Seritage Growth Properties (NYSE:SRG) Upgraded at Wall Street Zen

Key Points

• Seritage Growth Properties (NYSE:SRG) has been upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen.
• The company reported a negative earnings per share (EPS) of ($0.53) for the last quarter, with a revenue of $4.65 million.
• Institutional investors hold 78.93% of Seritage Growth Properties, with significant recent purchases from firms like Tabor Asset Management and Two Sigma Investments.

Seritage Growth Properties (NYSE:SRG - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

Seritage Growth Properties Price Performance

NYSE:SRG traded down $0.01 during trading hours on Friday, reaching $3.45. 109,100 shares of the company traded hands, compared to its average volume of 157,751. The firm's 50-day moving average is $3.10 and its 200-day moving average is $3.13. The stock has a market cap of $194.34 million, a P/E ratio of -2.17 and a beta of 2.48. The company has a debt-to-equity ratio of 0.57, a current ratio of 11.03 and a quick ratio of 10.67. Seritage Growth Properties has a 1-year low of $2.43 and a 1-year high of $4.84.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last announced its earnings results on Thursday, August 14th. The financial services provider reported ($0.53) EPS for the quarter. The company had revenue of $4.65 million for the quarter. Seritage Growth Properties had a negative net margin of 497.67% and a negative return on equity of 21.55%.

Institutional Investors Weigh In On Seritage Growth Properties

A number of large investors have recently bought and sold shares of SRG. Tabor Asset Management LP acquired a new stake in Seritage Growth Properties during the 1st quarter valued at $3,353,000. Groupe la Francaise acquired a new stake in shares of Seritage Growth Properties during the first quarter worth $2,002,000. Marshall Wace LLP boosted its holdings in shares of Seritage Growth Properties by 135.7% during the second quarter. Marshall Wace LLP now owns 435,984 shares of the financial services provider's stock worth $1,343,000 after purchasing an additional 250,989 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Seritage Growth Properties by 51.1% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 686,994 shares of the financial services provider's stock worth $2,219,000 after purchasing an additional 232,382 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Seritage Growth Properties by 241.8% during the fourth quarter. Two Sigma Investments LP now owns 205,872 shares of the financial services provider's stock worth $848,000 after purchasing an additional 145,648 shares during the last quarter. Institutional investors and hedge funds own 78.93% of the company's stock.

About Seritage Growth Properties

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.