NYSE:SRG

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

$7.43

-0.17 (-2.24%)

(As of 09/21/2023 ET)

Compare

Today's Range: $7.43
▼
$7.55
50-Day Range: $7.43
▼
$9.39
52-Week Range: $7.11
▼
$12.79

Volume: 370,864 shs
Average Volume: 289,320 shs
Market Capitalization: $417.42 million

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

Seritage Growth Properties MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 88.4% Upside
$14.00 Price Target
Short Interest: Bearish
23.58% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.57 out of 5 stars

Finance Sector

761st out of 822 stocks

Real Estate Industry

19th 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.
Price Target Upside/Downside
According to analysts' consensus price target of $14.00, Seritage Growth Properties has a forecasted upside of 88.4% from its current price of $7.43.
Amount of Analyst Coverage
Seritage Growth Properties has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
23.58% 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 22.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Seritage Growth Properties has recently increased by 8.27%, indicating that investor sentiment is decreasing significantly.

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.

1.5

News and Social Media Coverage

News Sentiment
Seritage Growth Properties has a news sentiment score of 0.76. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Seritage Growth Properties this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Seritage Growth Properties to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Seritage Growth Properties insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.36% of the stock of Seritage Growth Properties is held by insiders.
Percentage Held by Institutions
41.96% 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 -5.63, 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 -5.63, 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 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Seritage Growth Properties (NYSE:SRG) Stock

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of June 30, 2023, the Company's portfolio consisted of interests in 50 properties comprised of approximately 6.8 million square feet of gross leasable area (GLA) or build-to-suit leased area, approximately 157 acres held for or under development and approximately 3.6 million square feet or approximately 303 acres to be disposed of. The portfolio consists of approximately 5.2 million square feet of GLA held by 38 wholly owned properties (such properties, the Consolidated Properties) and 1.7 million square feet of GLA held by 12 unconsolidated entities (such properties, the Unconsolidated Properties).

SRG Price History

30 days | 90 days | 365 days | Advanced Chart

SRG Stock News Headlines

September 17, 2023 | finance.yahoo.com

SRG-PA - Seritage Growth Properties

September 13, 2023 | americanbankingnews.com

Traders Purchase High Volume of Seritage Growth Properties Call Options (NYSE:SRG)

September 22, 2023 | Edge On The Street (Ad)

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August 14, 2023 | finance.yahoo.com

Seritage Growth Properties Reports Second Quarter 2023 Operating Results

August 1, 2023 | finance.yahoo.com

Seritage Growth Properties (NYSE:SRG) investors are sitting on a loss of 80% if they invested five years ago

July 12, 2023 | msn.com

Odeon Capital Initiates Coverage of Seritage Growth Properties - (SRG) with Buy Recommendation

June 8, 2023 | finance.yahoo.com

Seritage Growth Properties Makes $50 Million Loan Prepayment

June 1, 2023 | msn.com

Four Corners (FCPT) Boosts Portfolio With Two New Buyouts

September 22, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

June 1, 2023 | seekingalpha.com

Seritage Stock: Time To Get Greedy

May 30, 2023 | msn.com

Seritage Growth Properties prepays $200M of term loan

May 30, 2023 | finance.yahoo.com

Seritage Growth Properties Makes $200 Million Loan Prepayment

May 23, 2023 | bizjournals.com

Codina Partners buys vacant Sears building at Westland Mall

May 16, 2023 | msn.com

Unusual Put Option Trade in Seritage Growth Properties - (SRG) Worth $255.42K

May 15, 2023 | msn.com

Unusual Put Option Trade in Seritage Growth Properties - (SRG) Worth $162.50K

May 12, 2023 | marketwatch.com

8-K: Seritage Growth Properties

May 10, 2023 | finance.yahoo.com

Seritage Growth Properties Reports First Quarter 2023 Operating Results

April 4, 2023 | finance.yahoo.com

Seritage Growth Properties Provides Update on Q1 2023 Transaction Activity

March 16, 2023 | finance.yahoo.com

Seritage Growth Properties Full Year 2022 Earnings: US$1.59 loss per share (vs US$0.78 loss in FY 2021)

March 14, 2023 | businesswire.com

Seritage Growth Properties Reports Fourth Quarter and Full Year 2022 Operating Results

March 6, 2023 | msn.com

Unusual Put Option Trade in Seritage Growth Properties (SRG) Worth $152.93K

March 1, 2023 | seekingalpha.com

SRG.PA Seritage Growth Properties 7% CUM PFD SR A

February 22, 2023 | finance.yahoo.com

Seritage Growth Properties (NYSE:SRG) shareholders have endured a 67% loss from investing in the stock five years ago

February 10, 2023 | seekingalpha.com

Seritage Growth Properties reduces outstanding debt to $800M

February 2, 2023 | finance.yahoo.com

SRG 2022 Year End Business Update

January 8, 2023 | thestreet.com

Seritage Growth Properties (SRG) Stock Soars, Warren Buffett Reports 8.02% Stake

December 27, 2022 | finance.yahoo.com

Owners of Westfield Galleria at Roseville buy former Sears building, now Round1 Bowling and Cinemark

See More Headlines

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SRG Company Calendar

Last Earnings: 8/14/2023
Today: 9/21/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate
Sub-Industry: N/A
Sector: Finance
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 Forecast: $14.00
High Stock Price Forecast: $14.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: +88.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.32)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-73,940,000.00
Net Margins: -129.56%
Pretax Margin: -129.29%
Return on Equity: 5.56%
Return on Assets: 2.18%

Debt

Debt-to-Equity Ratio: 0.98
Current Ratio: 7.96
Quick Ratio: 7.96

Sales & Book Value

Annual Sales: $107.06 million
Price / Sales: 3.90
Cash Flow: $0.06 per share
Price / Cash Flow: 127.44
Book Value: $12.89 per share
Price / Book: 0.58

Miscellaneous

Outstanding Shares: 56,180,000
Free Float: 55,981,000
Market Cap: $417.42 million
Optionable: Optionable
Beta: 2.68

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Key Executives

Ms. Andrea L. Olshan (Age 43)
CEO, Pres & Director
Comp: $2.41M

Mr. John Andrew Garilli (Age 58)
Interim Chief Financial Officer

Mr. Eric Dinenberg (Age 40)
Chief Operating Officer
Comp: $1.09M

Mr. Matthew E. Fernand (Age 46)
Chief Legal Officer & Corp. Sec.
Comp: $1.15M

Mr. Christopher Mrozinski
Sr. VP of Devel.

Mr. Nino Cammalleri
Sr. VP & Real Estate Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SRG Stock - Frequently Asked Questions

Should I buy or sell Seritage Growth Properties stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seritage Growth Properties in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 forecast for 2023?: 1 brokers have issued 1-year price targets for Seritage Growth Properties' stock. Their SRG share price forecasts 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 88.4% 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 2023?: Seritage Growth Properties' stock was trading at $11.83 at the beginning of the year. Since then, SRG stock has decreased by 37.2% and is now trading at $7.43.
View the best growth stocks for 2023 here.
When is Seritage Growth Properties' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our SRG earnings forecast.
How were Seritage Growth Properties' earnings last quarter?: Seritage Growth Properties (NYSE:SRG) released its earnings results on Monday, August, 14th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The financial services provider earned $5.88 million during the quarter. Seritage Growth Properties had a positive trailing twelve-month return on equity of 5.56% and a negative net margin of 129.56%.
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).

What is Seritage Growth Properties' stock symbol?: Seritage Growth Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRG."
Who are Seritage Growth Properties' major shareholders?: Seritage Growth Properties' stock is owned by many different retail and institutional investors. Top institutional shareholders include Hotchkis & Wiley Capital Management LLC (8.10%), Gabelli Funds LLC (1.44%), Littlejohn & Co. LLC (1.41%), BlackRock Inc. (1.32%), Towerview LLC (1.20%) and Boothbay Fund Management LLC (1.03%).
View institutional ownership trends.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Seritage Growth Properties' stock price today?: One share of SRG stock can currently be purchased for approximately $7.43.
How much money does Seritage Growth Properties make?: Seritage Growth Properties (NYSE:SRG) has a market capitalization of $417.42 million and generates $107.06 million in revenue each year. The financial services provider earns $-73,940,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis.
How can I contact Seritage Growth Properties?: Seritage Growth Properties' mailing address is 500 FIFTH AVENUE SUITE 1530, NEW YORK NY, 10110. The official website for the company is www.seritage.com. The financial services provider can be reached via phone at (212) 355-7800 or via email at ir@seritage.com.

This page (NYSE:SRG) was last updated on 9/22/2023 by MarketBeat.com Staff

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