Seritage Growth Properties (NYSE:SRG) has earned an average broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating. Seritage Growth Properties’ rating score has declined by 25% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus price target of $38.00 for the company and are anticipating that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also given Seritage Growth Properties an industry rank of 210 out of 265 based on the ratings given to its competitors.

SRG has been the topic of several analyst reports. Zacks Investment Research cut Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 23rd. Boenning Scattergood set a $38.00 price objective on Seritage Growth Properties and gave the company a “sell” rating in a research report on Tuesday, November 21st.

In other news, Director Salle Benoit La purchased 24,300 shares of the stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average cost of $1.45 per share, with a total value of $35,235.00. Also, major shareholder Bruce R. Berkowitz sold 27,100 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $40.93, for a total value of $1,109,203.00. Following the transaction, the insider now directly owns 583,498 shares in the company, valued at $23,882,573.14. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 110,750 shares of company stock worth $187,062 and sold 1,105,700 shares worth $44,883,455. Corporate insiders own 9.78% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alpha Windward LLC bought a new position in shares of Seritage Growth Properties during the 3rd quarter valued at $459,000. Fairholme Capital Management LLC lifted its holdings in shares of Seritage Growth Properties by 3.8% during the 2nd quarter. Fairholme Capital Management LLC now owns 3,807,150 shares of the financial services provider’s stock valued at $159,710,000 after buying an additional 140,200 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Seritage Growth Properties by 4.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,393,206 shares of the financial services provider’s stock valued at $62,958,000 after buying an additional 62,006 shares during the period. TCW Group Inc. lifted its holdings in shares of Seritage Growth Properties by 9.8% during the 3rd quarter. TCW Group Inc. now owns 583,351 shares of the financial services provider’s stock valued at $26,875,000 after buying an additional 52,206 shares during the period. Finally, AXA lifted its holdings in shares of Seritage Growth Properties by 40.9% during the 2nd quarter. AXA now owns 31,000 shares of the financial services provider’s stock valued at $1,300,000 after buying an additional 9,000 shares during the period. 78.00% of the stock is currently owned by hedge funds and other institutional investors.

Seritage Growth Properties (NYSE SRG) traded up $0.08 during mid-day trading on Friday, reaching $40.45. The company had a trading volume of 168,646 shares, compared to its average volume of 331,554. The company has a market cap of $1,430.00 and a PE ratio of -29.10. Seritage Growth Properties has a fifty-two week low of $38.49 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.22 and a quick ratio of 4.22.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were given a $0.25 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.00 annualized dividend and a yield of 2.47%. Seritage Growth Properties’s dividend payout ratio (DPR) is presently -71.94%.

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About Seritage Growth Properties

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.

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