Seritage Growth Properties Company Profile (NYSE:SRG)

About Seritage Growth Properties (NYSE:SRG)

Seritage Growth Properties logoSeritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust. The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. Its assets are held by and its operations are primarily conducted through, directly or indirectly, Seritage Growth Properties, L.P. (Operating Partnership). As of December 31, 2016, the Company's portfolio included approximately 42.2 million square feet of gross leasable area (GLA), consisting of 235 owned properties totaling over 36.8 million square feet of GLA across 49 states and Puerto Rico, and interests in 31 joint venture properties totaling over 5.4 million square feet of GLA across 17 states. As of December 31, 2016, it included over 3,000 acres of land or approximately 13 acres per site for its owned properties. Its properties are primarily located in areas, including in California, Florida and Texas.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:SRG
  • CUSIP: N/A
  • Web: www.seritage.com
Capitalization:
  • Market Cap: $1.44946 billion
  • Outstanding Shares: 33,953,000
Average Prices:
  • 50 Day Moving Avg: $45.75
  • 200 Day Moving Avg: $44.01
  • 52 Week Range: $38.49 - $50.00
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 18.48
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $248.2 million
  • Price / Sales: 5.82
  • Book Value: $24.06 per share
  • Price / Book: 1.77
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 2.4%
Profitability:
  • EBITDA: $163.67 million
  • Net Margins: -31.23%
  • Return on Equity: -5.52%
  • Return on Assets: -2.83%
Debt:
  • Debt-to-Equity Ratio: 1.00%
  • Current Ratio: 4.53%
  • Quick Ratio: 4.53%
Misc:
  • Average Volume: 263,820 shs.
  • Beta: 1.14
  • Short Ratio: 37.23
 

Frequently Asked Questions for Seritage Growth Properties (NYSE:SRG)

What is Seritage Growth Properties' stock symbol?

Seritage Growth Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRG."

How often does Seritage Growth Properties pay dividends? What is the dividend yield for Seritage Growth Properties?

Seritage Growth Properties declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, September 29th will be given a dividend of $0.25 per share on Thursday, October 12th. This represents a $1.00 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, September 28th. View Seritage Growth Properties' Dividend History.

When will Seritage Growth Properties make its next earnings announcement?

Seritage Growth Properties is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Seritage Growth Properties.

Where is Seritage Growth Properties' stock going? Where will Seritage Growth Properties' stock price be in 2017?

3 equities research analysts have issued 1-year target prices for Seritage Growth Properties' stock. Their forecasts range from $38.00 to $48.00. On average, they anticipate Seritage Growth Properties' share price to reach $43.00 in the next year. View Analyst Ratings for Seritage Growth Properties.

What are analysts saying about Seritage Growth Properties stock?

Here are some recent quotes from research analysts about Seritage Growth Properties stock:

  • 1. According to Zacks Investment Research, "Seritage Growth Properties is a self-administered, self-managed REIT primarily engaged in the real property business through its operating partnership, Seritage Growth Properties, L.P. Seritage Growth Properties is based in HOFFMAN ESTATES, United States. " (10/11/2017)
  • 2. Boenning Scattergood analysts commented, "We remain Underperform on SRG shares as similar attractive redevelopment returns and much less financial risk can be found in ‘A’ mall peers Simon Property Group (SPG-$160.45-Outperform) and General Growth Properties (GGP-$23.97-Outperform)." (6/27/2017)

Who are some of Seritage Growth Properties' key competitors?

Who are Seritage Growth Properties' key executives?

Seritage Growth Properties' management team includes the folowing people:

  • Benjamin Schall, President, Chief Executive Officer, Trustee
  • Brian R. Dickman, Chief Financial Officer, Executive Vice President
  • Matthew E. Fernand, Executive Vice President, General Counsel, Secretary
  • James Edwin Bry, Executive Vice President - Development and Construction
  • Mary Rottler, Executive Vice President - Leasing and Operations
  • David Seth Fawer, Independent Trustee
  • Edward S. Lampert, Independent Trustee
  • Kenneth T. Lombard, Independent Trustee
  • John T. McClain, Independent Trustee
  • Thomas M. Steinberg, Independent Trustee

Who owns Seritage Growth Properties stock?

Seritage Growth Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include Alpha Windward LLC (0.03%). Company insiders that own Seritage Growth Properties stock include Bruce R Berkowitz, Edward S Lampert and John Mcclain. View Institutional Ownership Trends for Seritage Growth Properties.

Who bought Seritage Growth Properties stock? Who is buying Seritage Growth Properties stock?

Seritage Growth Properties' stock was acquired by a variety of institutional investors in the last quarter, including Alpha Windward LLC. Company insiders that have bought Seritage Growth Properties stock in the last two years include Bruce R Berkowitz and John Mcclain. View Insider Buying and Selling for Seritage Growth Properties.

How do I buy Seritage Growth Properties stock?

Shares of Seritage Growth Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Seritage Growth Properties' stock price today?

One share of Seritage Growth Properties stock can currently be purchased for approximately $42.51.


MarketBeat Community Rating for Seritage Growth Properties (NYSE SRG)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  55 (Vote Outperform)
Underperform Votes:  88 (Vote Underperform)
Total Votes:  143
MarketBeat's community ratings are surveys of what our community members think about Seritage Growth Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Seritage Growth Properties (NYSE:SRG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $43.00 (1.15% upside)
Consensus Price Target History for Seritage Growth Properties (NYSE:SRG)
Price Target History for Seritage Growth Properties (NYSE:SRG)
Analysts' Ratings History for Seritage Growth Properties (NYSE:SRG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Boenning ScattergoodSet Price TargetSell$38.00N/AView Rating Details
5/15/2017Royal Bank Of CanadaReiterated RatingHold$48.00MediumView Rating Details
10/25/2016Wells Fargo & CompanyInitiated CoverageOutperformN/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Seritage Growth Properties (NYSE:SRG)
Earnings by Quarter for Seritage Growth Properties (NYSE:SRG)
Earnings History by Quarter for Seritage Growth Properties (NYSE SRG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017N/AView Earnings Details
5/4/2017Q1 2017$0.61$0.48$67.42 million$65.40 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Seritage Growth Properties (NYSE:SRG)
2017 EPS Consensus Estimate: $2.12
2018 EPS Consensus Estimate: $2.30
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.61$0.61$0.61
Q2 20171$0.45$0.45$0.45
Q3 20171$0.52$0.52$0.52
Q4 20171$0.54$0.54$0.54
Q1 20181$0.55$0.55$0.55
Q2 20181$0.57$0.57$0.57
Q3 20181$0.58$0.58$0.58
Q4 20181$0.60$0.60$0.60
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Seritage Growth Properties (NYSE:SRG)
Most Recent Dividend:10/12/2017
Annual Dividend:$1.00
Dividend Yield:2.35%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-42.19% (Trailing 12 Months of Earnings)
49.75% (Based on This Year's Estimates)
43.48% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Seritage Growth Properties (NYSE:SRG)

Dividend History by Quarter for Seritage Growth Properties (NYSE SRG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/27/2017quarterly$0.252.09%9/28/20179/29/201710/12/2017
4/26/2017quarterly$0.252.27%6/28/20176/30/20177/13/2017
3/1/2017quarterly$0.252.16%3/29/20173/31/20174/13/2017
11/2/2016Quarterly$0.2512/28/201612/31/20161/12/2017
8/3/2016Quarterly$0.259/28/20169/30/201610/13/2016
5/4/2016Quarterly$0.256/28/20166/30/20167/14/2016
3/9/2016$0.253/29/20163/31/20164/14/2016
12/18/2015Annual$0.5012/29/201512/31/20151/14/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Seritage Growth Properties (NYSE:SRG)
Insider Ownership Percentage: 9.78%
Institutional Ownership Percentage: 74.89%
Insider Trades by Quarter for Seritage Growth Properties (NYSE:SRG)
Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)
Insider Trades by Quarter for Seritage Growth Properties (NYSE:SRG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/26/2017Bruce R BerkowitzMajor ShareholderBuy31,200$39.69$1,238,328.00View SEC Filing  
5/19/2017Bruce R BerkowitzMajor ShareholderBuy4,300$38.75$166,625.00View SEC Filing  
5/16/2017Bruce R BerkowitzMajor ShareholderBuy149,300$39.49$5,895,857.00View SEC Filing  
5/11/2017Bruce R BerkowitzMajor ShareholderBuy62,400$39.94$2,492,256.00View SEC Filing  
5/8/2017Bruce R BerkowitzMajor ShareholderBuy123,500$40.83$5,042,505.00View SEC Filing  
5/1/2017Bruce R BerkowitzMajor ShareholderBuy20,900$41.50$867,350.00View SEC Filing  
4/6/2017Bruce R BerkowitzMajor ShareholderBuy18,200$42.00$764,400.00View SEC Filing  
3/29/2017Bruce R BerkowitzMajor ShareholderBuy20,000$42.84$856,800.00View SEC Filing  
3/20/2017Bruce R BerkowitzMajor ShareholderBuy20,000$44.32$886,400.00View SEC Filing  
3/13/2017Bruce R BerkowitzMajor ShareholderBuy53,200$45.55$2,423,260.00View SEC Filing  
1/31/2017Bruce R BerkowitzMajor ShareholderBuy75,200$40.63$3,055,376.00View SEC Filing  
1/13/2017Bruce R BerkowitzMajor ShareholderBuy140,600$39.92$5,612,752.00View SEC Filing  
8/31/2016Bruce R BerkowitzMajor ShareholderBuy200$44.51$8,902.00View SEC Filing  
8/26/2016Bruce R BerkowitzMajor ShareholderBuy24,700$45.15$1,115,205.00View SEC Filing  
8/19/2016Bruce R BerkowitzMajor ShareholderBuy100$45.88$4,588.00View SEC Filing  
8/17/2016Bruce R BerkowitzMajor ShareholderBuy10,000$46.65$466,500.00View SEC Filing  
8/12/2016Bruce R BerkowitzMajor ShareholderBuy10,000$47.61$476,100.00View SEC Filing  
8/11/2016Bruce R BerkowitzMajor ShareholderSell750$47.82$35,865.00View SEC Filing  
7/19/2016Bruce R BerkowitzMajor ShareholderSell9,648$48.63$469,182.24View SEC Filing  
5/25/2016Bruce R BerkowitzMajor ShareholderBuy5,000$43.64$218,200.00View SEC Filing  
5/19/2016Bruce R BerkowitzMajor ShareholderBuy37,700$43.66$1,645,982.00View SEC Filing  
5/17/2016Bruce R BerkowitzMajor ShareholderBuy17,300$45.15$781,095.00View SEC Filing  
5/10/2016Edward S LampertInsiderSell9,200$53.63$493,396.00View SEC Filing  
4/6/2016Bruce R BerkowitzMajor ShareholderSell11,150$51.27$571,660.50View SEC Filing  
3/22/2016Bruce R BerkowitzMajor ShareholderBuy21,000$46.53$977,130.00View SEC Filing  
3/17/2016Bruce R BerkowitzMajor ShareholderBuy30,000$43.55$1,306,500.00View SEC Filing  
3/15/2016John McclainDirectorBuy200$43.48$8,696.00View SEC Filing  
3/11/2016Bruce R BerkowitzMajor ShareholderBuy4,400$40.44$177,936.00View SEC Filing  
3/9/2016Bruce R BerkowitzMajor ShareholderSell164,500$40.76$6,705,020.00View SEC Filing  
3/3/2016Bruce R BerkowitzMajor ShareholderSell118,550$41.86$4,962,503.00View SEC Filing  
3/1/2016Bruce R BerkowitzMajor ShareholderSell81,950$41.95$3,437,802.50View SEC Filing  
2/16/2016Bruce R BerkowitzMajor ShareholderBuy5,000$39.59$197,950.00View SEC Filing  
2/12/2016Bruce R BerkowitzMajor ShareholderSell4,350$39.20$170,520.00View SEC Filing  
2/11/2016Bruce R BerkowitzMajor ShareholderBuy10,200$38.22$389,844.00View SEC Filing  
2/10/2016Bruce R BerkowitzMajor ShareholderSell4,550$39.28$178,724.00View SEC Filing  
1/20/2016Bruce R BerkowitzMajor ShareholderBuy10,000$37.49$374,900.00View SEC Filing  
1/15/2016Bruce R BerkowitzMajor ShareholderSell9,550$37.32$356,406.00View SEC Filing  
1/14/2016Bruce R BerkowitzMajor ShareholderBuy50,300$38.55$1,939,065.00View SEC Filing  
12/9/2015Bruce R BerkowitzMajor ShareholderSell11,400$34.39$392,046.00View SEC Filing  
12/4/2015Bruce R BerkowitzMajor ShareholderSell7,800$34.57$269,646.00View SEC Filing  
11/23/2015Bruce R BerkowitzMajor ShareholderBuy3,400$33.58$114,172.00View SEC Filing  
11/17/2015Bruce R BerkowitzMajor ShareholderBuy61,900$35.17$2,177,023.00View SEC Filing  
11/13/2015Bruce R BerkowitzMajor ShareholderBuy36,400$36.81$1,339,884.00View SEC Filing  
11/9/2015Bruce R BerkowitzMajor ShareholderBuy30,800$38.42$1,183,336.00View SEC Filing  
11/3/2015Bruce R BerkowitzMajor ShareholderBuy23,600$42.50$1,003,000.00View SEC Filing  
8/31/2015Bruce R BerkowitzMajor ShareholderBuy59,500$39.52$2,351,440.00View SEC Filing  
8/21/2015Bruce R BerkowitzMajor ShareholderSell4,550$41.89$190,599.50View SEC Filing  
7/22/2015Bruce R BerkowitzMajor ShareholderSell125,000$39.85$4,981,250.00View SEC Filing  
7/17/2015Citadel Gp LlcMajor ShareholderSell48,253$37.60$1,814,312.80View SEC Filing  
(Data available from 1/1/2013 forward)

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Seritage Growth Properties (SRG) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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