Seritage Growth Properties (NYSE:SRG) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Seritage Growth Properties (NYSE:SRG) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings raised Seritage Growth Properties from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Seritage Growth Properties Stock Performance

Shares of NYSE SRG opened at $2.41 on Friday. The company has a quick ratio of 16.70, a current ratio of 16.70 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $2.69 and its two-hundred day moving average is $3.20. The company has a market cap of $135.47 million, a P/E ratio of -1.67 and a beta of 2.24. Seritage Growth Properties has a 12 month low of $2.38 and a 12 month high of $4.56.

Seritage Growth Properties (NYSE:SRG) last issued its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.56) EPS for the quarter. The business had revenue of $2.05 million during the quarter. Seritage Growth Properties had a negative return on equity of 19.39% and a negative net margin of 374.73%.

Institutional Trading of Seritage Growth Properties

Several institutional investors have recently modified their holdings of the company. Gabelli Funds LLC grew its holdings in shares of Seritage Growth Properties by 0.5% during the 4th quarter. Gabelli Funds LLC now owns 782,397 shares of the financial services provider’s stock worth $2,543,000 after purchasing an additional 4,050 shares in the last quarter. Barclays PLC boosted its stake in Seritage Growth Properties by 307.7% in the 4th quarter. Barclays PLC now owns 7,575 shares of the financial services provider’s stock valued at $25,000 after buying an additional 5,717 shares in the last quarter. Ancora Advisors LLC boosted its stake in Seritage Growth Properties by 5.3% in the 3rd quarter. Ancora Advisors LLC now owns 143,965 shares of the financial services provider’s stock valued at $612,000 after buying an additional 7,263 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Seritage Growth Properties by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,618 shares of the financial services provider’s stock valued at $132,000 after buying an additional 7,271 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in Seritage Growth Properties by 2.5% in the 4th quarter. Boothbay Fund Management LLC now owns 320,014 shares of the financial services provider’s stock valued at $1,040,000 after buying an additional 7,903 shares in the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

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.