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 note issued to investors on Thursday.
Seritage Growth Properties Stock Up 0.9%
Shares of NYSE SRG traded up $0.03 during mid-day trading on Thursday, reaching $2.86. 167,383 shares of the company's stock traded hands, compared to its average volume of 307,456. The stock has a market cap of $160.81 million, a P/E ratio of -1.12 and a beta of 2.38. The business has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $3.60. Seritage Growth Properties has a 1-year low of $2.43 and a 1-year high of $5.68. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick ratio of 8.10.
Seritage Growth Properties (NYSE:SRG - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.42) earnings per share (EPS) for the quarter. The business had revenue of $4.60 million for the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in shares of Seritage Growth Properties by 15.9% during the first quarter. Goldman Sachs Group Inc. now owns 303,328 shares of the financial services provider's stock valued at $980,000 after purchasing an additional 41,711 shares in the last quarter. Alpine Global Management LLC raised its position in Seritage Growth Properties by 12.5% in the first quarter. Alpine Global Management LLC now owns 225,000 shares of the financial services provider's stock worth $727,000 after acquiring an additional 25,000 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in Seritage Growth Properties in the first quarter worth about $127,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Seritage Growth Properties by 51.1% in 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 acquiring an additional 232,382 shares during the period. Finally, Groupe la Francaise bought a new stake in Seritage Growth Properties in the first quarter worth about $2,002,000. 78.93% of the stock is currently owned by institutional investors and hedge funds.
Seritage Growth Properties Company Profile
(
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.
Featured Stories
Before you consider Seritage Growth Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seritage Growth Properties wasn't on the list.
While Seritage Growth Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
