Ameriprise Financial Inc. increased its holdings in Seritage Growth Properties (NYSE:SRG - Free Report) by 61.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,200 shares of the financial services provider's stock after acquiring an additional 97,800 shares during the period. Ameriprise Financial Inc. owned about 0.46% of Seritage Growth Properties worth $1,064,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SRG. Renaissance Technologies LLC purchased a new position in Seritage Growth Properties in the fourth quarter valued at approximately $49,000. XTX Topco Ltd bought a new position in Seritage Growth Properties during the fourth quarter valued at $60,000. Proficio Capital Partners LLC bought a new position in Seritage Growth Properties during the fourth quarter valued at $223,000. American Century Companies Inc. grew its holdings in Seritage Growth Properties by 9.8% during the fourth quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 6,003 shares during the period. Finally, Fifth Lane Capital LP grew its holdings in Seritage Growth Properties by 14.9% during the fourth quarter. Fifth Lane Capital LP now owns 91,428 shares of the financial services provider's stock valued at $377,000 after purchasing an additional 11,856 shares during the period. 78.93% of the stock is owned by institutional investors.
Seritage Growth Properties Stock Performance
NYSE SRG traded down $0.01 on Thursday, hitting $2.84. 41,448 shares of the stock traded hands, compared to its average volume of 290,531. The business's fifty day moving average is $2.85 and its two-hundred day moving average is $3.52. Seritage Growth Properties has a 12 month low of $2.43 and a 12 month high of $5.52. The firm has a market capitalization of $159.68 million, a price-to-earnings ratio of -1.11 and a beta of 2.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10.
Seritage Growth Properties (NYSE:SRG - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.42) earnings per share for the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%. The firm had revenue of $4.60 million for the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Seritage Growth Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Check Out Our Latest Report on Seritage Growth Properties
About Seritage Growth Properties
(
Free Report)
Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.
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