Seritage Growth Properties (NYSE:SRG - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.88 and traded as low as $2.81. Seritage Growth Properties shares last traded at $2.83, with a volume of 167,803 shares.
Analyst Ratings Changes
Separately, Wall Street Zen raised Seritage Growth Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
View Our Latest Report on Seritage Growth Properties
Seritage Growth Properties Stock Up 1.1%
The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The company has a market cap of $160.53 million, a P/E ratio of -1.12 and a beta of 2.38. The business's fifty day moving average is $2.85 and its two-hundred day moving average is $3.53.
Seritage Growth Properties (NYSE:SRG - Get Free Report) last posted its earnings results on Thursday, May 15th. The financial services provider reported ($0.42) earnings per share for the quarter. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%. The company had revenue of $4.60 million for the quarter.
Institutional Trading of Seritage Growth Properties
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Seritage Growth Properties by 6.0% during the 4th quarter. Northern Trust Corp now owns 96,284 shares of the financial services provider's stock valued at $397,000 after acquiring an additional 5,480 shares during the period. American Century Companies Inc. lifted its position 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. Renaissance Technologies LLC acquired a new position in Seritage Growth Properties during the fourth quarter valued at $49,000. Fifth Lane Capital LP boosted its holdings in Seritage Growth Properties by 14.9% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Seritage Growth Properties by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider's stock worth $938,000 after purchasing an additional 12,206 shares during the period. Institutional investors and hedge funds own 78.93% of the company's stock.
Seritage Growth Properties Company Profile
(
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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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