Rhumbline Advisers lifted its position in shares of Seritage Growth Properties (NYSE:SRG) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,400 shares of the financial services provider’s stock after purchasing an additional 577 shares during the period. Rhumbline Advisers owned 0.09% of Seritage Growth Properties worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC purchased a new stake in Seritage Growth Properties in the first quarter worth about $124,000. FMR LLC purchased a new stake in Seritage Growth Properties in the first quarter worth about $216,000. First Trust Advisors LP lifted its holdings in 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 buying an additional 212 shares during the period. First Manhattan Co. lifted its holdings in 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 buying an additional 75 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in 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 buying an additional 786 shares during the period. Institutional investors own 91.44% of the company’s stock.

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Several analysts have commented on SRG shares. Zacks Investment Research upgraded shares of Seritage Growth Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Boenning Scattergood set a $38.00 price objective on shares of Seritage Growth Properties and gave the stock a “sell” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Seritage Growth Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Seritage Growth Properties currently has a consensus rating of “Hold” and a consensus target price of $46.33.

Shares of Seritage Growth Properties (NYSE SRG) opened at 45.43 on Friday. Seritage Growth Properties has a one year low of $39.60 and a one year high of $51.88. The firm has a 50-day moving average of $46.45 and a 200 day moving average of $46.45. The stock’s market capitalization is $1.54 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a $0.25 dividend. The ex-dividend date 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 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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