5,494 Shares in Seritage Growth Properties (NYSE:SRG) Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC acquired a new position in Seritage Growth Properties (NYSE:SRG – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,494 shares of the financial services provider’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Seritage Growth Properties in the third quarter worth about $116,000. Pecaut & CO. acquired a new position in shares of Seritage Growth Properties in the 3rd quarter valued at $2,319,000. Union Square Park Capital Management LLC acquired a new position in shares of Seritage Growth Properties in the 3rd quarter valued at $1,778,000. JBF Capital Inc. lifted its stake in shares of Seritage Growth Properties by 25.0% in the 4th quarter. JBF Capital Inc. now owns 50,000 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 10,000 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new position in shares of Seritage Growth Properties in the 3rd quarter valued at $115,000. 57.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Seritage Growth Properties to a “sell” rating in a research note on Friday, May 5th.

Seritage Growth Properties Stock Performance

Shares of NYSE SRG opened at $7.46 on Monday. The firm has a 50 day moving average price of $7.98 and a 200 day moving average price of $10.52. The company has a debt-to-equity ratio of 1.22, a quick ratio of 8.54 and a current ratio of 8.54. Seritage Growth Properties has a 52-week low of $4.90 and a 52-week high of $14.52.

Seritage Growth Properties (NYSE:SRG – Get Rating) last issued its quarterly earnings data on Tuesday, March 14th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter. The firm had revenue of $22.94 million during the quarter. Seritage Growth Properties had a negative net margin of 108.98% and a negative return on equity of 7.37%.

Seritage Growth Properties Company Profile

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Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.