Great West Life Assurance Co. Can increased its holdings in shares of Seritage Growth Properties (NYSE:SRG) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 22,332 shares of the financial services provider’s stock after purchasing an additional 321 shares during the period. Great West Life Assurance Co. Can’s holdings in Seritage Growth Properties were worth $992,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Knightsbridge Asset Management LLC raised its holdings in Seritage Growth Properties by 65.7% in the 4th quarter. Knightsbridge Asset Management LLC now owns 209,982 shares of the financial services provider’s stock valued at $6,789,000 after acquiring an additional 83,289 shares in the last quarter. Zeke Capital Advisors LLC raised its holdings in Seritage Growth Properties by 43.2% in the 1st quarter. Zeke Capital Advisors LLC now owns 121,766 shares of the financial services provider’s stock valued at $5,411,000 after acquiring an additional 36,715 shares in the last quarter. BlackRock Inc. raised its holdings in Seritage Growth Properties by 3.1% in the 4th quarter. BlackRock Inc. now owns 2,889,695 shares of the financial services provider’s stock valued at $93,425,000 after acquiring an additional 87,046 shares in the last quarter. Oldfield Partners LLP acquired a new position in Seritage Growth Properties in the 4th quarter valued at approximately $1,739,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Seritage Growth Properties by 13.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,321 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 650 shares in the last quarter.
Separately, ValuEngine cut Seritage Growth Properties from a “buy” rating to a “hold” rating in a report on Friday, June 7th.
Seritage Growth Properties stock opened at $42.55 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 7.62 and a current ratio of 7.62. Seritage Growth Properties has a 12 month low of $30.60 and a 12 month high of $51.89.
Seritage Growth Properties (NYSE:SRG) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.23) EPS for the quarter. The firm had revenue of $43.86 million during the quarter. Seritage Growth Properties had a negative net margin of 44.31% and a negative return on equity of 7.53%.
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Seritage Growth Properties Profile
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.
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