NYSE:SRG - Seritage Growth Properties Stock Price, News, & Analysis

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$43.75 +0.87 (+2.03 %)
(As of 02/19/2019 06:18 AM ET)
Previous Close$42.88
Today's Range$42.93 - $44.13
52-Week Range$30.60 - $51.89
Volume194,680 shs
Average Volume378,409 shs
Market Capitalization$1.62 billion
P/E Ratio75.81
Dividend Yield2.33%
Beta1.65
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 211 wholly-owned properties and 26 joint venture properties totaling approximately 37.5 million square feet of space across 48 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.

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Industry, Sector and Symbol

Industry Real estate
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-355-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$241.02 million
Cash Flow$5.3879 per share
Book Value$35.80 per share

Profitability

Net Income$-73,750,000.00

Miscellaneous

Employees56
Market Cap$1.62 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. Investors of record on Monday, December 31st will be given a dividend of $0.25 per share on Thursday, January 10th. This represents a $1.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, December 28th. View Seritage Growth Properties' Dividend History.

How were Seritage Growth Properties' earnings last quarter?

Seritage Growth Properties (NYSE:SRG) announced its quarterly earnings results on Thursday, August, 2nd. The financial services provider reported $0.15 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.21. The financial services provider had revenue of $49.27 million for the quarter. Seritage Growth Properties had a negative return on equity of 4.76% and a negative net margin of 29.00%. The firm's quarterly revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. View Seritage Growth Properties' Earnings History.

When is Seritage Growth Properties' next earnings date?

Seritage Growth Properties is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Seritage Growth Properties.

What price target have analysts set for SRG?

2 analysts have issued 12 month price targets for Seritage Growth Properties' stock. Their forecasts range from $34.00 to $44.00. On average, they expect Seritage Growth Properties' share price to reach $39.00 in the next twelve months. This suggests that the stock has a possible downside of 10.9%. 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.

Has Seritage Growth Properties been receiving favorable news coverage?

News stories about SRG stock have trended somewhat positive recently, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Seritage Growth Properties earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the company's share price in the near future.

Who are some of Seritage Growth Properties' key competitors?

Who are Seritage Growth Properties' key executives?

Seritage Growth Properties' management team includes the folowing people:
  • Mr. Benjamin W. Schall, Pres, CEO & Trustee (Age 44)
  • Mr. Brian Robert Dickman, Exec. VP & CFO (Age 43)
  • Mr. Kenneth T. Lombard, Exec. VP & COO (Age 64)
  • Mr. Matthew E. Fernand, Exec. VP, Gen. Counsel & Sec. (Age 42)
  • Mr. James Edwin Bry, Exec. VP of Devel. & Construction (Age 51)

Who are Seritage Growth Properties' major shareholders?

Seritage Growth Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.81%), Eagle Asset Management Inc. (3.61%), Gates Capital Management Inc. (3.19%), Northern Trust Corp (1.35%), Geode Capital Management LLC (1.05%) and Knightsbridge Asset Management LLC (0.57%). Company insiders that own Seritage Growth Properties stock include Bruce R Berkowitz, Edward S Lampert, James Edwin Bry, John Mcclain, Kenneth T Lombard, Marc Filion, Renã© Lessard, Salle Benoit La and Sharon Osberg. View Institutional Ownership Trends for Seritage Growth Properties.

Which institutional investors are selling Seritage Growth Properties stock?

SRG stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Northern Trust Corp, Barclays PLC, Lee Danner & Bass Inc., Amundi Pioneer Asset Management Inc., MetLife Investment Advisors LLC, Roundview Capital LLC and New York State Common Retirement Fund. View Insider Buying and Selling for Seritage Growth Properties.

Which institutional investors are buying Seritage Growth Properties stock?

SRG stock was purchased by a variety of institutional investors in the last quarter, including Gates Capital Management Inc., Dimensional Fund Advisors LP, BlackRock Inc., Knightsbridge Asset Management LLC, Ingalls & Snyder LLC, Oldfield Partners LLP, Raymond James & Associates and Geode Capital Management LLC. 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 $43.75.

How big of a company is Seritage Growth Properties?

Seritage Growth Properties has a market capitalization of $1.62 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?

The official website for Seritage Growth Properties is http://www.seritage.com.

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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  158 (Vote Outperform)
Underperform Votes:  224 (Vote Underperform)
Total Votes:  382
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.
This page was last updated on 2/19/2019 by MarketBeat.com Staff

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