Seritage Growth Properties (NYSE:SRG) will be releasing its earnings data before the market opens on Tuesday, November 15th.

Shares of Seritage Growth Properties (NYSE:SRG) opened at 46.52 on Friday. Seritage Growth Properties has a 52 week low of $33.34 and a 52 week high of $57.31. The company has a 50-day moving average of $47.39 and a 200-day moving average of $48.22. The firm’s market capitalization is $1.47 billion.

SRG has been the subject of several recent research reports. Royal Bank Of Canada initiated coverage on Seritage Growth Properties in a research note on Tuesday, September 6th. They issued a “top pick” rating and a $72.00 price target for the company. Zacks Investment Research cut Seritage Growth Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. RBC Capital Markets initiated coverage on Seritage Growth Properties in a research note on Tuesday, September 6th. They issued a “top pick” rating and a $72.00 price target for the company. Wells Fargo & Co. initiated coverage on Seritage Growth Properties in a research note on Tuesday, October 25th. They issued an “outperform” rating for the company. Finally, Boenning Scattergood reissued an “underperform” rating on shares of Seritage Growth Properties in a research note on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.75.

In related news, major shareholder Bruce R. Berkowitz bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was purchased at an average price of $46.65 per share, with a total value of $466,500.00. Following the completion of the transaction, the insider now directly owns 35,850 shares of the company’s stock, valued at $1,672,402.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Bruce R. Berkowitz bought 24,700 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were bought at an average cost of $45.15 per share, with a total value of $1,115,205.00. Following the transaction, the insider now directly owns 35,850 shares of the company’s stock, valued at $1,618,627.50. The disclosure for this purchase can be found here. Company insiders own 10.18% of the company’s stock.

A number of large investors have recently made changes to their positions in SRG. BlackRock Advisors LLC boosted its stake in shares of Seritage Growth Properties by 24.8% in the third quarter. BlackRock Advisors LLC now owns 13,023 shares of the company’s stock worth $660,000 after buying an additional 2,588 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Seritage Growth Properties during the third quarter worth about $210,000. California State Teachers Retirement System boosted its stake in shares of Seritage Growth Properties by 1.0% in the third quarter. California State Teachers Retirement System now owns 52,852 shares of the company’s stock worth $2,679,000 after buying an additional 500 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Seritage Growth Properties by 5.7% in the third quarter. Northern Trust Corp now owns 370,177 shares of the company’s stock worth $18,761,000 after buying an additional 19,834 shares during the last quarter. 76.94% of the stock is owned by hedge funds and other institutional investors.

About Seritage Growth Properties

Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, development, redevelopment, and management and leasing of diversified retail real estate across the United States. The Company’s assets are held by and its operations are primarily conducted through directly or indirectly, by Seritage Growth Properties, L.P.

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