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NYSE:SRGSeritage Growth Properties Stock Price, Forecast & News

$7.87
-0.74 (-8.59 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$7.67
Now: $7.87
$8.36
50-Day Range
$6.67
MA: $8.85
$11.67
52-Week Range
$5.00
Now: $7.87
$45.70
Volume1.04 million shs
Average Volume1.46 million shs
Market Capitalization$300.16 million
P/E RatioN/A
Dividend YieldN/A
Beta1.96
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 206 wholly-owned properties and 26 joint venture properties totaling approximately 36.3 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.33 out of 5 stars


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$168.63 million
Cash Flow$1.18 per share
Book Value$27.36 per share

Profitability

Net Income$-59,400,000.00

Miscellaneous

Employees69
Market Cap$300.16 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Seritage Growth Properties (NYSE:SRG) Frequently Asked Questions

How has Seritage Growth Properties' stock been impacted by COVID-19 (Coronavirus)?

Seritage Growth Properties' stock was trading at $25.57 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SRG shares have decreased by 69.2% and is now trading at $7.87. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Seritage Growth Properties?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seritage Growth Properties in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Seritage Growth Properties.

When is Seritage Growth Properties' next earnings date?

Seritage Growth Properties is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Seritage Growth Properties.

How were Seritage Growth Properties' earnings last quarter?

Seritage Growth Properties (NYSE:SRG) announced its quarterly earnings results on Thursday, May, 7th. The financial services provider reported ($0.59) earnings per share for the quarter. The financial services provider earned $33.32 million during the quarter. Seritage Growth Properties had a negative return on equity of 6.91% and a negative net margin of 46.24%. View Seritage Growth Properties' earnings history.

What price target have analysts set for SRG?

1 Wall Street analysts have issued twelve-month price objectives for Seritage Growth Properties' shares. Their forecasts range from $16.00 to $16.00. On average, they expect Seritage Growth Properties' stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 103.3% from the stock's current price. View analysts' price targets for Seritage Growth Properties.

Has Seritage Growth Properties been receiving favorable news coverage?

Press coverage about SRG stock has trended negative on Monday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Seritage Growth Properties earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutSeritage Growth Properties.

Are investors shorting Seritage Growth Properties?

Seritage Growth Properties saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 13,320,000 shares, an increase of 18.8% from the April 30th total of 11,210,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 10.2 days. Currently, 38.9% of the shares of the company are sold short. View Seritage Growth Properties' Current Options Chain.

Who are some of Seritage Growth Properties' key competitors?

What other stocks do shareholders of Seritage Growth Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Seritage Growth Properties investors own include Walt Disney (DIS), Coca-Cola (KO), Starbucks (SBUX), Skyworks Solutions (SWKS), Twilio (TWLO), Walmart (WMT), Zscaler (ZS), American Tower (AMT), Gilead Sciences (GILD) and Honda Motor (HMC).

Who are Seritage Growth Properties' key executives?

Seritage Growth Properties' management team includes the following 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)

What is Seritage Growth Properties' stock symbol?

Seritage Growth Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRG."

Who are Seritage Growth Properties' major shareholders?

Seritage Growth Properties' stock is owned by many different retail and institutional investors. Top institutional investors include EdgePoint Investment Group Inc. (11.14%), BlackRock Inc. (8.09%), BloombergSen Inc. (7.26%), State Street Corp (4.14%), Geode Capital Management LLC (1.59%) and RBS Partners L.P. (1.56%). Company insiders that own Seritage Growth Properties stock include Edward S Lampert, James Edwin Bry, Macgeorge David 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 Eagle Asset Management Inc., EdgePoint Investment Group Inc., Bank of New York Mellon Corp, CDAM UK Ltd, Morgan Stanley, Morgan Stanley, BloombergSen Inc., and Parametric Portfolio Associates LLC. View insider buying and selling activity for Seritage Growth Properties.

Which institutional investors are buying Seritage Growth Properties stock?

SRG stock was bought by a variety of institutional investors in the last quarter, including RBS Partners L.P., Wells Fargo & Company MN, State Street Corp, TCW Group Inc., JPMorgan Chase & Co., Voloridge Investment Management LLC, Stolper Co, and Nisa Investment Advisors LLC. Company insiders that have bought Seritage Growth Properties stock in the last two years include Edward S Lampert, and Sharon Osberg. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Seritage Growth Properties' stock price today?

One share of SRG stock can currently be purchased for approximately $7.87.

How big of a company is Seritage Growth Properties?

Seritage Growth Properties has a market capitalization of $300.16 million and generates $168.63 million in revenue each year. Seritage Growth Properties employs 69 workers across the globe.

What is Seritage Growth Properties' official website?

The official website for Seritage Growth Properties is 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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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