Seritage Growth Properties Company Profile (NYSE:SRG)

About Seritage Growth Properties

Seritage Growth Properties logoSeritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, development, redevelopment, and management and leasing of diversified retail real estate across the United States. The Company's assets are held by and its operations are primarily conducted through directly or indirectly, by Seritage Growth Properties, L.P. Its portfolio include approximately 42.4 million square feet of gross leasable area (GLA), which consists of approximately 230 owned properties totaling over 37.0 million square feet of GLA across approximately 49 states and Puerto Rico and interests in approximately 30 joint venture properties totaling over 5.4 million square feet of GLA across approximately 17 states. Its portfolio includes over 3,000 acres of land, or approximately 10 acres per site for its owned properties.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: N/A
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: SRG
  • CUSIP:
Key Metrics:
  • Previous Close: $47.31
  • 50 Day Moving Average: $42.91
  • 200 Day Moving Average: $45.91
  • 52-Week Range: $39.60 - $57.31
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 21.70
  • P/E Growth: 0.00
  • Market Cap: $1.49B
  • Outstanding Shares: 31,597,000
  • Beta: 1.01
Profitability:
  • Net Margins: -16.77%
  • Return on Equity: -2.67%
  • Return on Assets: -1.45%
Debt:
  • Debt-to-Equity Ratio: 0.80%
  • Current Ratio: 4.02%
  • Quick Ratio: 4.02%
Additional Links:
Companies Related to Seritage Growth Properties:

Analyst Ratings

Consensus Ratings for Seritage Growth Properties (NYSE:SRG) (?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $49.33 (4.28% upside)

Analysts' Ratings History for Seritage Growth Properties (NYSE:SRG)
Show:
DateFirmActionRatingPrice TargetDetails
1/3/2017RBC Capital MarketsDowngradeOutperform -> Sector Perform$62.00 -> $48.00View Rating Details
12/5/2016Royal Bank of CanadaDowngradeTop Pick -> Outperform$72.00 -> $62.00View Rating Details
11/8/2016Boenning ScattergoodReiterated RatingUnderperformView Rating Details
10/25/2016Wells Fargo & CoInitiated CoverageOutperformView Rating Details
(Data available from 2/28/2015 forward)

Earnings

Earnings History for Seritage Growth Properties (NYSE:SRG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/28/2017        
2/28/2017Q416$0.59N/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Seritage Growth Properties (NYSE:SRG)
Current Year EPS Consensus Estimate: $2.33 EPS
Next Year EPS Consensus Estimate: $2.18 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.63$0.63$0.63
Q2 20161$0.61$0.61$0.61
Q3 20161$0.57$0.57$0.57
Q4 20161$0.59$0.59$0.59
Q1 20171$0.58$0.58$0.58
Q2 20171$0.50$0.50$0.50
Q3 20171$0.51$0.51$0.51
Q4 20171$0.46$0.46$0.46
Q1 20181$0.49$0.49$0.49
Q2 20181$0.50$0.50$0.50
Q3 20181$0.51$0.51$0.51
Q4 20181$0.48$0.48$0.48
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Seritage Growth Properties (NYSE:SRG)
Annual Dividend:$1.00
Dividend Yield:2.11%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-76.92% (Based on Trailing 12 Months of Earnings)
42.92% (Based on Current Year Consensus EPS Estimate)
45.87% (Based on Next Year Consensus EPS Estimate)

Dividend History for Seritage Growth Properties (NYSE:SRG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Seritage Growth Properties (NYSE:SRG)
Insider Ownership Percentage: 10.18%
Institutional Ownership Percentage: 80.22%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)

Headlines

Latest Headlines for Seritage Growth Properties (NYSE:SRG)
DateHeadline
nasdaq.com logoSRG Makes Bullish Cross Above Critical Moving Average (NYSE:SRG)
www.nasdaq.com - February 24 at 10:47 PM
marketexclusive.com logoSERITAGE GROWTH PROPERTIES (NYSE:SRG) Files An 8-K Entry into a Material Definitive Agreement (NYSE:SRG)
marketexclusive.com - February 24 at 10:47 PM
biz.yahoo.com logoSERITAGE GROWTH PROPERTIES Files SEC form 8-K, Entry into a Material Definitive Agreement (NYSE:SRG)
biz.yahoo.com - February 24 at 10:47 PM
nasdaq.com logoCommit To Buy Seritage Growth Properties At $35, Earn 8.2% Annualized Using Options (NYSE:SRG)
www.nasdaq.com - February 15 at 6:10 AM
News IconGLOBALES: Investors reach $40 million settlement over Sears real estate deal (NYSE:SRG)
www.entornointeligente.com - February 10 at 4:56 AM
schaeffersresearch.com logoTrump Comments Boost Dow Jones Industrial Average to Record Highs (NYSE:SRG)
www.schaeffersresearch.com - February 10 at 4:56 AM
reuters.com logoInvestors reach $40 million settlement over Sears real estate deal (NYSE:SRG)
in.reuters.com - February 10 at 4:56 AM
finance.yahoo.com logoSeritage Growth Properties Announces Fourth Quarter 2016 Earnings Release Date (NYSE:SRG)
finance.yahoo.com - February 8 at 6:18 AM
finance.yahoo.com logoSeritage Growth Properties Announces Fourth Quarter 2016 Earnings Release Date (NYSE:SRG)
finance.yahoo.com - February 8 at 6:18 AM
finance.yahoo.com logoBruce Berkowitz Comments on Seritage (NYSE:SRG)
finance.yahoo.com - February 1 at 6:06 AM
forbes.com logoREIT Risk: The Mall Sector Series (NYSE:SRG)
www.forbes.com - January 30 at 7:35 AM
fxpips.com logoTop 20 NYSE Stocks: Percentage Gainers – CWEI, SN, LUX, KGC, BAS, OIBRC, SRG, REV, SNOW, HNR, NBL, DQ, CVEO, PVH, NYLD, DIN (NYSE:SRG)
www.fxpips.com - January 18 at 2:55 AM
4-traders.com logoSERITAGE GROWTH PROPERTIES : Other Events, Financial Statements and Exhibits (form 8-K) (NYSE:SRG)
www.4-traders.com - January 17 at 12:47 PM
seekingalpha.com logoSeritage Growth Properties (SRG) (NYSE:SRG)
seekingalpha.com - January 17 at 12:47 PM
finance.yahoo.com logoSeritage Growth Properties Announces Leasing and Development Activity (NYSE:SRG)
finance.yahoo.com - January 17 at 12:47 PM
biz.yahoo.com logoSERITAGE GROWTH PROPERTIES Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:SRG)
biz.yahoo.com - January 17 at 12:47 PM
finance.yahoo.com logo10:04 am Seritage Growth Properties +4% after updating on its leasing and development activity as of December 31, 2016 (NYSE:SRG)
finance.yahoo.com - January 17 at 12:47 PM
finance.yahoo.com logoLargest Insider Trades of the Week (NYSE:SRG)
finance.yahoo.com - January 16 at 6:12 PM
finance.yahoo.com logoSama Graphite Begins Trading on the TSXV (NYSE:SRG)
finance.yahoo.com - January 16 at 1:11 PM
finance.yahoo.com logoIIROC Trading Resumption - SRG (NYSE:SRG)
finance.yahoo.com - January 14 at 6:23 AM
investopedia.com logoWhat Sears Could Learn From The Limited (NYSE:SRG)
www.investopedia.com - January 9 at 11:38 PM
seekingalpha.com logoA Sears Bankruptcy Will Drag Seritage Down With It (NYSE:SRG)
seekingalpha.com - January 6 at 5:20 AM
bizjournals.com logoLongs Drugs strikes 15-year lease deal for former Honolulu Kmart site (NYSE:SRG)
www.bizjournals.com - January 6 at 5:20 AM
biz.yahoo.com logoSERITAGE GROWTH PROPERTIES Files SEC form 8-K, Other Events (NYSE:SRG)
us.rd.yahoo.com - January 5 at 6:49 AM
cnbc.com logoSears closing more stores as game of financial Jenga continues (NYSE:SRG)
www.cnbc.com - January 4 at 10:21 AM
blogs.barrons.com logoSeritage: It’s Sears, Silly (NYSE:SRG)
blogs.barrons.com - January 4 at 3:07 AM
nasdaq.com logoSeritage Growth Properties Becomes Oversold (SRG) (NYSE:SRG)
www.nasdaq.com - December 29 at 7:54 PM
zacks.com logoTerreno Realty (TRNO) Announces Los Angeles Lease Deals (NYSE:SRG)
www.zacks.com - December 29 at 8:11 AM
4-traders.com logoSERITAGE GROWTH PROPERTIES (BIT:SRG) Files An 8-K Other Events (NYSE:SRG)
www.4-traders.com - December 28 at 7:50 PM
bizjournals.com logoConstruction: $1.5 million building permit filed for Nordstrom Rack (NYSE:SRG)
www.bizjournals.com - December 28 at 7:50 PM
4-traders.com logoSERITAGE GROWTH PROPERTIES : Other Events (form 8-K) (NYSE:SRG)
www.4-traders.com - December 28 at 9:04 AM
finance.yahoo.com logoAGNC Investment Repositions Portfolio: Should You Hold? (NYSE:SRG)
finance.yahoo.com - December 28 at 9:04 AM
businesswire.com logoSeritage Growth Properties Announces Proposed New Unsecured Credit Facility (NYSE:SRG)
www.businesswire.com - December 27 at 9:01 AM
marketexclusive.com logoSERITAGE GROWTH PROPERTIES (NASDAQ:SRG) Files An 8-K Other Events (NYSE:SRG)
marketexclusive.com - December 27 at 9:01 AM
finance.yahoo.com logoPS Business Parks Aided by Diverse Portfolio: Time to Hold? (NYSE:SRG)
finance.yahoo.com - December 27 at 9:01 AM
feeds.reuters.com logoBRIEF-Seritage Growth Properties announces proposed new unsecured credit facility (NYSE:SRG)
feeds.reuters.com - December 27 at 7:36 AM
finance.yahoo.com logoSTAG Industrial Amends and Restates Unsecured Term Loans (NYSE:SRG)
finance.yahoo.com - December 21 at 8:06 AM
finance.yahoo.com logoHannon Armstrong Inks Deal with CSRE for C-PACE Projects (NYSE:SRG)
finance.yahoo.com - December 19 at 11:23 AM
finance.yahoo.com logoGramercy (GPT) Acquires Logistics Portfolio for $521 Million (NYSE:SRG)
finance.yahoo.com - December 19 at 11:23 AM
finance.yahoo.com logoSimon (SPG) Competes with Internet Purchase: Time to Hold? (NYSE:SRG)
finance.yahoo.com - December 12 at 8:58 AM
capitalcube.com logoSeritage Growth Properties breached its 50 day moving average in a Bearish Manner : SRG-US : December 12, 2016 (NYSE:SRG)
www.capitalcube.com - December 12 at 8:58 AM
News IconSales, profit at Sears continue downward spiral — Business digest (NYSE:SRG)
myhealthbowl.com - December 9 at 7:52 PM
finance.yahoo.com logoDuke Realty's (DRE) Rating Raised by S&P: Time to Buy? (NYSE:SRG)
finance.yahoo.com - December 9 at 7:52 PM
finance.yahoo.com logoAnother Sears loss in the books, as iconic retailer looks 'set to sink' (NYSE:SRG)
finance.yahoo.com - December 8 at 9:04 PM
zacks.com logoMack-Cali's Rating Affirmed & Outlook Lowered by Moody's (NYSE:SRG)
www.zacks.com - December 8 at 8:17 AM
News IconNotable Wednesday Option Activity: SEMG, SRG, VRNT (NYSE:SRG)
www.stockoptionschannel.com - December 7 at 7:46 PM
seekingalpha.com logoStocking Stuffer Idea: Seritage Growth Properties (NYSE:SRG)
seekingalpha.com - December 7 at 12:38 AM
us.rd.yahoo.com logoSeritage Growth Properties downgraded by RBC Capital Mkts (NYSE:SRG)
us.rd.yahoo.com - December 5 at 7:44 PM
finance.yahoo.com logoRegency Centers (REG) Announces New Ground-Up Development (NYSE:SRG)
finance.yahoo.com - December 5 at 8:58 AM
finance.yahoo.com logoKennedy Wilson Closes Separate Transactions Worth $363M (NYSE:SRG)
finance.yahoo.com - December 5 at 8:58 AM

Social

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 announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Saturday, December 31st will be paid a dividend of $0.25 per share on Thursday, January 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, December 28th.

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

4 brokerages have issued 1 year price objectives for Seritage Growth Properties' shares. Their predictions range from $38.00 to $62.00. On average, they anticipate Seritage Growth Properties' stock price to reach $49.33 in the next year.

When will Seritage Growth Properties announce their earnings?

Seritage Growth Properties is scheduled to release their next quarterly earnings announcement on Tuesday, February, 28th 2017.

Who owns Seritage Growth Properties stock?

Seritage Growth Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (2.47%), XL Group Investments Ltd (1.93%), Dalal Street LLC (1.67%), TCW Group Inc. (1.10%), Hotchkis & Wiley Capital Management LLC (0.66%) and Everett Capital Advisors UK LLP (0.63%). Company insiders that own Seritage Growth Properties stock include Bruce R Berkowitz, Citadel Gp Llc, Edward S Lampert and John Mcclain.

Who sold Seritage Growth Properties stock? Who is selling Seritage Growth Properties stock?

Seritage Growth Properties' stock was sold by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, AQR Capital Management LLC, Levin Capital Strategies L.P., Asset Management One Co. Ltd., Gamco Investors INC. ET AL and GoodHaven Capital Management LLC. Company insiders that have sold Seritage Growth Properties stock in the last year include Bruce R Berkowitz and Edward S Lampert.

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

Seritage Growth Properties' stock was purchased by a variety of institutional investors in the last quarter, including XL Group Investments Ltd, Everett Capital Advisors UK LLP, TCW Group Inc., Russell Investments Group Ltd., State Street Corp, Micawber Capital LLC, Arrowpoint Asset Management LLC and Tudor Investment Corp Et Al. Company insiders that have bought Seritage Growth Properties stock in the last two years include Bruce R Berkowitz and John Mcclain.

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.

How much does a share of Seritage Growth Properties stock cost?

One share of Seritage Growth Properties stock can currently be purchased for approximately $47.31.

Seritage Growth Properties (NYSE:SRG) Chart for Tuesday, February, 28, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

Earnings History Chart

Earnings by Quarter for Seritage Growth Properties (NYSE:SRG)

Dividend History Chart

Dividend Payments by Quarter for Seritage Growth Properties (NYSE:SRG)

Last Updated on 2/28/2017 by MarketBeat.com Staff