StockNews.com upgraded shares of Seritage Growth Properties (NYSE:SRG – Free Report) 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 – Get Free Report) 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
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.
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