Ruffer LLP lowered its position in shares of Seritage Growth Properties (NYSE:SRG) by 76.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,325 shares of the financial services provider’s stock after selling 17,000 shares during the period. Ruffer LLP’s holdings in Seritage Growth Properties were worth $226,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SRG. ProShare Advisors LLC purchased a new stake in shares of Seritage Growth Properties during the first quarter valued at approximately $124,000. Dynamic Technology Lab Private Ltd bought a new position in Seritage Growth Properties during the fourth quarter valued at about $253,000. Gabelli Funds LLC boosted its position in Seritage Growth Properties by 9.1% in the fourth quarter. Gabelli Funds LLC now owns 6,000 shares of the financial services provider’s stock valued at $256,000 after buying an additional 500 shares in the last quarter. First Trust Advisors LP boosted its position in Seritage Growth Properties by 2.6% in the first quarter. First Trust Advisors LP now owns 8,246 shares of the financial services provider’s stock valued at $356,000 after buying an additional 212 shares during the last quarter. Finally, Pacad Investment Ltd. boosted its position in Seritage Growth Properties by 1,620.0% in the fourth quarter. Pacad Investment Ltd. now owns 8,600 shares of the financial services provider’s stock valued at $367,000 after buying an additional 8,100 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

Shares of Seritage Growth Properties (NYSE SRG) traded down 0.2811% on Wednesday, hitting $41.2537. 21,254 shares of the stock were exchanged. The firm’s market capitalization is $1.40 billion. The company has a 50-day moving average price of $40.52 and a 200-day moving average price of $42.87. Seritage Growth Properties has a one year low of $38.49 and a one year high of $51.99.

Seritage Growth Properties (NYSE:SRG) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.13. Seritage Growth Properties had a negative return on equity of 4.36% and a negative net margin of 25.12%. The firm had revenue of $65.40 million during the quarter, compared to analysts’ expectations of $67.42 million. Equities research analysts expect that Seritage Growth Properties will post $2.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, June 28th. Seritage Growth Properties’s payout ratio is -50.76%.

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Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Seritage Growth Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Seritage Growth Properties in a research note on Friday, May 5th.

In related news, major shareholder Bruce R. Berkowitz bought 20,900 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were acquired at an average cost of $41.50 per share, with a total value of $867,350.00. Following the completion of the purchase, the insider now directly owns 35,850 shares of the company’s stock, valued at approximately $1,487,775. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bruce R. Berkowitz bought 18,200 shares of the stock in a transaction that occurred on Thursday, April 6th. The stock was bought at an average cost of $42.00 per share, for a total transaction of $764,400.00. Following the completion of the purchase, the insider now directly owns 35,850 shares of the company’s stock, valued at $1,505,700. The disclosure for this purchase can be found here. Over the last three months, insiders bought 429,800 shares of company stock worth $17,324,121. Insiders own 9.78% of the company’s stock.

Seritage Growth Properties Company Profile

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

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