About Seritage Growth Properties (NYSE:SRG)
Seritage 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
- Market Cap: $1.44946 billion
- Outstanding Shares: 33,953,000
- 50 Day Moving Avg: $45.75
- 200 Day Moving Avg: $44.01
- 52 Week Range: $38.49 - $50.00
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 18.48
- P/E Growth: 0.00
- Annual Revenue: $248.2 million
- Price / Sales: 5.82
- Book Value: $24.06 per share
- Price / Book: 1.77
- Annual Dividend: $1.00
- Dividend Yield: 2.4%
- EBITDA: $163.67 million
- Net Margins: -31.23%
- Return on Equity: -5.52%
- Return on Assets: -2.83%
- Debt-to-Equity Ratio: 1.00%
- Current Ratio: 4.53%
- Quick Ratio: 4.53%
- 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?
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?
Some companies that are related to Seritage Growth Properties include Shaftesbury plc (SHB), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), Select Income REIT (SIR), Great Portland Estates Plc (GPOR), Government Properties Income Trust (GOV), Workspace Group plc (WKP), Global Net Lease (GNL), CBL & Associates Properties (CBL), Hannon Armstrong Sustainable Infrastructure Capital (HASI), New York REIT (NYRT), Monmouth Real Estate Investment Corporation (MNR), Londonmetric Property PLC (LMP), Urstadt Biddle Properties (UBA), Newriver Reit PLC (NRR), Easterly Government Properties (DEA) and Redefine International PLC (RDI).
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?
MarketBeat Community Rating for Seritage Growth Properties (NYSE SRG)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.
One share of Seritage Growth Properties stock can currently be purchased for approximately $42.51.
Consensus Ratings for Seritage Growth Properties (NYSE:SRG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Seritage Growth Properties (NYSE:SRG)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/17/2017||Boenning Scattergood||Set Price Target||Sell||$38.00||N/A|
|5/15/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$48.00||Medium|
|10/25/2016||Wells Fargo & Company||Initiated Coverage||Outperform||N/A|
Earnings History for Seritage Growth Properties (NYSE:SRG)Earnings History by Quarter for Seritage Growth Properties (NYSE SRG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/4/2017||Q1 2017||$0.61||$0.48||$67.42 million||$65.40 million||View||N/A|
Earnings Estimates for Seritage Growth Properties (NYSE:SRG)
2017 EPS Consensus Estimate: $2.12
2018 EPS Consensus Estimate: $2.30
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Seritage Growth Properties (NYSE:SRG)
|Most Recent Dividend:||10/12/2017|
|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 History by Quarter for Seritage Growth Properties (NYSE SRG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Seritage Growth Properties (NYSE:SRG)
Insider Ownership Percentage: 9.78%Insider Trades by Quarter for Seritage Growth Properties (NYSE:SRG)
Institutional Ownership Percentage: 74.89%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/26/2017||Bruce R Berkowitz||Major Shareholder||Buy||31,200||$39.69||$1,238,328.00|| |
|5/19/2017||Bruce R Berkowitz||Major Shareholder||Buy||4,300||$38.75||$166,625.00|| |
|5/16/2017||Bruce R Berkowitz||Major Shareholder||Buy||149,300||$39.49||$5,895,857.00|| |
|5/11/2017||Bruce R Berkowitz||Major Shareholder||Buy||62,400||$39.94||$2,492,256.00|| |
|5/8/2017||Bruce R Berkowitz||Major Shareholder||Buy||123,500||$40.83||$5,042,505.00|| |
|5/1/2017||Bruce R Berkowitz||Major Shareholder||Buy||20,900||$41.50||$867,350.00|| |
|4/6/2017||Bruce R Berkowitz||Major Shareholder||Buy||18,200||$42.00||$764,400.00|| |
|3/29/2017||Bruce R Berkowitz||Major Shareholder||Buy||20,000||$42.84||$856,800.00|| |
|3/20/2017||Bruce R Berkowitz||Major Shareholder||Buy||20,000||$44.32||$886,400.00|| |
|3/13/2017||Bruce R Berkowitz||Major Shareholder||Buy||53,200||$45.55||$2,423,260.00|| |
|1/31/2017||Bruce R Berkowitz||Major Shareholder||Buy||75,200||$40.63||$3,055,376.00|| |
|1/13/2017||Bruce R Berkowitz||Major Shareholder||Buy||140,600||$39.92||$5,612,752.00|| |
|8/31/2016||Bruce R Berkowitz||Major Shareholder||Buy||200||$44.51||$8,902.00|| |
|8/26/2016||Bruce R Berkowitz||Major Shareholder||Buy||24,700||$45.15||$1,115,205.00|| |
|8/19/2016||Bruce R Berkowitz||Major Shareholder||Buy||100||$45.88||$4,588.00|| |
|8/17/2016||Bruce R Berkowitz||Major Shareholder||Buy||10,000||$46.65||$466,500.00|| |
|8/12/2016||Bruce R Berkowitz||Major Shareholder||Buy||10,000||$47.61||$476,100.00|| |
|8/11/2016||Bruce R Berkowitz||Major Shareholder||Sell||750||$47.82||$35,865.00|| |
|7/19/2016||Bruce R Berkowitz||Major Shareholder||Sell||9,648||$48.63||$469,182.24|| |
|5/25/2016||Bruce R Berkowitz||Major Shareholder||Buy||5,000||$43.64||$218,200.00|| |
|5/19/2016||Bruce R Berkowitz||Major Shareholder||Buy||37,700||$43.66||$1,645,982.00|| |
|5/17/2016||Bruce R Berkowitz||Major Shareholder||Buy||17,300||$45.15||$781,095.00|| |
|5/10/2016||Edward S Lampert||Insider||Sell||9,200||$53.63||$493,396.00|| |
|4/6/2016||Bruce R Berkowitz||Major Shareholder||Sell||11,150||$51.27||$571,660.50|| |
|3/22/2016||Bruce R Berkowitz||Major Shareholder||Buy||21,000||$46.53||$977,130.00|| |
|3/17/2016||Bruce R Berkowitz||Major Shareholder||Buy||30,000||$43.55||$1,306,500.00|| |
|3/15/2016||John Mcclain||Director||Buy||200||$43.48||$8,696.00|| |
|3/11/2016||Bruce R Berkowitz||Major Shareholder||Buy||4,400||$40.44||$177,936.00|| |
|3/9/2016||Bruce R Berkowitz||Major Shareholder||Sell||164,500||$40.76||$6,705,020.00|| |
|3/3/2016||Bruce R Berkowitz||Major Shareholder||Sell||118,550||$41.86||$4,962,503.00|| |
|3/1/2016||Bruce R Berkowitz||Major Shareholder||Sell||81,950||$41.95||$3,437,802.50|| |
|2/16/2016||Bruce R Berkowitz||Major Shareholder||Buy||5,000||$39.59||$197,950.00|| |
|2/12/2016||Bruce R Berkowitz||Major Shareholder||Sell||4,350||$39.20||$170,520.00|| |
|2/11/2016||Bruce R Berkowitz||Major Shareholder||Buy||10,200||$38.22||$389,844.00|| |
|2/10/2016||Bruce R Berkowitz||Major Shareholder||Sell||4,550||$39.28||$178,724.00|| |
|1/20/2016||Bruce R Berkowitz||Major Shareholder||Buy||10,000||$37.49||$374,900.00|| |
|1/15/2016||Bruce R Berkowitz||Major Shareholder||Sell||9,550||$37.32||$356,406.00|| |
|1/14/2016||Bruce R Berkowitz||Major Shareholder||Buy||50,300||$38.55||$1,939,065.00|| |
|12/9/2015||Bruce R Berkowitz||Major Shareholder||Sell||11,400||$34.39||$392,046.00|| |
|12/4/2015||Bruce R Berkowitz||Major Shareholder||Sell||7,800||$34.57||$269,646.00|| |
|11/23/2015||Bruce R Berkowitz||Major Shareholder||Buy||3,400||$33.58||$114,172.00|| |
|11/17/2015||Bruce R Berkowitz||Major Shareholder||Buy||61,900||$35.17||$2,177,023.00|| |
|11/13/2015||Bruce R Berkowitz||Major Shareholder||Buy||36,400||$36.81||$1,339,884.00|| |
|11/9/2015||Bruce R Berkowitz||Major Shareholder||Buy||30,800||$38.42||$1,183,336.00|| |
|11/3/2015||Bruce R Berkowitz||Major Shareholder||Buy||23,600||$42.50||$1,003,000.00|| |
|8/31/2015||Bruce R Berkowitz||Major Shareholder||Buy||59,500||$39.52||$2,351,440.00|| |
|8/21/2015||Bruce R Berkowitz||Major Shareholder||Sell||4,550||$41.89||$190,599.50|| |
|7/22/2015||Bruce R Berkowitz||Major Shareholder||Sell||125,000||$39.85||$4,981,250.00|| |
|7/17/2015||Citadel Gp Llc||Major Shareholder||Sell||48,253||$37.60||$1,814,312.80|| |
Headline Trends for Seritage Growth Properties (NYSE:SRG)
Latest Headlines for Seritage Growth Properties (NYSE:SRG)
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Seritage Growth Properties (SRG) Chart for Sunday, October, 22, 2017