Russell Investments Group Ltd. boosted its stake in Seritage Growth Properties Class A (NYSE:SRG) by 45.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 215,532 shares of the financial services provider’s stock after acquiring an additional 67,311 shares during the quarter. Russell Investments Group Ltd.’s holdings in Seritage Growth Properties Class A were worth $9,145,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Seritage Growth Properties Class A during the 1st quarter valued at $125,000. Xact Kapitalforvaltning AB bought a new position in shares of Seritage Growth Properties Class A during the 2nd quarter valued at $235,000. GSA Capital Partners LLP bought a new position in shares of Seritage Growth Properties Class A during the 1st quarter valued at $217,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Seritage Growth Properties Class A by 231.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,918 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 5,528 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Seritage Growth Properties Class A by 28.8% during the 2nd quarter. Strs Ohio now owns 9,400 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 2,100 shares in the last quarter.

A number of research firms have recently weighed in on SRG. Boenning Scattergood set a $34.00 price target on shares of Seritage Growth Properties Class A and gave the company a “sell” rating in a report on Friday, May 18th. Zacks Investment Research downgraded shares of Seritage Growth Properties Class A from a “hold” rating to a “strong sell” rating in a report on Thursday, May 24th.

Seritage Growth Properties Class A stock opened at $50.75 on Friday. The firm has a market cap of $1.89 billion, a PE ratio of 34.50 and a beta of 1.22. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 0.94. Seritage Growth Properties Class A has a 1-year low of $34.07 and a 1-year high of $51.89.

Seritage Growth Properties Class A (NYSE:SRG) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The business had revenue of $49.27 million for the quarter. Seritage Growth Properties Class A had a negative net margin of 13.20% and a negative return on equity of 2.50%. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.97%. Seritage Growth Properties Class A’s dividend payout ratio is currently 68.03%.

In other Seritage Growth Properties Class A news, Director Sharon Osberg purchased 1,200 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were acquired at an average price of $44.45 per share, for a total transaction of $53,340.00. Following the acquisition, the director now owns 2,500 shares of the company’s stock, valued at $111,125. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.09% of the stock is currently owned by company insiders.

Seritage Growth Properties Class A Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 222 wholly-owned properties and 26 joint venture properties totaling approximately 39 million square feet of space across 49 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

Featured Story: Diversification For Individual Investors

Want to see what other hedge funds are holding SRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seritage Growth Properties Class A (NYSE:SRG).

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

Receive News & Ratings for Seritage Growth Properties Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seritage Growth Properties Class A and related companies with MarketBeat.com's FREE daily email newsletter.