NYSE:SRG Seritage Growth Properties (SRG) Stock Forecast, Price & News $7.43 -0.17 (-2.24%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$7.43▼$7.5550-Day Range$7.43▼$9.3952-Week Range$7.11▼$12.79Volume370,864 shsAverage Volume289,320 shsMarket Capitalization$417.42 millionP/E RatioN/ADividend YieldN/APrice Target$14.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Seritage Growth Properties MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside88.4% Upside$14.00 Price TargetShort InterestBearish23.58% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 starsFinance Sector761st out of 822 stocksReal Estate Industry19th out of 24 stocks 3.5 Analyst's Opinion Consensus RatingSeritage 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/DownsideAccording 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 CoverageSeritage Growth Properties has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted23.58% of the float of Seritage Growth Properties has been sold short.Short Interest Ratio / Days to CoverSeritage Growth Properties has a short interest ratio ("days to cover") of 22.8, which indicates bearish sentiment.Change versus previous monthShort interest in Seritage Growth Properties has recently increased by 8.27%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSeritage Growth Properties does not currently pay a dividend.Dividend GrowthSeritage Growth Properties does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SRG. Previous Next 1.5 News and Social Media Coverage News SentimentSeritage 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 WeekMarketBeat has tracked 1 news article for Seritage Growth Properties this week, compared to 1 article on an average week.MarketBeat FollowsOnly 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. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Seritage Growth Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.36% of the stock of Seritage Growth Properties is held by insiders.Percentage Held by Institutions41.96% 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. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioSeritage 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. Previous Next See Top Rated MarketRank™ Stocks Here About Seritage Growth Properties (NYSE:SRG) StockSeritage 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).Read More SRG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SRG Stock News HeadlinesSeptember 17, 2023 | finance.yahoo.comSRG-PA - Seritage Growth PropertiesSeptember 13, 2023 | americanbankingnews.comTraders Purchase High Volume of Seritage Growth Properties Call Options (NYSE:SRG)September 22, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. August 14, 2023 | finance.yahoo.comSeritage Growth Properties Reports Second Quarter 2023 Operating ResultsAugust 1, 2023 | finance.yahoo.comSeritage Growth Properties (NYSE:SRG) investors are sitting on a loss of 80% if they invested five years agoJuly 12, 2023 | msn.comOdeon Capital Initiates Coverage of Seritage Growth Properties - (SRG) with Buy RecommendationJune 8, 2023 | finance.yahoo.comSeritage Growth Properties Makes $50 Million Loan PrepaymentJune 1, 2023 | msn.comFour Corners (FCPT) Boosts Portfolio With Two New BuyoutsSeptember 22, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile 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.comSeritage Stock: Time To Get GreedyMay 30, 2023 | msn.comSeritage Growth Properties prepays $200M of term loanMay 30, 2023 | finance.yahoo.comSeritage Growth Properties Makes $200 Million Loan PrepaymentMay 23, 2023 | bizjournals.comCodina Partners buys vacant Sears building at Westland MallMay 16, 2023 | msn.comUnusual Put Option Trade in Seritage Growth Properties - (SRG) Worth $255.42KMay 15, 2023 | msn.comUnusual Put Option Trade in Seritage Growth Properties - (SRG) Worth $162.50KMay 12, 2023 | marketwatch.com8-K: Seritage Growth PropertiesMay 10, 2023 | finance.yahoo.comSeritage Growth Properties Reports First Quarter 2023 Operating ResultsApril 4, 2023 | finance.yahoo.comSeritage Growth Properties Provides Update on Q1 2023 Transaction ActivityMarch 16, 2023 | finance.yahoo.comSeritage Growth Properties Full Year 2022 Earnings: US$1.59 loss per share (vs US$0.78 loss in FY 2021)March 14, 2023 | businesswire.comSeritage Growth Properties Reports Fourth Quarter and Full Year 2022 Operating ResultsMarch 6, 2023 | msn.comUnusual Put Option Trade in Seritage Growth Properties (SRG) Worth $152.93KMarch 1, 2023 | seekingalpha.comSRG.PA Seritage Growth Properties 7% CUM PFD SR AFebruary 22, 2023 | finance.yahoo.comSeritage Growth Properties (NYSE:SRG) shareholders have endured a 67% loss from investing in the stock five years agoFebruary 10, 2023 | seekingalpha.comSeritage Growth Properties reduces outstanding debt to $800MFebruary 2, 2023 | finance.yahoo.comSRG 2022 Year End Business UpdateJanuary 8, 2023 | thestreet.comSeritage Growth Properties (SRG) Stock Soars, Warren Buffett Reports 8.02% StakeDecember 27, 2022 | finance.yahoo.comOwners of Westfield Galleria at Roseville buy former Sears building, now Round1 Bowling and CinemarkSee More Headlines Receive SRG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Seritage Growth Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address SRG Company Calendar Last Earnings8/14/2023Today9/21/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate Sub-IndustryN/A SectorFinance Current SymbolNYSE:SRG CUSIPN/A CIK1628063 Webwww.seritage.com Phone(212) 355-7800FaxN/AEmployees32Year Founded2015Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($1.32) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-73,940,000.00 Net Margins-129.56% Pretax Margin-129.29% Return on Equity5.56% Return on Assets2.18% Debt Debt-to-Equity Ratio0.98 Current Ratio7.96 Quick Ratio7.96 Sales & Book Value Annual Sales$107.06 million Price / Sales3.90 Cash Flow$0.06 per share Price / Cash Flow127.44 Book Value$12.89 per share Price / Book0.58Miscellaneous Outstanding Shares56,180,000Free Float55,981,000Market Cap$417.42 million OptionableOptionable Beta2.68 Social Links The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMs. Andrea L. Olshan (Age 43)CEO, Pres & Director Comp: $2.41MMr. John Andrew Garilli (Age 58)Interim Chief Financial Officer Mr. Eric Dinenberg (Age 40)Chief Operating Officer Comp: $1.09MMr. Matthew E. Fernand (Age 46)Chief Legal Officer & Corp. Sec. Comp: $1.15MMr. Christopher MrozinskiSr. VP of Devel.Mr. Nino CammalleriSr. VP & Real Estate CounselMore ExecutivesKey CompetitorsTejon RanchNYSE:TRCFive PointNYSE:FPHFRPNASDAQ:FRPHOffice Properties Income TrustNASDAQ:OPIAFC GammaNASDAQ:AFCGView All CompetitorsInsiders & InstitutionsBarclays PLCBought 7,060 shares on 9/21/2023Ownership: 0.013%Wolverine Trading LLCBought 115,400 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 10,200 shares on 8/22/2023Ownership: 0.018%Boothbay Fund Management LLCSold 12,918 shares on 8/15/2023Ownership: 1.027%Citadel Advisors LLCBought 6,000 shares on 8/15/2023Ownership: 0.000%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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