Seritage Growth Properties (NYSE:SRG) major shareholder Bruce R. Berkowitz sold 27,100 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $40.93, for a total value of $1,109,203.00. Following the transaction, the insider now directly owns 583,498 shares of the company’s stock, valued at $23,882,573.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Seritage Growth Properties (NYSE:SRG) opened at $40.30 on Thursday. Seritage Growth Properties has a 52-week low of $38.49 and a 52-week high of $50.00. The stock has a market capitalization of $1,425.35, a P/E ratio of 22.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.22 and a quick ratio of 4.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.48%. Seritage Growth Properties’s payout ratio is -71.94%.

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A number of analysts have recently issued reports on the company. BidaskClub raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Boenning Scattergood set a $38.00 price objective on Seritage Growth Properties and gave the company a “sell” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised Seritage Growth Properties from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Saturday, August 12th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Seritage Growth Properties by 3,339.8% during the first quarter. BlackRock Inc. now owns 2,488,552 shares of the financial services provider’s stock worth $107,381,000 after purchasing an additional 2,416,207 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Seritage Growth Properties by 27.9% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 2,476,490 shares of the financial services provider’s stock worth $103,889,000 after purchasing an additional 539,848 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Seritage Growth Properties by 38.0% during the second quarter. Eagle Asset Management Inc. now owns 1,331,200 shares of the financial services provider’s stock worth $55,843,000 after purchasing an additional 366,325 shares during the period. FMR LLC increased its stake in shares of Seritage Growth Properties by 6,962.9% during the second quarter. FMR LLC now owns 353,568 shares of the financial services provider’s stock worth $14,833,000 after purchasing an additional 348,562 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Seritage Growth Properties by 20.9% during the second quarter. The Manufacturers Life Insurance Company now owns 933,958 shares of the financial services provider’s stock worth $39,179,000 after purchasing an additional 161,295 shares during the period. 74.98% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Seritage Growth Properties (NYSE:SRG)

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