Seritage Growth Properties (NYSE:SRG - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.38 and traded as high as $4.41. Seritage Growth Properties shares last traded at $4.22, with a volume of 109,015 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Seritage Growth Properties from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th.
View Our Latest Stock Report on Seritage Growth Properties
Seritage Growth Properties Stock Performance
The firm has a 50 day moving average of $3.47 and a two-hundred day moving average of $3.16. The stock has a market cap of $243.91 million, a PE ratio of -2.72 and a beta of 2.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 11.03 and a quick ratio of 11.03.
Seritage Growth Properties (NYSE:SRG - Get Free Report) last posted its earnings results on Thursday, August 14th. The financial services provider reported ($0.53) earnings per share for the quarter. The business had revenue of $4.65 million for the quarter. Seritage Growth Properties had a negative return on equity of 21.55% and a negative net margin of 497.67%.
Institutional Investors Weigh In On Seritage Growth Properties
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tabor Asset Management LP purchased a new stake in Seritage Growth Properties in the first quarter valued at approximately $3,353,000. Two Sigma Investments LP lifted its stake in Seritage Growth Properties by 241.8% in the fourth quarter. Two Sigma Investments LP now owns 205,872 shares of the financial services provider's stock valued at $848,000 after buying an additional 145,648 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Seritage Growth Properties by 61.0% during the fourth quarter. Ameriprise Financial Inc. now owns 258,200 shares of the financial services provider's stock worth $1,064,000 after purchasing an additional 97,800 shares during the last quarter. Northern Trust Corp raised its stake in shares of Seritage Growth Properties by 6.0% during the fourth quarter. Northern Trust Corp now owns 96,284 shares of the financial services provider's stock worth $397,000 after purchasing an additional 5,480 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its stake 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. Hedge funds and other institutional investors own 78.93% of the company's stock.
About Seritage Growth Properties
(
Get 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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