Axa lifted its holdings in Seritage Growth Properties (NYSE:SRG) by 40.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,000 shares of the financial services provider’s stock after acquiring an additional 9,000 shares during the quarter. Axa owned 0.09% of Seritage Growth Properties worth $1,300,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. First Manhattan Co. increased its stake in shares of Seritage Growth Properties by 0.5% in the second quarter. First Manhattan Co. now owns 14,125 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 75 shares during the period. First Trust Advisors LP increased its stake in shares of Seritage Growth Properties by 2.6% in the first quarter. First Trust Advisors LP now owns 8,246 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 212 shares during the period. Rhumbline Advisers increased its stake in shares of Seritage Growth Properties by 1.9% in the second quarter. Rhumbline Advisers now owns 31,400 shares of the financial services provider’s stock worth $1,317,000 after acquiring an additional 577 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Seritage Growth Properties by 5.8% in the first quarter. Great West Life Assurance Co. Can now owns 14,402 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 786 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Seritage Growth Properties by 1.5% in the second quarter. Legal & General Group Plc now owns 61,793 shares of the financial services provider’s stock worth $2,592,000 after acquiring an additional 937 shares during the period. Hedge funds and other institutional investors own 91.44% of the company’s stock.

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A number of research firms have recently weighed in on SRG. Boenning Scattergood reiterated a “sell” rating and issued a $38.00 price objective on shares of Seritage Growth Properties in a research note on Tuesday, June 27th. BidaskClub lowered shares of Seritage Growth Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Seritage Growth Properties from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Seritage Growth Properties has a consensus rating of “Hold” and an average target price of $46.33.

Shares of Seritage Growth Properties (SRG) opened at 45.43 on Friday. The firm’s market cap is $1.54 billion. The company’s 50-day moving average is $46.45 and its 200 day moving average is $46.45. Seritage Growth Properties has a 52-week low of $39.60 and a 52-week high of $51.88.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.00 annualized dividend and a yield of 2.20%. Seritage Growth Properties’s dividend payout ratio (DPR) is -42.19%.

Seritage Growth Properties Company Profile

Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust. The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. Its assets are held by and its operations are primarily conducted through, directly or indirectly, Seritage Growth Properties, L.P.

Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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