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:
- Industry: Commercial REITs
- Sub-Industry: N/A
- Sector: Finance
- Symbol: NYSE:SRG
- CUSIP: N/A
- Web: www.seritage.com
- Debt-to-Equity Ratio: 0.96%
- Current Ratio: 4.22%
- Quick Ratio: 4.22%
Sales & Book Value:
- Trailing P/E Ratio: 22.82
- Forward P/E Ratio: 20.34
- Annual Sales: $248.67 million
- Price / Sales: 5.82
- Cash Flow: $5.02 per share
- Price / Cash: 8.15
- Book Value: $55.15 per share
- Price / Book: 0.74
- Annual Dividend: $1.00
- Dividend Yield: 2.4%
- Trailing EPS: ($1.39)
- Net Income: $-51,550,000.00
- Net Margins: -17.97%
- Return on Equity: -3.33%
- Return on Assets: -1.67%
- Employees: 38
- Outstanding Shares: 35,390,000
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, October 25th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.25 per share on Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, December 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?
2 equities research analysts have issued 12 month target prices for Seritage Growth Properties' stock. Their forecasts range from $38.00 to $48.00. On average, they anticipate Seritage Growth Properties' stock price to reach $43.00 in the next twelve months. 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. " (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 NRF Holdco LLC (NRF), Shaftesbury PLC (SHB), Intu Properties PLC (INTU), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), Select Income REIT (SIR), American Assets Trust (AAT), Government Properties Income Trust (GOV), Workspace Group plc (WKP), Global Net Lease (GNL), Hannon Armstrong Sustainable Infrastructure Capital (HASI), Monmouth Real Estate Investment Corporation (MNR), Londonmetric Property PLC (LMP), New York REIT (NYRT), Inland Real Estate (IRC), Excel Trust (EXL) and NewRiver REIT plc (NRR).
Who are Seritage Growth Properties' key executives?
Seritage Growth Properties' management team includes the folowing people:
- Benjamin Schall, President, Chief Executive Officer, Trustee (Age 41)
- Brian R. Dickman, Chief Financial Officer, Executive Vice President (Age 41)
- Matthew E. Fernand, Executive Vice President, General Counsel, Secretary (Age 40)
- James Edwin Bry, Executive Vice President - Development and Construction (Age 49)
- Mary Rottler, Executive Vice President - Leasing and Operations (Age 40)
- David Seth Fawer, Independent Trustee (Age 48)
- Edward S. Lampert, Independent Trustee (Age 54)
- Kenneth T. Lombard, Independent Trustee (Age 62)
- John T. McClain, Independent Trustee (Age 56)
- Thomas M. Steinberg, Independent Trustee (Age 60)
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 Fairholme Capital Management LLC (10.64%), Hotchkis & Wiley Capital Management LLC (8.32%), Eagle Asset Management Inc. (4.09%), TCW Group Inc. (1.71%), XL Group Investments Ltd (1.71%) and Keeley Teton Advisors LLC (0.78%). Company insiders that own Seritage Growth Properties stock include Bruce R Berkowitz, Edward S Lampert, John Mcclain, Marc Filion, Renã© Lessard and Salle Benoit La. 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 JPMorgan Chase & Co., XL Group Investments Ltd, Keeley Teton Advisors LLC, Fairholme Capital Management LLC, Boston Partners, Macquarie Group Ltd., California State Teachers Retirement System and Micawber Capital LLC. 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 Hotchkis & Wiley Capital Management LLC, Eagle Asset Management Inc., TCW Group Inc., Virginia Retirement Systems ET AL, Thornburg Investment Management Inc., Schwab Charles Investment Management Inc., OxFORD Asset Management LLP and Alpha Windward LLC. Company insiders that have bought Seritage Growth Properties stock in the last two years include Bruce R Berkowitz, John Mcclain, Marc Filion, Renã© Lessard and Salle Benoit La. 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 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 Seritage Growth Properties stock can currently be purchased for approximately $40.88.
How big of a company is Seritage Growth Properties?
Seritage Growth Properties has a market capitalization of $1.45 billion and generates $248.67 million in revenue each year. The financial services provider earns $-51,550,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis. Seritage Growth Properties employs 38 workers across the globe.
How can I contact Seritage Growth Properties?
Seritage Growth Properties' mailing address is 489 FIFTH AVE 18TH FLOOR, NEW YORK NY, 10017. 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 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.
Analysts' Consensus Rating for Seritage Growth Properties (NYSE:SRG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 1.50)|
|Consensus Price Target: ||$43.00 (5.19% upside)|
Consensus Price Target History for Seritage Growth Properties (NYSE:SRG)
Analysts' Ratings History for Seritage Growth Properties (NYSE:SRG)
(Data available from 11/21/2015 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 and Estimates Chart 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|
|2/27/2018|| || || || || || || || |
|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)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-71.94% (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%
Institutional Ownership Percentage: 71.60%
Insider Trades by Quarter for Seritage Growth Properties (NYSE SRG)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/15/2017||Bruce R Berkowitz||Major Shareholder||Sell||120,900||$40.18||$4,857,762.00|| |
|11/13/2017||Bruce R Berkowitz||Major Shareholder||Sell||27,100||$40.93||$1,109,203.00|| |
|11/8/2017||John Mcclain||Director||Buy||350||$40.19||$14,066.50|| |
|11/7/2017||Salle Benoit La||Director||Buy||62,700||$1.60||$100,320.00|
|11/3/2017||Salle Benoit La||Director||Buy||23,400||$1.60||$37,440.00|
|10/31/2017||Salle Benoit La||Director||Buy||24,300||$1.45||$35,235.00|
|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|| |
Latest Headlines for Seritage Growth Properties (NYSE SRG)
Seritage Growth Properties (NYSE SRG) Chart for Tuesday, November, 21, 2017