6.21 +0.22 (3.67%)
After hours: 6:24PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.97 - 6.38|
|52 Week Range||5.40 - 9.79|
|PE Ratio (TTM)||6.12|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||1.00 (14.95%)|
|1y Target Est||6.83|
After a last-minute rescue plan went nowhere, Bon-Ton is preparing to liquidate itself, becoming the first department-store casualty of the recent retail apocalypse.
Regardless of the hypnotizing yield, I will continue to own shares in companies that can demonstrate a history of dividend growth.
Short interest is moderately high for WPG with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding WPG totaled $499 million.
COLUMBUS, Ohio, April 12, 2018-- Washington Prime Group Inc. today announced that the Company will hold a conference call on Thursday, April 26, 2018 at 11:00 a.m. Eastern Time to discuss the Company’ ...
Bon-Ton Stores Inc said on Monday it received an acquisition offer from an investor group, two months after the department store chain filed for bankruptcy protection. The investor group includes U.S. mall owners Namdar Realty Group and Washington Prime Group Inc, for whom Bon-Ton is a significant tenant, and credit-focused fund manager DW Partners. The York, Pennsylvania-based retailer, with 23,000 employees and 256 stores across 23 states, filed for creditor protection in February and said it was on track to close 47 stores in 2018 as conventional brick-and-mortar operators are struggling to adapt to rapidly changing consumer tastes and a rise in e-commerce.
Washington Prime Group, Namdar Realty Group and DW Partners will bid together to save Bon-Ton from liquidation.
COLUMBUS, Ohio, April 06, 2018-- Washington Prime Group Inc. today announced its most recent redevelopment effort, a multi-million dollar project anchored by the addition of diversified tenants at Southern ...
Moody's Investors Service, ("Moody's") has affirmed the ratings on 14 classes in COMM 2014-CCRE17 Mortgage Trust, Commercial Mortgage Pass-Through Certificates as follows: Cl. A-1, Affirmed Aaa ...
Namdar's and Washington Prime's bid for Bon-Ton offers a path for the retailer to survive, three sources said. Firms specializing in liquidation plan to submit a $740 million offer for Bon-Ton in partnership with its bondholders. Bon-Ton, which filed for bankruptcy in February with about 250 stores, is a significant tenant of both Namdar and Washington Prime malls.
U.S. mall owners Namdar Realty Group and Washington Prime Group Inc are in talks to acquire U.S. department store operator Bon-Ton Stores Inc out of bankruptcy, people familiar with the matter said on Tuesday. Namdar's and Washington Prime's bid for Bon-Ton offers a path for the retailer to survive, three sources said. Firms specializing in liquidation plan to submit a $740 million offer for Bon-Ton in partnership with its bondholders.
Sears Holdings recently agreed to sell several more properties as it works to raise cash. Nevertheless, it's clear that the company is running out of assets to sell.
Washington Prime Group has bought four Sears stores, including one in Columbus, to set the stage for eventual redevelopment. The Columbus-based real estate group (WPG) has signed a definitive agreement to acquire four Sears department stores and four Sears Auto Center properties for $28.5 million in a transaction that should close in the second quarter of the year. The Columbus store is at Polaris Fashion Place.
Washington Prime Group has bought four Sears stores, including one in Columbus, to set the stage for eventual redevelopment.
COLUMBUS, Ohio, March 12, 2018-- Washington Prime Group Inc. today announced that it has signed a definitive agreement to acquire through a sale-leaseback transaction four Sears department stores and four ...
COLUMBUS, Ohio, Feb. 26, 2018-- Washington Prime Group Inc. today announced that Lou Conforti, CEO and Director, and Mark Yale, CFO, will participate in a roundtable presentation at the Citi 2018 Global ...
With an ROE of 18.23%, Washington Prime Group Inc (NYSE:WPG) outpaced its own industry which delivered a less exciting 7.12% over the past year. On the surface, this looks fantasticRead More...