Seritage Growth Properties (NYSE:SRG) Rating Increased to Sell at StockNews.com

Seritage Growth Properties (NYSE:SRG) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a note issued to investors on Thursday.

Seritage Growth Properties Trading Up 0.5 %

Shares of SRG stock opened at $4.25 on Thursday. The company has a current ratio of 7.95, a quick ratio of 7.95 and a debt-to-equity ratio of 0.63. Seritage Growth Properties has a 12-month low of $3.63 and a 12-month high of $9.87. The stock has a market capitalization of $239.12 million, a P/E ratio of -2.03 and a beta of 2.57. The firm’s 50 day moving average is $4.48 and its 200 day moving average is $5.58.

Seritage Growth Properties (NYSE:SRG) last released its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $4.22 million during the quarter. Seritage Growth Properties had a negative return on equity of 5.89% and a negative net margin of 485.15%.

Institutional Trading of Seritage Growth Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of Seritage Growth Properties during the 3rd quarter worth $30,000. AQR Capital Management LLC purchased a new position in Seritage Growth Properties during the second quarter valued at $48,000. Susquehanna Fundamental Investments LLC bought a new stake in Seritage Growth Properties during the second quarter valued at about $63,000. Huber Capital Management LLC purchased a new stake in Seritage Growth Properties in the first quarter worth about $140,000. Finally, Sei Investments Co. raised its stake in shares of Seritage Growth Properties by 5.9% in the second quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider’s stock worth $225,000 after buying an additional 2,700 shares during the period. 78.93% of the stock is owned by hedge funds and other institutional investors.

Seritage Growth Properties Company Profile

Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold.