Seritage Growth Properties Stock Down 1.8 %
SRG stock opened at $8.94 on Monday. The stock’s fifty day simple moving average is $7.70 and its two-hundred day simple moving average is $8.10. The company has a current ratio of 5.86, a quick ratio of 5.86 and a debt-to-equity ratio of 0.71. Seritage Growth Properties has a 1-year low of $7.07 and a 1-year high of $12.79. The stock has a market cap of $502.25 million, a P/E ratio of -6.98 and a beta of 2.61.
Seritage Growth Properties (NYSE:SRG – Get Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported ($0.04) earnings per share for the quarter. Seritage Growth Properties had a positive return on equity of 6.13% and a negative net margin of 191.41%. The business had revenue of $5.05 million during the quarter.
Institutional Trading of Seritage Growth Properties
A number of hedge funds and other institutional investors have recently made changes to their positions in SRG. Tower Research Capital LLC TRC bought a new stake in shares of Seritage Growth Properties during the 1st quarter valued at $56,000. Ensign Peak Advisors Inc bought a new stake in shares of Seritage Growth Properties during the 3rd quarter valued at $60,000. Barclays PLC bought a new stake in shares of Seritage Growth Properties during the 2nd quarter valued at $63,000. Point72 Hong Kong Ltd bought a new stake in shares of Seritage Growth Properties during the 2nd quarter valued at $68,000. Finally, Fiduciary Alliance LLC bought a new stake in shares of Seritage Growth Properties during the 2nd quarter valued at $79,000. 41.96% of the stock is currently owned by institutional investors.
Seritage Growth Properties Company Profile
Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of June 30, 2023, the Company's portfolio consisted of interests in 50 properties comprised of approximately 6.8 million square feet of gross leasable area (GLA) or build-to-suit leased area, approximately 157 acres held for or under development and approximately 3.6 million square feet or approximately 303 acres to be disposed of.
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