the Company has closed on a $35.0 million loan secured by Southgate Mall, a Tier One property located in Missoula, Montana. There are two one-year extensions available under the loan agreement. Lou Conforti, CEO and Director of Washington Prime Group stated: “The commercial mortgage loan secured by our recently acquired Southgate Mall, situated in Missoula, Montana, makes me happy for several reasons.
Washington Prime Group Inc is a US$1.63b small-cap, real estate investment trust (REIT) based in Columbus, United States. REIT shares give you ownership of the company than owns and managesRead More...
Details the CEO buys this past week from the following companies: Odonate Therapeutics, Bausch Health Companies, FGL Holdings, Washington Prime Group and First Bancorp
CEO of Washington Prime Group Inc (NYSE:WPG) Louis G Conforti bought 13,857 shares of WPG on 09/20/2018 at an average price of $7.22 a share.
Washington Prime Group Inc. (WPG) today announced the next phase of its renovation at The Mall at Fairfield Commons, a Tier One asset located in the Dayton- Ohio market, with the addition of The RoomPlace and Round1 Entertainment. Following the renovation, the Company will have repositioned two department store spaces at The Mall at Fairfield Commons. Lou Conforti, CEO and Director of Washington Prime Group stated: “Just thinking about kicking off the next phase of redevelopment at The Mall at Fairfield Commons with a national home furnishings retailer and international family entertainment company makes me want to rest up in The RoomPlace Salerno Brown Power Recliner before heading out to Round1 for a few frames of Cosmic Bowling and then busting a move playing Dance Rush Stardom.
Short interest is high for WPG with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting WPG. Over the last month, ETFs holding WPG are favorable, with net inflows of $4.31 billion.
REITs that own low-quality malls have seen their stock prices sag in recent years. But one retail REIT is in the midst of dramatically upgrading its portfolio, which could drive big gains for investors in the next few years.
Short interest is high for WPG with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting WPG. ETFs that hold WPG had net inflows of $2.67 billion over the last one-month.
COLUMBUS, Ohio, Aug. 03, 2018-- Washington Prime Group Inc. today announced that the Company’ s Board of Directors declared a quarterly cash dividend on its common shares and operating partnership units. ...
Tanger Factory Outlet Centers (NYSE:SKT) has become a battleground stock. Some 27% of Tanger stock is sold short at the moment. Heading into its most recent earnings report, Tanger stock had bounced 20% from May lows.
Short interest is high for WPG with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting WPG. ETFs that hold WPG had net inflows of $3.32 billion over the last one-month.
The real estate investment trust, based in Columbus, Ohio, said it had funds from operations of $83.8 million, or 37 cents per share, in the period. Funds from operations is a closely watched measure in ...