Is Washington Prime Group A Good Investment?

(NYSE:WPG) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for WPG is 40.2. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score.

Is Washington Prime Group a good stock?

Washington Prime Group (WPG) is a stock many investors are watching right now. WPG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. … Within the past 12 months, WPG’s P/CF has been as high as 51.74 and as low as 0.50, with a median of 0.92.

What happens to Washington Prime Group stock?

It is expected that the Company’s Common Stock and Preferred Stock will be removed from listing and registration on the NYSE at the opening of business on or about September 30, 2021.

How Much Does Washington Prime Group pay in dividends?

Historical Annual Dividends

Year Amount Yield (at avg price)
2020 $1.1 80.50 %
2019 $9.0 203.44 %
2018 $9.0 130.43 %
2017 $9.0 106.46 %
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Is WPG a buy or sell?

A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80).

Momentum Scorecard. More Info.

Zacks Rank Definition Annualized Return
1 Strong Buy 25.37%
2 Buy 18.89%
3 Hold 10.41%
4 Sell 6.06%

Does WPG have a dividend?

WPG does not currently pay a dividend.

Is WPG getting delisted?

Washington Prime plans to delist its stock

The company plans to file a Notification of Removal from Listing later in September and anticipates that the last day its common and preferred shares (WPG-H) will trade on the NYSE will be Thursday, September 29.

Is Washington Prime Group going out of business?

Washington Prime Group filed for bankruptcy in June. Lou Conforti is stepping down as chief executive officer, the company also said. Chief Financial Officer Mark Yale and Head of Leasing Josh Lindimore, will serve in the interim as co-CEOs.

What happens to my money if a stock is delisted?

You don’t automatically lose money as an investor, but being delisted carries a stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can’t meet the exchange’s minimum financial requirements for other reasons. Delisting also tends to prompt institutional investors to not continue to invest.

Who owns Washington Prime Group?

Washington Prime Group Inc. Washington Prime Group Inc. is an American real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio.

Investments.

Property Name Location
Chautauqua Mall Lakewood, New York
Chesapeake Center Chesapeake, Virginia
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Will WPG pay a dividend in 2021?

(WPC) will begin trading ex-dividend on September 29, 2021. A cash dividend payment of $1.052 per share is scheduled to be paid on October 15, 2021.

What is WPG stock?

WPG): $0.83. -0.01 (-1.00%)

How many properties does WPG own?

(” Washington Prime “), which is now an independent public company that will be traded on the NYSE under the symbol “WPG”. Washington Prime holds interests in 98 retail assets, including the strip center business, formerly owned by Simon.

What does WPG do?

Who We Are. Washington Prime Group is 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 provide new opportunities to retailers looking for growth.