Seritage Growth Properties (NYSE:SRG – Get Free Report) released its quarterly earnings data on Friday. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, Zacks reports. Seritage Growth Properties had a negative net margin of 487.58% and a negative return on equity of 23.03%. The firm had revenue of $1.87 million during the quarter.
Seritage Growth Properties Trading Up 0.7%
NYSE SRG opened at $2.29 on Friday. The firm has a market capitalization of $128.71 million, a PE ratio of -2.20 and a beta of 2.21. The business’s 50-day moving average price is $2.55 and its two-hundred day moving average price is $2.72. The company has a current ratio of 18.47, a quick ratio of 18.47 and a debt-to-equity ratio of 0.16. Seritage Growth Properties has a 12 month low of $2.25 and a 12 month high of $4.56.
Hedge Funds Weigh In On Seritage Growth Properties
A number of hedge funds and other institutional investors have recently made changes to their positions in SRG. Creek Drive Management Group LLC bought a new stake in shares of Seritage Growth Properties in the 4th quarter valued at $1,421,000. XTX Topco Ltd acquired a new stake in Seritage Growth Properties during the 4th quarter worth about $87,000. Boothbay Fund Management LLC grew its holdings in Seritage Growth Properties by 2.5% during the 4th quarter. Boothbay Fund Management LLC now owns 320,014 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 7,903 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Seritage Growth Properties in the 4th quarter worth about $118,000. Finally, Barclays PLC raised its position in shares of Seritage Growth Properties by 307.7% in the 4th quarter. Barclays PLC now owns 7,575 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 5,717 shares in the last quarter. 78.93% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
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Seritage Growth Properties Company Profile
Seritage Growth Properties is a publicly traded real estate investment trust (REIT) formed in 2015 as a spin-off from Sears Holdings. Headquartered in New York City, the company owns and operates a diversified portfolio of retail and mixed-use properties that were previously under the Sears and Kmart banners. Since its launch, Seritage has pursued a strategy of unlocking value through active asset management, redevelopment and strategic leasing.
The company’s core business activities include the acquisition and redevelopment of retail properties, negotiation of long-term lease agreements with national and regional tenants, and selective disposition of non-core assets.
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