Seritage Growth Properties (NYSE:SRG) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of Seritage Growth Properties (NYSE:SRG) to a sell rating in a report published on Thursday.

Seritage Growth Properties Trading Up 0.5 %

NYSE:SRG opened at $4.25 on Thursday. The company has a market capitalization of $239.12 million, a P/E ratio of -2.03 and a beta of 2.57. The stock’s 50 day moving average price is $4.48 and its 200 day moving average price is $5.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 7.95 and a current ratio of 7.95. Seritage Growth Properties has a 52 week low of $3.63 and a 52 week high of $9.87.

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 for the quarter. The business had revenue of $4.22 million for the quarter. Seritage Growth Properties had a negative net margin of 485.15% and a negative return on equity of 5.89%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new stake in Seritage Growth Properties in the 3rd quarter worth approximately $30,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seritage Growth Properties in the second quarter worth $63,000. AQR Capital Management LLC bought a new stake in shares of Seritage Growth Properties during the 2nd quarter worth $48,000. Sei Investments Co. grew its stake in Seritage Growth Properties by 5.9% in the 2nd quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider’s stock valued at $225,000 after buying an additional 2,700 shares during the last quarter. Finally, JBF Capital Inc. raised its holdings in Seritage Growth Properties by 20.0% in the 2nd quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 78.93% of the company’s stock.

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.