Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 222 wholly-owned properties and 26 joint venture properties totaling approximately 39 million square feet of space across 49 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. Pursuant to a master lease, the Company has the right to recapture certain space from Sears Holdings for retenanting or redevelopment purposes. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:SRG
Previous Symbol
CUSIPN/A
Phone212-355-7800
Debt
Debt-to-Equity Ratio1.28
Current Ratio8.89
Quick Ratio8.89
Price-To-Earnings
Trailing P/E Ratio66.88
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$241.02 million
Price / Sales5.70
Cash Flow$5.1913 per share
Price / Cash7.16
Book Value$33.83 per share
Price / Book1.10
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-73,750,000.00
Net Margins-29.00%
Return on Equity-4.76%
Return on Assets-2.24%
Miscellaneous
Employees56
Outstanding Shares36,990,000
Market Cap$1.41 billion
OptionableOptionable
Seritage Growth Properties (NYSE:SRG) Frequently Asked Questions
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 Wednesday, October 24th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.25 per share on Thursday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, December 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, August, 2nd. The financial services provider reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.21. The financial services provider earned $49.27 million during the quarter. Seritage Growth Properties had a negative net margin of 29.00% and a negative return on equity of 4.76%. The company's quarterly revenue was down 14.9% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. View Seritage Growth Properties' Earnings History.
When is Seritage Growth Properties' next earnings date?
What price target have analysts set for SRG?
2 brokers have issued twelve-month target prices for Seritage Growth Properties' shares. Their forecasts range from $34.00 to $44.00. On average, they anticipate Seritage Growth Properties' stock price to reach $39.00 in the next year. This suggests a possible upside of 4.9% from the stock's current price. View Analyst Price Targets for Seritage Growth Properties.
What is the consensus analysts' recommendation for Seritage Growth Properties?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seritage Growth Properties in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Seritage Growth Properties.
What are Wall Street 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. " (5/24/2018)
- 2. Boenning Scattergood analysts commented, "We estimate that the deal would largely bridge our identified potential funding shortfall though proceeds could also simply be used to pay down the outstanding ESL loan. We continue to rate SRG Underperform due to the uncertainties around its biggest tenant Sears as well as the stock’s large relative NAV premium. Key Points: Sources & Uses Update – Following the announced sale of its 50% interest in five Simon Property Group Inc. (SPG-$165.63-Outperform) assets, our last analysis indicated that the company’s funding shortfall declined to approximately $80 million. Our analysis assumes that the ESL facility that officially matures at the end of 2017 is fully utilized and is rolled over indefinitely. The company has raised approximately $140 million of capital this quarter from SPG JV interest sale and preferred equity raise." (12/15/2017)
Has Seritage Growth Properties been receiving favorable news coverage?
News articles about SRG stock have trended positive on Thursday, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Seritage Growth Properties earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the near term.
Who are some of Seritage Growth Properties' key competitors?
Some companies that are related to Seritage Growth Properties include Brookfield Property Partners (BPY), Hudson Pacific Properties (HPP), BELLWAY PLC/ADR (BLWYY), Cushman & Wakefield (CWK), Kennedy-Wilson (KW), FirstService (FSV), Colliers International Group (CIGI), Urban Edge Properties (UE), Terreno Realty (TRNO), Shanghai Industrial (SGHIY), Yangtze River Port and Logistics (YRIV), Gazit Globe (GZT), Getty Realty (GTY), Five Point (FPH) and Government Properties Income Trust (GOV).
Who are Seritage Growth Properties' key executives?
Seritage Growth Properties' management team includes the folowing people:
- Mr. Benjamin W. Schall, Pres, CEO & Trustee (Age 43)
- Mr. Brian Robert Dickman, Exec. VP & CFO (Age 42)
- Mr. Kenneth T. Lombard, Exec. VP & COO (Age 63)
- Mr. Matthew E. Fernand, Exec. VP, Gen. Counsel & Sec. (Age 41)
- Mr. James Edwin Bry, Exec. VP of Devel. & Construction (Age 50)
Who are Seritage Growth Properties' major shareholders?
Seritage Growth Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.57%), Eagle Asset Management Inc. (3.54%), The Manufacturers Life Insurance Company (2.59%), AXA (2.44%), Wallace Capital Management Inc. (1.34%) and Schwerin Boyle Capital Management Inc. (1.08%). Company insiders that own Seritage Growth Properties stock include Bruce R Berkowitz, Edward S Lampert, John Mcclain, Kenneth T Lombard, Marc Filion, Renã© Lessard, Salle Benoit La and Sharon Osberg. View Institutional Ownership Trends for Seritage Growth Properties.
Which major investors are selling Seritage Growth Properties stock?
SRG stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Schwerin Boyle Capital Management Inc., TCW Group Inc., BlackRock Inc., Ingalls & Snyder LLC, Eagle Asset Management Inc., Bank of New York Mellon Corp and Summit Securities Group LLC. View Insider Buying and Selling for Seritage Growth Properties.
Which major investors are buying Seritage Growth Properties stock?
SRG stock was purchased by a variety of institutional investors in the last quarter, including AXA, Aquamarine Capital Management LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., MetLife Investment Advisors LLC, Roundview Capital LLC, First Trust Advisors LP and Russell Investments Group Ltd.. Company insiders that have bought Seritage Growth Properties stock in the last two years include Bruce R Berkowitz, Edward S Lampert, John Mcclain, Kenneth T Lombard, Marc Filion, Renã© Lessard, Salle Benoit La and Sharon Osberg. View Insider Buying and Selling for Seritage Growth Properties.
How do I buy shares of Seritage Growth Properties?
Shares of SRG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Seritage Growth Properties' stock price today?
One share of SRG stock can currently be purchased for approximately $37.17.
How big of a company is Seritage Growth Properties?
Seritage Growth Properties has a market capitalization of $1.41 billion and generates $241.02 million in revenue each year. Seritage Growth Properties employs 56 workers across the globe.
What is Seritage Growth Properties' official website?
How can I contact Seritage Growth Properties?
Seritage Growth Properties' mailing address is 500 FIFTH AVENUE SUITE 1530, NEW YORK NY, 10110. The financial services provider can be reached via phone at 212-355-7800 or via email at [email protected]
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 SRG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SRG will underperform the S&P 500 over the long term. You may vote once every thirty days.
