|Bid||7.26 x 4000|
|Ask||7.74 x 4000|
|Day's Range||7.57 - 7.72|
|52 Week Range||5.40 - 8.87|
|PE Ratio (TTM)||23.17|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.00 (13.55%)|
|1y Target Est||7.45|
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.
Major real estate players like Washington Prime Group see a future in more experiential businesses taking the place of traditional retailers.
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 ...
-Company reaffirms fiscal 2018 guidance. -Core portfolio year-to-date total leasing volume at 2.4 million square feet through July 25. COLUMBUS, July 25, 2018-- Washington Prime Group Inc. today reported ...
The Company continues to execute its hybrid town center mandate to offer dynamic uses COLUMBUS, Ohio, July 25, 2018-- Washington Prime Group Inc. today announced transactions with The RoomPlace at three ...
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. The net inflows of $2.80 billion over the last one-month into ETFs that hold WPG are not among the highest of the last year and have been slowing.
Washington Prime Group Inc. (WPG) today announced that the Company has partnered with COhatch to deliver shared work, event and lifestyle space to Polaris Fashion Place, Central Ohio’s premier retail destination. This reflects Washington Prime Group’s objectives to diversify tenancy, activate common areas and satisfy its demographic constituencies’ demand for differentiated services, while reinventing its retail venues as community-focused, mixed use spaces. COhatch will co-create and co-develop space at Polaris Fashion Place, starting with the takeover and restoration of “The Pub”, located at the outdoor, lifestyle area of the center.
Washington Prime Group Inc. (WPG) today announced that the Company will hold a conference call on Thursday, July 26, 2018 at 11:00 a.m. Eastern Time to discuss the Company’s second 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 2891447. The live audio webcast of the call will be available on the investor relations section of the Company’s website at www.washingtonprime.com.
A mall developer’s latest example of out-of-the-box thinking will turn a former Polaris Fashion Place bar into a co-working space.
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NEW YORK, June 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of DXC ...
With about 100 malls from New York to Utah now under their ownership, the two funds have climbed quietly from anonymity to being among the country's top-twenty mall landlords - thanks in large part to an aggressive low-investment business strategy at many of the distressed malls they have acquired over the past five years. About half the malls Namdar and Mason have acquired are similar to River Oaks: properties with relatively low sales, sometimes in need of redevelopment and typically located in underdeveloped neighborhoods. A source with direct knowledge of Mason and Namdar's strategy said the funds invest as little as possible on many of their properties, adding the aim is to hold the assets, not redevelop them.
The addition of Ulta Beauty and Five Below follows the announcement of a 20,000-square-foot H&M opening in the fall of 2018 at Grand Central Mall, which will replace the former Elder-Beerman department store. This will be H&M’s first location in West Virginia.
COLUMBUS, Ohio, May 30, 2018-- Washington Prime Group Inc. today announced that CEO and Director Lou Conforti and CFO Mark Yale will present at Nareit’ s REITWeek ® 2018 on Tuesday, June 5, 2018 at 3:00 ...
U.S. mall owners are reporting first-quarter results, offering a glimpse at progress in the industry. Some, like CBL Properties, said there's still a tough climb ahead. Top-tier mall owners like Simon and Taubman are seeing strong rents despite a wave of stores closures.
NEW YORK , April 26, 2018 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE:OAS) will replace Washington Prime Group Inc. (NYSE:WPG) in the S&P MidCap 400, and Washington Prime Group will replace Biglari Holdings ...
In reporting the real estate company's earnings, CEO Lou Conforti was typically direct. Since 2014, tenants occupying 10 percent of its inline space – nearly 2.3 million square feet – have gone bankrupt. The company will "significantly reduce department store exposure" and since 2015 has approved 15 department store transactions from $5 to $20 million.