Should I buy or sell Seritage Growth Properties stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seritage Growth Properties in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SRG shares. View SRG analyst ratings or view top-rated stocks .

What is Seritage Growth Properties' stock price target for 2024?

1 equities research analysts have issued 1 year target prices for Seritage Growth Properties' stock. Their SRG share price targets range from $14.00 to $14.00. On average, they expect the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 52.5% from the stock's current price. View analysts price targets for SRG or view top-rated stocks among Wall Street analysts .

How have SRG shares performed in 2024?

Seritage Growth Properties' stock was trading at $9.35 at the beginning of the year. Since then, SRG stock has decreased by 1.8% and is now trading at $9.18. View the best growth stocks for 2024 here .

When is Seritage Growth Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our SRG earnings forecast .

How were Seritage Growth Properties' earnings last quarter?

Seritage Growth Properties (NYSE:SRG) posted its quarterly earnings data on Thursday, May, 2nd. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter. The financial services provider had revenue of $43.86 million for the quarter. Seritage Growth Properties had a negative trailing twelve-month return on equity of 8.61% and a negative net margin of 745.48%.

What other stocks do shareholders of Seritage Growth Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Seritage Growth Properties investors own include Walt Disney (DIS) , Zscaler (ZS) , Tesla (TSLA) , Twilio (TWLO) , Fastly (FSLY) , McDonald's (MCD) , NextEra Energy (NEE) , Okta (OKTA) , PagerDuty (PD) and Stitch Fix (SFIX) .

How do I buy shares of Seritage Growth Properties?

Shares of SRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:SRG

Seritage Growth Properties (SRG) Stock Price, News & Analysis

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$9.20

-0.01 (-0.11%)

(As of 02:27 PM ET)

Compare

Today's Range: $9.10
▼
$9.22
50-Day Range: $8.82
▼
$9.86
52-Week Range: $7.07
▼
$9.92

Volume: 187,917 shs
Average Volume: 336,250 shs
Market Capitalization: $517.59 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.00

Get Seritage Growth Properties alerts:

Seritage Growth Properties MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 52.5% Upside
$14.00 Price Target
Short Interest: Bearish
19.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.21
Based on 2 Articles This Week
Insider Trading: Selling Shares
$4.76 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.20 out of 5 stars

Finance Sector

644th out of 853 stocks

Real Estate Industry

18th out of 24 stocks

3.5

Analyst's Opinion

Consensus Rating
Seritage Growth Properties has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Seritage Growth Properties has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
19.89% of the float of Seritage Growth Properties has been sold short.
Short Interest Ratio / Days to Cover
Seritage Growth Properties has a short interest ratio ("days to cover") of 22.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Seritage Growth Properties has recently decreased by 0.69%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Seritage Growth Properties does not currently pay a dividend.
Dividend Growth
Seritage Growth Properties does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SRG.

3.4

News and Social Media Coverage

News Sentiment
Seritage Growth Properties has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Seritage Growth Properties this week, compared to 1 article on an average week.
Search Interest
1 people have searched for SRG on MarketBeat in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Seritage Growth Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,760,299.00 in company stock.
Percentage Held by Insiders
Only 0.36% of the stock of Seritage Growth Properties is held by insiders.
Percentage Held by Institutions
78.93% of the stock of Seritage Growth Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Seritage Growth Properties is -3.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Seritage Growth Properties is -3.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Seritage Growth Properties has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Seritage Growth Properties Stock (NYSE:SRG)

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area ("GLA") or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of. The portfolio consists of approximately 4.3 million square feet of GLA held by 33 wholly owned properties (such properties, the "Consolidated Properties") and 1.2 million square feet of GLA held by 9 unconsolidated entities (such properties, the "Unconsolidated Properties").

SRG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SRG Stock News Headlines

April 4, 2024 | insidertrades.com

Insider Selling: Seritage Growth Properties (NYSE:SRG) Major Shareholder Sells 25,655 Shares of Stock

April 10, 2024 | americanbankingnews.com

Seritage Growth Properties Sees Unusually High Options Volume (NYSE:SRG)

April 16, 2024 | Manward Press (Ad)

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April 9, 2024 | seekingalpha.com

Seritage: Making Progress In A Tough Environment

April 1, 2024 | businesswire.com

Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results

March 13, 2024 | investing.com

Seritage Growth Properties Pref Series A (SRG_pa)

March 9, 2024 | finance.yahoo.com

11 Best REIT Stocks To Buy Under $10

March 4, 2024 | finance.yahoo.com

Seritage Growth Properties (SRG)

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

February 21, 2024 | wsj.com

Seritage Growth Properties Cl A

February 18, 2024 | finance.yahoo.com

SRG Mar 2024 11.000 call

February 17, 2024 | finance.yahoo.com

SRG Mar 2024 10.000 call

February 7, 2024 | finance.yahoo.com

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February 6, 2024 | finance.yahoo.com

Real Estate Riches: 3 REITs to Build Your Wealth in 2024

February 1, 2024 | msn.com

Seritage Reduces Debt and Interest Expenses with Prepayment

January 19, 2024 | seekingalpha.com

Seritage Preferreds Offer Tempting Potential 12.86% Yield To Maturity

January 8, 2024 | finance.yahoo.com

Investors in Seritage Growth Properties (NYSE:SRG) have unfortunately lost 74% over the last five years

December 13, 2023 | morningstar.com

Seritage Growth Properties Class A

November 27, 2023 | msn.com

Seritage Growth Properties - (SRG) Price Target Increased by 16.67% to 14.28

November 22, 2023 | msn.com

Seritage Growth Properties says Lampert sells 148.1K shares in co

November 11, 2023 | seekingalpha.com

Seritage: Intriguing Assets And Fascinating CEO

November 9, 2023 | morningstar.com

Seritage Growth Properties Class A SRG

November 8, 2023 | finance.yahoo.com

Seritage Growth Properties Reports Mixed Results Amid Strategic Asset Sales

November 8, 2023 | finance.yahoo.com

Seritage Growth Properties Reports Third Quarter 2023 Operating Results

November 7, 2023 | seekingalpha.com

Seritage Growth Properties: A Promising Turnaround Post-Sears Spin-Off

October 8, 2023 | msn.com

Potential 16% YTM With Seritage Preferreds

September 26, 2023 | msn.com

Seritage Growth Properties prepays $80M toward term loan facility

See More Headlines

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Company Calendar

Last Earnings: 5/02/2019
Today: 4/16/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate
Sub-Industry: N/A
Current Symbol: NYSE:SRG
CUSIP: N/A
CIK: 1628063
Web: www.seritage.com
Phone: (212) 355-7800
Fax: N/A
Employees: 32
Year Founded: 2015

Price Target and Rating

Average Stock Price Target: $14.00
High Stock Price Target: $14.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +52.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.86)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-154,910,000.00
Net Margins: -745.48%
Pretax Margin: -745.33%
Return on Equity: -8.61%
Return on Assets: -4.32%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 6.76
Quick Ratio: 6.76

Sales & Book Value

Annual Sales: $20.78 million
Price / Sales: 24.85
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $10.02 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 56,260,000
Free Float: 56,060,000
Market Cap: $516.47 million
Optionable: Optionable
Beta: 2.64

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Key Executives

Ms. Andrea L. Olshan (Age 44)
CEO, President & Director
Comp: $2.41M
Mr. John Andrew Garilli (Age 59)
Interim Chief Financial Officer
Mr. Eric Dinenberg (Age 41)
Chief Operating Officer
Comp: $1.09M
Mr. Matthew E. Fernand (Age 47)
Chief Legal Officer & Corporate Secretary
Comp: $1.15M
Mr. Christopher Mrozinski
Senior Vice President of Development
Mr. Nino Cammalleri
Senior VP & Real Estate Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SRG Stock Analysis - Frequently Asked Questions

Should I buy or sell Seritage Growth Properties stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seritage Growth Properties in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SRG shares.
View SRG analyst ratings or view top-rated stocks.
What is Seritage Growth Properties' stock price target for 2024?: 1 equities research analysts have issued 1 year target prices for Seritage Growth Properties' stock. Their SRG share price targets range from $14.00 to $14.00. On average, they expect the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 52.5% from the stock's current price.
View analysts price targets for SRG or view top-rated stocks among Wall Street analysts.
How have SRG shares performed in 2024?: Seritage Growth Properties' stock was trading at $9.35 at the beginning of the year. Since then, SRG stock has decreased by 1.8% and is now trading at $9.18.
View the best growth stocks for 2024 here.
When is Seritage Growth Properties' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our SRG earnings forecast.

How were Seritage Growth Properties' earnings last quarter?: Seritage Growth Properties (NYSE:SRG) posted its quarterly earnings data on Thursday, May, 2nd. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter. The financial services provider had revenue of $43.86 million for the quarter. Seritage Growth Properties had a negative trailing twelve-month return on equity of 8.61% and a negative net margin of 745.48%.
What other stocks do shareholders of Seritage Growth Properties own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Seritage Growth Properties investors own include Walt Disney (DIS), Zscaler (ZS), Tesla (TSLA), Twilio (TWLO), Fastly (FSLY), McDonald's (MCD), NextEra Energy (NEE), Okta (OKTA), PagerDuty (PD) and Stitch Fix (SFIX).
How do I buy shares of Seritage Growth Properties?: Shares of SRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SRG) was last updated on 4/16/2024 by MarketBeat.com Staff

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