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: N/A
  • Sub-Industry: N/A
  • Symbol: NYSE:SRG
  • CUSIP: N/A
  • Web: www.seritage.com
Capitalization:
  • Market Cap: $1.35 billion
  • Outstanding Shares: 33,946,000
Average Prices:
  • 50 Day Moving Avg: $41.35
  • 200 Day Moving Avg: $43.66
  • 52 Week Range: $38.49 - $51.99
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 18.20
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $254.63 million
  • Price / Sales: 5.29
  • Book Value: $24.91 per share
  • Price / Book: 1.59
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 2.5%
Profitability:
  • EBIDTA: $171.87 million
  • 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%
Misc:
  • Average Volume: 359,634 shs.
  • Beta: 1.01
  • Short Ratio: 23.68
 

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 announced a quarterly dividend on Wednesday, April 26th. Shareholders of record on Friday, June 30th will be given a dividend of $0.25 per share on Thursday, July 13th. This represents a $1.00 annualized dividend and a yield of 2.52%. The ex-dividend date is Wednesday, June 28th. View Seritage Growth Properties' Dividend History.

How were Seritage Growth Properties' earnings last quarter?

Seritage Growth Properties (NYSE:SRG) issued its quarterly earnings data on Thursday, May, 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by $0.13. The company earned $65.40 million during the quarter, compared to the consensus estimate of $67.42 million. Seritage Growth Properties had a negative net margin of 16.77% and a negative return on equity of 2.67%. View Seritage Growth Properties' Earnings History.

When will Seritage Growth Properties make its next earnings announcement?

Seritage Growth Properties is scheduled to release their next quarterly earnings announcement on Wednesday, August, 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 analysts have issued twelve-month price objectives for Seritage Growth Properties' shares. Their forecasts range from $48.00 to $48.00. On average, they anticipate Seritage Growth Properties' stock price to reach $48.00 in the next twelve months. View Analyst Ratings for Seritage Growth Properties.

Who are some of Seritage Growth Properties' key competitors?

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 Vanguard Group Inc. (9.35%), BlackRock Inc. (7.39%), Hotchkis & Wiley Capital Management LLC (5.75%), Eagle Asset Management Inc. (2.86%), State Street Corp (2.40%) and XL Group Investments Ltd (2.03%). Company insiders that own Seritage Growth Properties stock include Bruce R Berkowitz, Citadel Gp Llc, Edward S Lampert and John Mcclain. View Institutional Ownership Trends for Seritage Growth Properties.

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 Dalal Street LLC, Eagle Asset Management Inc., TCW Group Inc., Signpost Capital Advisors LP, Ruffer LLP, AXA, KBC Group NV and Tudor Investment Corp ET AL. View Insider Buying and Selling for Seritage Growth Properties.

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 BlackRock Inc., Hotchkis & Wiley Capital Management LLC, RBS Partners L.P., Wells Fargo & Company MN, Oxford Asset Management, Morgan Stanley, HighTower Advisors LLC and Everett Capital Advisors UK LLP. 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.

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

One share of Seritage Growth Properties stock can currently be purchased for approximately $39.67.

Analyst Ratings

Consensus Ratings for Seritage Growth Properties (NYSE:SRG) (?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $48.00 (21.00% upside)

Analysts' Ratings History for Seritage Growth Properties (NYSE:SRG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Royal Bank of CanadaReiterated RatingHold$48.00MediumView Rating Details
11/8/2016Boenning ScattergoodReiterated RatingUnderperformN/AView Rating Details
10/25/2016Wells Fargo & CoInitiated CoverageOutperformN/AView Rating Details
(Data available from 5/28/2015 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
8/2/2017        
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: $2.14
2018 EPS Consensus Estimate: $2.16
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.61$0.61$0.61
Q2 20171$0.45$0.45$0.45
Q3 20171$0.55$0.55$0.55
Q4 20171$0.53$0.53$0.53
Q1 20181$0.55$0.55$0.55
Q2 20181$0.56$0.56$0.56
Q3 20181$0.56$0.56$0.56
Q4 20181$0.49$0.49$0.49
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Seritage Growth Properties (NYSE:SRG)
Next Dividend:7/13/2017
Annual Dividend:$1.00
Dividend Yield:2.52%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-76.92% (Trailing 12 Months of Earnings)
42.92% (Based on This Year's Estimates)
45.87% (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
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: 10.18%
Institutional Ownership Percentage: 80.22%
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)

Headlines

Headline Trends for Seritage Growth Properties (NYSE:SRG)
Latest Headlines for Seritage Growth Properties (NYSE:SRG)
Source:
DateHeadline
americanbankingnews.com logoSeritage Growth Properties (SRG) Major Shareholder Bruce R. Berkowitz Acquires 31,200 Shares
www.americanbankingnews.com - May 26 at 7:26 PM
americanbankingnews.com logoZacks: Seritage Growth Properties (SRG) Given $43.00 Consensus Target Price by Brokerages
www.americanbankingnews.com - May 26 at 4:50 PM
finance.yahoo.com logoWhy Sears' Eddie Lampert Needs A Reality Check
finance.yahoo.com - May 22 at 8:52 AM
americanbankingnews.com logoSeritage Growth Properties (SRG) Major Shareholder Bruce R. Berkowitz Buys 4,300 Shares
www.americanbankingnews.com - May 19 at 8:28 PM
nasdaq.com logoNoteworthy Thursday Option Activity: SRG, KMB, AAL
www.nasdaq.com - May 19 at 12:48 PM
investorplace.com logoForget Sears Holdings Corp (SHLD) Stock, Buy Seritage Growth Properties (SRG) Instead
investorplace.com - May 18 at 9:29 AM
seekingalpha.com logoTracking Bruce Berkowitz's Fairholme Portfolio - Q1 2017 Update
seekingalpha.com - May 17 at 7:57 PM
americanbankingnews.com logoBruce R. Berkowitz Buys 149,300 Shares of Seritage Growth Properties (SRG) Stock
www.americanbankingnews.com - May 16 at 7:15 PM
americanbankingnews.com logoZacks Investment Research Downgrades Seritage Growth Properties (SRG) to Sell
www.americanbankingnews.com - May 13 at 10:38 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Major Shareholder Bruce R. Berkowitz Purchases 62,400 Shares
www.americanbankingnews.com - May 11 at 10:14 PM
finance.yahoo.com logoSears CEO: There's still time for a turnaround
finance.yahoo.com - May 11 at 9:38 PM
americanbankingnews.com logoBoenning Scattergood Weighs in on Seritage Growth Properties' Q2 2017 Earnings (SRG)
www.americanbankingnews.com - May 11 at 7:42 AM
americanbankingnews.com logoBoenning Scattergood Comments on Seritage Growth Properties' FY2017 Earnings (SRG)
www.americanbankingnews.com - May 10 at 9:59 AM
seekingalpha.com logoSeritage Growth Properties Could Have A Short Squeeze In The Near Term
seekingalpha.com - May 9 at 10:22 AM
americanbankingnews.com logoSeritage Growth Properties (SRG) Major Shareholder Purchases $5,042,505.00 in Stock
www.americanbankingnews.com - May 8 at 7:16 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - May 7 at 2:52 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Rating Reiterated by Royal Bank of Canada
www.americanbankingnews.com - May 6 at 6:24 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS
www.americanbankingnews.com - May 5 at 10:22 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Releases Earnings Results, Misses Expectations By $0.13 EPS
www.americanbankingnews.com - May 5 at 8:32 PM
marketbeat.com logoSeritage Growth Properties reports 1Q results
marketbeat.com - May 4 at 6:15 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Major Shareholder Bruce R. Berkowitz Acquires 20,900 Shares
www.americanbankingnews.com - May 2 at 9:24 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Scheduled to Post Earnings on Thursday
www.americanbankingnews.com - May 2 at 5:34 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Earning Somewhat Positive News Coverage, Analysis Shows
www.americanbankingnews.com - April 26 at 7:42 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Plans $0.25 Quarterly Dividend
www.americanbankingnews.com - April 26 at 6:44 PM
finance.yahoo.com logoSeritage Growth Properties Announces Second Quarter 2017 Dividend
finance.yahoo.com - April 25 at 6:58 PM
finance.yahoo.com logoSeritage Growth Properties Announces First Quarter 2017 Earnings Release Date
finance.yahoo.com - April 20 at 8:06 PM
bizjournals.com logoSears near Aventura Mall to lay off 101
www.bizjournals.com - April 20 at 12:59 AM
americanbankingnews.com logoSeritage Growth Properties (SRG) Getting Very Positive Media Coverage, Study Finds
www.americanbankingnews.com - April 15 at 9:07 AM
finance.yahoo.com logoBruce Berkowitz Loading Up on Seritage Growth Properties
finance.yahoo.com - April 10 at 7:31 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Major Shareholder Bruce R. Berkowitz Purchases 18,200 Shares
www.americanbankingnews.com - April 7 at 7:58 PM
thestreet.com logoThese Investors Are Quietly Betting Sears Has a Tragic Ending
us.rd.yahoo.com - March 31 at 3:16 PM
americanbankingnews.com logoInsider Buying: Seritage Growth Properties (SRG) Major Shareholder Purchases 20,000 Shares of Stock
www.americanbankingnews.com - March 30 at 8:46 AM
bizjournals.com logoThree Baltimore-area Sears stores are being marketed for lease
www.bizjournals.com - March 30 at 12:37 AM
capitalcube.com logoSeritage Growth Properties breached its 50 day moving average in a Bearish Manner : SRG-US : March 22, 2017
us.rd.yahoo.com - March 22 at 7:53 PM
bizjournals.com logoKmart store building in Miami-Dade could be redeveloped
www.bizjournals.com - March 22 at 3:04 AM
americanbankingnews.com logoInsider Buying: Seritage Growth Properties (SRG) Major Shareholder Acquires 20,000 Shares of Stock
www.americanbankingnews.com - March 21 at 7:16 PM
finance.yahoo.com logoEddie Lampert's 2016 Sears Chairman's Letter
finance.yahoo.com - March 21 at 10:08 AM
finance.yahoo.com logoSERITAGE GROWTH PROPERTIES Financials
finance.yahoo.com - March 7 at 7:50 PM
bizjournals.com logoHow Orlando Fashion Square’s new owner may give the old mall a reset
www.bizjournals.com - March 1 at 9:43 PM
biz.yahoo.com logoSERITAGE GROWTH PROPERTIES Files SEC form 10-K, Annual Report
biz.yahoo.com - March 1 at 9:43 PM
biz.yahoo.com logoSERITAGE GROWTH PROPERTIES Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
biz.yahoo.com - February 28 at 7:37 PM
biz.yahoo.com logoQ4 2016 Seritage Growth Properties Earnings Release - After Market Close
biz.yahoo.com - February 28 at 11:48 AM
nasdaq.com logoSRG Makes Bullish Cross Above Critical Moving Average
www.nasdaq.com - February 24 at 10:47 PM
biz.yahoo.com logoSERITAGE GROWTH PROPERTIES Files SEC form 8-K, Entry into a Material Definitive Agreement
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
www.nasdaq.com - February 15 at 6:10 AM
finance.yahoo.com logoSeritage Growth Properties Announces Fourth Quarter 2016 Earnings Release Date
finance.yahoo.com - February 8 at 6:18 AM
finance.yahoo.com logoSeritage Growth Properties Announces Fourth Quarter 2016 Earnings Release Date
finance.yahoo.com - February 8 at 6:18 AM
finance.yahoo.com logoBruce Berkowitz Comments on Seritage
finance.yahoo.com - February 1 at 6:06 AM
forbes.com logoREIT Risk: The Mall Sector Series
www.forbes.com - January 30 at 7:35 AM
seekingalpha.com logoSeritage Growth Properties (SRG)
seekingalpha.com - January 17 at 12:47 PM

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Seritage Growth Properties (SRG) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff