Seritage Growth Properties' (SRG) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• Seritage Growth Properties' stock has a reaffirmed "sell (E+)" rating from Weiss Ratings, indicating ongoing negative sentiment from analysts.
• The company's recent earnings report revealed a loss of ($0.53) EPS and a negative net margin of 497.67%, raising concerns about its financial health.
• Despite the negative ratings, institutional investors hold 78.93% of the company's stock, reflecting some level of confidence from larger investment entities.

Seritage Growth Properties (NYSE:SRG - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Seritage Growth Properties from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Seritage Growth Properties presently has an average rating of "Sell".

Seritage Growth Properties Price Performance

SRG stock traded down $0.08 during mid-day trading on Wednesday, hitting $4.22. The stock had a trading volume of 39,633 shares, compared to its average volume of 128,054. The firm has a fifty day simple moving average of $3.72 and a 200 day simple moving average of $3.23. The firm has a market capitalization of $237.71 million, a P/E ratio of -2.65 and a beta of 2.37. The company has a current ratio of 11.03, a quick ratio of 11.03 and a debt-to-equity ratio of 0.57. Seritage Growth Properties has a 52 week low of $2.43 and a 52 week high of $4.72.

Seritage Growth Properties (NYSE:SRG - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The financial services provider reported ($0.53) earnings per share (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 for the quarter.

Institutional Investors Weigh In On Seritage Growth Properties

Several large investors have recently bought and sold shares of SRG. Tabor Asset Management LP bought a new stake in shares of Seritage Growth Properties during the 1st quarter valued at about $3,353,000. Groupe la Francaise purchased a new position in Seritage Growth Properties in the 1st quarter worth approximately $2,002,000. Marshall Wace LLP raised its holdings in shares of Seritage Growth Properties by 135.7% during the 2nd quarter. Marshall Wace LLP now owns 435,984 shares of the financial services provider's stock worth $1,343,000 after acquiring an additional 250,989 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Seritage Growth Properties by 51.1% during the 1st 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Seritage Growth Properties by 45.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 279,700 shares of the financial services provider's stock valued at $861,000 after purchasing an additional 88,000 shares during the last quarter. 78.93% of the stock is currently owned by institutional investors.

Seritage Growth Properties Company Profile

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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