Seritage Growth Properties (NYSE:SRG) Stock Rating Upgraded by StockNews.com

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

Seritage Growth Properties Stock Up 0.5 %

Shares of Seritage Growth Properties stock opened at $4.25 on Thursday. 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 12-month low of $3.63 and a 12-month high of $9.87. The firm has a market capitalization of $239.12 million, a PE ratio of -2.03 and a beta of 2.57. The stock’s fifty day moving average is $4.48 and its 200-day moving average is $5.52.

Seritage Growth Properties (NYSE:SRG) last posted 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 return on equity of 5.89% and a negative net margin of 485.15%. The company had revenue of $4.22 million for the quarter.

Hedge Funds Weigh In On Seritage Growth Properties

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