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Washington Prime Group Inc. (WPG)

Stock Price: $11.45 USD 0.32 (2.88%)
Updated Jan 22, 2021 4:00 PM EST - Market closed
After-hours: $11.40 -0.05 (-0.44%) Jan 22, 5:13 PM
Market Cap 231.79M
Revenue (ttm) 545.07M
Net Income (ttm) -105.31M
Shares Out 20.83M
EPS (ttm) -5.90
PE Ratio n/a
Forward PE n/a
Dividend $0.88
Dividend Yield 7.69%
Trading Day January 22
Last Price $11.45
Previous Close $11.13
Change ($) 0.32
Change (%) 2.88%
Day's Open 11.03
Day's Range 10.84 - 11.69
Day's Volume 402,100
52-Week Range 5.04 - 28.73

News

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Business Wire - 1 day ago

COLUMBUS, Ohio--(BUSINESS WIRE)--In a year that halted so much of everyday life, Washington Prime Group Inc. (NYSE: WPG) town centers across the country met 2020 with resilience, persistence a...

Seeking Alpha - 2 days ago

The average REIT had a negative monthly return in 7 of the 12 months of 2020, with a 3.48% total return in December. Mid cap (+4.5%) and micro cap REITs (+3.45%) outperformed in December, whil...

Other stocks mentioned: AIRC, AIV, BBRE, CSR, DRN, DRV, FFR, FRI, ICF, KBWY, NURE, PFFR, PW, REET, RWR, SCHH, SPG, SRET, TCO, USRT, VNQ
Business Wire - 3 days ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that Conn's HomePlus, specialty retailer of furniture, mattresses, home appliances and consumer electro...

Zacks Investment Research - 1 week ago

Is (WPG) Outperforming Other Finance Stocks This Year?

Business Wire - 2 weeks ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that it received written notification on January 4, 2021 from the New York Stock Exchange (the "NYSE") ...

The Motley Fool - 3 weeks ago

These companies are eager to say good riddance to the year that was.

Other stocks mentioned: AMRN, ICPT, IVR, NGL, NXTC, PBF, SNDL, TCDA, TELL
Seeking Alpha - 3 weeks ago

Malls have been hit hard by COVID-19. With vaccines, there's light at the end of the tunnel.

Other stocks mentioned: ASNAQ, CDR, DKS, JCPNQ, PEI, ROST, TLRD
Zacks Investment Research - 4 weeks ago

Top Ranked Value Stocks to Buy for December 23rd

Other stocks mentioned: AMRK, ELVT
The Motley Fool - 4 weeks ago

A reverse stock split can keep Washington Prime from being delisted in the short term, but it won't fix the mall REIT's major long-term problems.

Seeking Alpha - 1 month ago

REIT investing can be very rewarding, but if done poorly, it also can lead to disastrous results. Despite being bullish on REITs, we only invest in one out of 10 on average. Most REITs have is...

Other stocks mentioned: AMH, AVB, CONE, DHC, DLR, EQIX, GNL, MAC, OPI, PLD, PLYM, RMR, SPG, VNQ, WPC
Business Wire - 1 month ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced the completion of its previously announced 1-for-9 reverse stock split of its common stock. Every nine ...

Seeking Alpha - 1 month ago

Washington Prime Group Inc. (WPG) Special Meeting of Shareholders (Transcript)

InvestorPlace - 1 month ago

Value stocks are surging lately. That's caused many penny stocks to roar back to life.

Other stocks mentioned: HOFV, IBIO, NAK, SPG, WTER, CHK
CNBC - 1 month ago

As winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.

Other stocks mentioned: SPG, BPR, CBL, MAC, PEI, TCO
Business Wire - 1 month ago

COLUMBUS, Ohio--(BUSINESS WIRE)--When the coronavirus pandemic began in March, businesses of all sizes felt the effects, including empty stadiums and arenas, once packed with fans during sport...

Business Wire - 1 month ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that CEO and Director Lou Conforti and members of the Company's leadership team will host a webcast on ...

Zacks Investment Research - 1 month ago

Investors need to pay close attention to Washington Prime (WPG) stock based on the movements in the options market lately.

Business Wire - 2 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that CEO and Director Lou Conforti and CFO Mark Yale will present during Nareit's REITworld® 2020 virtu...

Seeking Alpha - 2 months ago

Washington Prime might get a bit of a short-term bump from the Pfizer vaccine news. Any rallies are selling opportunities.

Seeking Alpha - 2 months ago

Pushed to the brink by the pandemic, Mall REITs entered 2020 on unstable footing following a tsunami of store closings over the past decade, and the forthcoming vaccines may be too-little-too-...

Other stocks mentioned: BPYU, CBL, MAC, PEI, SKT, SPG, TCO, VNQ
The Motley Fool - 2 months ago

Occupancy is falling, net operating income has plunged because of the COVID-19 pandemic, and the REIT's deleveraging efforts may be too little, too late.

Seeking Alpha - 2 months ago

Washington Prime Group Inc. (WPG) CEO Lou Conforti on Q3 2020 Results - Earnings Call Transcript

Business Wire - 2 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today reported financial and operating results for the third quarter ended September 30, 2020. As previously announced,...

Seeking Alpha - 2 months ago

So, before you buy up all those perceived bargains, stop. Take a deep breath. And ask yourself: Is this too good to be true?

Other stocks mentioned: AFIN, GNL
Business Wire - 3 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that the Company will hold a conference call on Friday, November 6, 2020 at 11:00 a.m. Eastern Time to ...

Business Wire - 3 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Mental health disorders are the leading cause of disability in adolescents, with one in five children living with a serious mental illness that interferes with...

Business Wire - 3 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) recently celebrated the grand opening of Dunham’s Sports, one of the nation’s largest sporting goods chains, at Marklan...

The Motley Fool - 4 months ago

Washington Prime's subpar mall portfolio and high debt load are a toxic combination.

Business Wire - 4 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced as part of its sustainability efforts the completion of the solar panel system at Weberstown Mall, loca...

Seeking Alpha - 4 months ago

Washington Prime Group, Inc. (WPG) Presents at Bank of America Merrill Lynch Tower Global Real Estate Broker Conference Call - (Transcript)

Business Wire - 4 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today provided an update on several operating metrics in conjunction with the posting of its investor presentation for ...

Seeking Alpha - 4 months ago

The Mall Meltdown Is Underway

Other stocks mentioned: ANF, BPY, BPYPO, BPYPP, BPYU, CBL, HD, LOW, PEI, SKT, SPG, TCO, TGT, TIF
Business Wire - 4 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that Lou Conforti, CEO and Director, and Mark Yale, CFO, will participate in a roundtable presentation ...

Seeking Alpha - 4 months ago

Washington Prime Group is now the mall REIT on the edge.

Seeking Alpha - 4 months ago

COVID-19 has had a massive impact on malls.

Zacks Investment Research - 4 months ago

Redevelopment efforts at Southern Park Mall have likely enabled Washington Prime (WPG) to retain its existing tenants at the site and introduce new ones even in these uncertain times.

Business Wire - 4 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today provided an update on redevelopment efforts at Southern Park Mall, located in Boardman, Ohio and serving the grea...

Seeking Alpha - 4 months ago

Thinking About Malls

Other stocks mentioned: BPY, CBL, MAC, SPG, TCO
Seeking Alpha - 4 months ago

Look Who's Buying Washington Prime Group

Zacks Investment Research - 5 months ago

Let's see if Washington Prime (WPG) stock is a good choice for value-oriented investors right now from multiple angles.

Seeking Alpha - 5 months ago

From bad to worse. Entering 2020 on already unstable footing following a tsunami of store closings over the past half-decade, mall REITs have been punished by the ongoing coronavirus pandemic.

Other stocks mentioned: BPR, CBL, MAC, PEI, SKT, SPG, TCO
Business Wire - 5 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that the Company has entered into amendments with respect to its credit facilities, which will provide ...

InvestorPlace - 5 months ago

With the stock market soaring, investors are looking for remaining bargain stocks. However these 7 penny stocks are not worth the hassle.

Other stocks mentioned: CHK, ASNA, GNUS, JE, TOPS, TRVG
The Motley Fool - 5 months ago

Pennsylvania Real Estate Investment Trust and Washington Prime Group both struggled to collect rent last quarter because of the impact of the COVID-19 pandemic.

Other stocks mentioned: PEI
Seeking Alpha - 5 months ago

Washington Prime Group Inc. (WPG) CEO Lou Conforti on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 5 months ago

Washington Prime Group (WPG) delivered FFO and revenue surprises of -91.67% and -15.44%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 5 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today reported financial and operating results for the second quarter ended June 30, 2020.

Business Wire - 5 months ago

COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that the Company will hold a conference call on Tuesday, August 11, 2020 at 11:00 a.m.

Zacks Investment Research - 6 months ago

Top Ranked Income Stocks to Buy for July 22nd

Other stocks mentioned: APTS, CEQP
Zacks Investment Research - 6 months ago

Top Ranked Income Stocks to Buy for July 16th

Other stocks mentioned: GECC, STWD

About WPG

Washington Prime Group 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.

Industry
REIT-Retail
CEO
Louis Conforti
Employees
754
Stock Exchange
NYSE
Ticker Symbol
WPG
Full Company Profile

Financial Performance

In 2019, WPG's revenue was $661.48 million, a decrease of -7.80% compared to the previous year's $717.48 million. Earnings were $4.27 million, a decrease of -95.43%.

Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for WPG stock is "Hold." The 12-month stock price forecast is 13.50, which is an increase of 17.90% from the latest price.

Price Target
$13.50
(17.90% upside)
Analyst Consensus: Hold