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: Commercial REITs - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:SRG
  • CUSIP: N/A
  • Web: www.seritage.com
Capitalization:
  • Market Cap: $1.62 billion
  • Outstanding Shares: 33,946,000
Average Prices:
  • 50 Day Moving Avg: $42.45
  • 200 Day Moving Avg: $42.58
  • 52 Week Range: $38.49 - $51.88
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 21.93
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $254.63 million
  • Price / Sales: 6.37
  • Book Value: $24.91 per share
  • Price / Book: 1.92
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 2.1%
Profitability:
  • EBIDTA: $171.87 million
  • Net Margins: -25.12%
  • Return on Equity: -4.36%
  • Return on Assets: -2.31%
Debt:
  • Debt-to-Equity Ratio: 0.85%
  • Current Ratio: 3.71%
  • Quick Ratio: 3.71%
Misc:
  • Average Volume: 350,000 shs.
  • Beta: 1.13
  • 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 announced a quarterly dividend on Wednesday, April 26th. Stockholders 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 dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, June 28th. View Seritage Growth Properties' Dividend History.

How were Seritage Growth Properties' earnings last quarter?

Seritage Growth Properties (NYSE:SRG) released its quarterly earnings data on Thursday, May, 4th. The company reported $0.48 EPS for the quarter, missing the Zacks' consensus estimate of $0.61 by $0.13. The company had revenue of $65.40 million for the quarter, compared to analyst estimates of $67.42 million. Seritage Growth Properties had a negative return on equity of 4.36% and a negative net margin of 25.12%. 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 equities research analysts have issued 12-month price targets 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 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. " (7/12/2017)
  • 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?

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

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?

One share of Seritage Growth Properties stock can currently be purchased for approximately $47.81.


MarketBeat Community Rating for Seritage Growth Properties (NYSE SRG)
Community Ranking:  1.5 out of 5 ( )
Outperform Votes:  24 (Vote Outperform)
Underperform Votes:  54 (Vote Underperform)
Total Votes:  78
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.

Analyst Ratings

Consensus Ratings for Seritage Growth Properties (NYSE:SRG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $43.00 (10.06% downside)

Analysts' Ratings History for Seritage Growth Properties (NYSE:SRG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/17/2017Boenning ScattergoodSet Price TargetSell$38.00LowView Rating Details
5/15/2017Royal Bank Of CanadaReiterated RatingHold$48.00MediumView Rating Details
10/25/2016Wells Fargo & CompanyInitiated CoverageOutperformN/AView Rating Details
(Data available from 7/25/2015 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)
Most Recent Dividend:7/13/2017
Annual Dividend:$1.00
Dividend Yield:2.09%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-50.76% (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: 9.78%
Institutional Ownership Percentage: 86.38%
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
finance.yahoo.com logoSeritage Growth Properties Announces Second Quarter 2017 Earnings Release Date
finance.yahoo.com - July 20 at 8:06 AM
finance.yahoo.com logoInvestors Are Betting Big Against Seritage Growth Properties -- Here's Why They're Not Wrong
finance.yahoo.com - July 17 at 10:55 AM
americanbankingnews.com logoSeritage Growth Properties (SRG) Upgraded to Sell at BidaskClub
www.americanbankingnews.com - July 16 at 9:32 PM
americanbankingnews.com logoBrokerages Expect Seritage Growth Properties (NYSE:SRG) to Post $0.45 Earnings Per Share
www.americanbankingnews.com - July 14 at 2:50 PM
americanbankingnews.com logoSeritage Growth Properties (SRG) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 12 at 3:43 PM
seekingalpha.com logoCBL Vs. SERITAGE: Tears And Fears Of A Bankrupt Sears
seekingalpha.com - July 11 at 8:41 PM
finance.yahoo.com logo[$$] Scurria's Take: Seritage Anniversary Reflects Sears' Slow Burn
finance.yahoo.com - July 8 at 8:33 AM
finance.yahoo.com logoSears Grand store in Austin to slim down, make way for AMC movie theater
finance.yahoo.com - July 7 at 1:20 PM
finance.yahoo.com logoAMC Theatres® to Open a State-of-the-Art 10 Screen Movie Theatre at Tech Ridge in Austin, Texas
finance.yahoo.com - July 6 at 10:24 AM
americanbankingnews.com logoSeritage Growth Properties (SRG) Receives "Sell" Rating from Boenning Scattergood
www.americanbankingnews.com - June 27 at 9:14 AM
finance.yahoo.com logo[$$] Sears Holdings Shuttering 20 More Stores
finance.yahoo.com - June 25 at 6:37 AM
bizjournals.com logoSears exit from Colonie Center opens up valuable real estate
www.bizjournals.com - June 24 at 6:55 AM
americanbankingnews.com logoZacks: Seritage Growth Properties (SRG) Given Consensus Recommendation of "Sell" by Brokerages
www.americanbankingnews.com - June 22 at 7:00 PM
finance.yahoo.com logoSears is shuttering 20 more stores
finance.yahoo.com - June 22 at 6:47 PM
finance.yahoo.com logoSeritage Growth Properties breached its 50 day moving average in a Bearish Manner : SRG-US : June 22, 2017
finance.yahoo.com - June 22 at 1:45 PM
finance.yahoo.com logoThis Is Why You Shouldn't Have Gotten Excited By Sears Reporting a Profit
finance.yahoo.com - June 20 at 8:08 AM
finance.yahoo.com logoETFs with exposure to Seritage Growth Properties : June 15, 2017
finance.yahoo.com - June 15 at 4:22 PM
seekingalpha.com logoMy Interview With Fairholme's Bruce Berkowitz
seekingalpha.com - June 15 at 1:11 AM
finance.yahoo.com logoSeritage Growth Properties breached its 50 day moving average in a Bullish Manner : SRG-US : June 12, 2017
finance.yahoo.com - June 12 at 7:28 PM
finance.yahoo.com logo3 Quotes From Eddie Lampert That Show Sears Is Doomed
finance.yahoo.com - June 7 at 10:31 AM
seekingalpha.com logoTracking The Hotchkis & Wiley Value Opportunities Fund - Q1 2017 Update
seekingalpha.com - June 2 at 12:19 AM
nasdaq.com logoCommit To Purchase Seritage Growth Properties At $30, Earn 8% Using Options
www.nasdaq.com - June 1 at 1:08 AM
americanbankingnews.com logoSeritage Growth Properties (SRG) Receives "Hold" Rating from Royal Bank of Canada
www.americanbankingnews.com - May 28 at 11:58 PM
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

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Chart

Seritage Growth Properties (SRG) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff