Seritage Growth Properties (NYSE:SRG) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Seritage Growth Properties (NYSE:SRG) recently traded above its 50-day moving average, reaching a high of $4.41 and closing at $4.22.
• Wall Street Zen upgraded Seritage Growth Properties from a "sell" rating to a "hold" rating on August 17th, indicating a more favorable view of the stock.
• The company reported a quarterly EPS of ($0.53) with a significant negative net margin of 497.67%, highlighting ongoing financial challenges.

Seritage Growth Properties (NYSE:SRG - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-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 trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Seritage Growth Properties from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th.

Seritage Growth Properties Trading Down 0.7%

The company has a quick ratio of 11.03, a current ratio of 11.03 and a debt-to-equity ratio of 0.57. The firm's fifty day moving average is $3.41 and its two-hundred day moving average is $3.14. The firm has a market cap of $235.46 million, a P/E ratio of -2.63 and a beta of 2.32.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SRG. Northern Trust Corp lifted its stake in shares of Seritage Growth Properties by 6.0% in the 4th quarter. Northern Trust Corp now owns 96,284 shares of the financial services provider's stock valued at $397,000 after purchasing an additional 5,480 shares during the period. Ameriprise Financial Inc. raised its holdings in Seritage Growth Properties by 61.0% in 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Seritage Growth Properties during the fourth quarter valued at $145,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Seritage Growth Properties by 8.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 387,544 shares of the financial services provider's stock valued at $1,597,000 after buying an additional 29,538 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Seritage Growth Properties by 241.8% during the 4th 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 in the last quarter. Hedge funds and other institutional investors 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.