Dimensional Fund Advisors LP Sells 3,380 Shares of Seritage Growth Properties (NYSE:SRG)

Dimensional Fund Advisors LP lessened its stake in Seritage Growth Properties (NYSE:SRG) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,077 shares of the financial services provider’s stock after selling 3,380 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Seritage Growth Properties worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRG. Vanguard Group Inc. increased its holdings in shares of Seritage Growth Properties by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,571,109 shares of the financial services provider’s stock worth $34,461,000 after purchasing an additional 22,441 shares during the period. American Century Companies Inc. increased its stake in Seritage Growth Properties by 11.5% in the second quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 5,519 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Seritage Growth Properties by 1.2% in the first quarter. Gamco Investors INC. ET AL now owns 258,623 shares of the financial services provider’s stock valued at $2,496,000 after acquiring an additional 3,050 shares during the last quarter. Gabelli Funds LLC increased its stake in Seritage Growth Properties by 6.1% in the first quarter. Gabelli Funds LLC now owns 799,644 shares of the financial services provider’s stock valued at $7,717,000 after acquiring an additional 45,708 shares during the last quarter. Finally, Fifth Lane Capital LP increased its stake in Seritage Growth Properties by 23.7% in the first quarter. Fifth Lane Capital LP now owns 81,112 shares of the financial services provider’s stock valued at $783,000 after acquiring an additional 15,517 shares during the last quarter. Institutional investors own 78.93% of the company’s stock.

Seritage Growth Properties Stock Up 2.0 %

SRG opened at $4.43 on Tuesday. The stock has a market cap of $248.99 million, a PE ratio of -2.03 and a beta of 2.57. The company has a quick ratio of 7.95, a current ratio of 7.95 and a debt-to-equity ratio of 0.63. Seritage Growth Properties has a 52 week low of $3.63 and a 52 week high of $9.87. The business’s fifty day simple moving average is $4.48 and its 200 day simple moving average is $5.85.

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

Seritage Growth Properties Company Profile

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area ("GLA") or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of.