Seritage Growth Properties (NYSE:SRG) Shares Pass Above Fifty Day Moving Average of $8.54

Seritage Growth Properties (NYSE:SRG – Get Rating) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.54 and traded as high as $11.96. Seritage Growth Properties shares last traded at $11.86, with a volume of 390,875 shares.

Seritage Growth Properties Trading Up 2.2 %

The stock has a fifty day moving average of $8.54 and a 200 day moving average of $9.81. The company has a debt-to-equity ratio of 1.88, a quick ratio of 5.70 and a current ratio of 5.70. The company has a market capitalization of $517.48 million, a PE ratio of -6.55 and a beta of 2.84.

Seritage Growth Properties (NYSE:SRG – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The financial services provider reported ($1.22) EPS for the quarter. Seritage Growth Properties had a negative return on equity of 9.23% and a negative net margin of 62.45%. The business had revenue of $30.91 million during the quarter.

Institutional Trading of Seritage Growth Properties

Large investors have recently added to or reduced their stakes in the company. Waterfront Wealth Inc. increased its stake in Seritage Growth Properties by 10.1% in the 4th quarter. Waterfront Wealth Inc. now owns 47,222 shares of the financial services provider’s stock worth $627,000 after acquiring an additional 4,350 shares during the last quarter. Banque Pictet & Cie SA increased its stake in Seritage Growth Properties by 296.7% in the 4th quarter. Banque Pictet & Cie SA now owns 134,081 shares of the financial services provider’s stock worth $1,779,000 after acquiring an additional 100,283 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Seritage Growth Properties by 58.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,505 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 7,540 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Seritage Growth Properties by 40.4% during the 4th quarter. BNP Paribas Arbitrage SA now owns 13,424 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 3,860 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Seritage Growth Properties by 134.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 41,200 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 23,600 shares during the last quarter. Institutional investors own 67.69% of the company’s stock.

Seritage Growth Properties Company Profile

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Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 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.

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