Seritage Growth Properties Stock Performance
Seritage Growth Properties stock opened at $9.47 on Friday. Seritage Growth Properties has a 12-month low of $4.90 and a 12-month high of $17.12. The company has a market capitalization of $413.20 million, a price-to-earnings ratio of -3.59 and a beta of 2.78. The company has a debt-to-equity ratio of 2.30, a current ratio of 5.92 and a quick ratio of 5.92. The firm’s fifty day moving average price is $12.33 and its 200 day moving average price is $10.44.
Seritage Growth Properties (NYSE:SRG – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The financial services provider reported ($1.76) earnings per share (EPS) for the quarter. Seritage Growth Properties had a negative return on equity of 10.05% and a negative net margin of 93.58%. The firm had revenue of $29.70 million for the quarter.
Insiders Place Their Bets
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in Seritage Growth Properties during the 1st quarter worth $57,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Seritage Growth Properties in the 2nd quarter valued at about $61,000. Point72 Hong Kong Ltd acquired a new position in shares of Seritage Growth Properties in the 2nd quarter valued at about $68,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Seritage Growth Properties by 40.4% in the 4th quarter. BNP Paribas Arbitrage SA now owns 13,424 shares of the financial services provider’s stock valued at $178,000 after buying an additional 3,860 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Seritage Growth Properties by 162.8% in the 1st quarter. MetLife Investment Management LLC now owns 20,110 shares of the financial services provider’s stock valued at $255,000 after buying an additional 12,459 shares during the period. 67.69% of the stock is owned by institutional investors and hedge funds.
About Seritage Growth Properties
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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