Asset Management One Co. Ltd. lifted its holdings in shares of Seritage Growth Properties (NYSE:SRG) by 7.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 51,739 shares of the financial services provider’s stock after acquiring an additional 3,511 shares during the period. Asset Management One Co. Ltd. owned approximately 0.15% of Seritage Growth Properties worth $2,397,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Seritage Growth Properties during the second quarter worth about $117,000. Schroder Investment Management Group purchased a new stake in shares of Seritage Growth Properties during the third quarter worth about $152,000. CIBC World Markets Inc. purchased a new stake in shares of Seritage Growth Properties during the second quarter worth about $326,000. Blair William & Co. IL purchased a new stake in shares of Seritage Growth Properties during the second quarter worth about $346,000. Finally, Haverford Financial Services Inc. purchased a new stake in shares of Seritage Growth Properties during the third quarter worth about $434,000. Institutional investors and hedge funds own 78.00% of the company’s stock.

Shares of Seritage Growth Properties (SRG) opened at $39.86 on Thursday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.96. Seritage Growth Properties has a twelve month low of $38.49 and a twelve month high of $50.00. The company has a market capitalization of $1,411.90, a PE ratio of 22.17 and a beta of 1.03.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, December 28th. Seritage Growth Properties’s dividend payout ratio (DPR) is -71.94%.

In related news, major shareholder Bruce R. Berkowitz sold 60,000 shares of Seritage Growth Properties stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.35, for a total transaction of $2,421,000.00. Following the completion of the sale, the insider now owns 528,498 shares of the company’s stock, valued at $21,324,894.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bruce R. Berkowitz sold 772,200 shares of Seritage Growth Properties stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $40.71, for a total value of $31,436,262.00. Following the sale, the insider now directly owns 528,498 shares of the company’s stock, valued at approximately $21,515,153.58. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 110,750 shares of company stock valued at $187,062 and have sold 1,105,700 shares valued at $44,883,455. Insiders own 9.78% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Seritage Growth Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Boenning Scattergood set a $38.00 price target on Seritage Growth Properties and gave the stock a “sell” rating in a research note on Tuesday, October 17th.

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Seritage Growth Properties 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.

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

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