Public Employees Retirement System of Ohio increased its stake in shares of Seritage Growth Properties (NYSE:SRG) by 4.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,102 shares of the financial services provider’s stock after acquiring an additional 1,365 shares during the period. Public Employees Retirement System of Ohio owned 0.09% of Seritage Growth Properties worth $1,362,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SRG. Valeo Financial Advisors LLC acquired a new position in shares of Seritage Growth Properties during the 2nd quarter valued at about $113,000. SG Americas Securities LLC acquired a new position in shares of Seritage Growth Properties during the 1st quarter valued at about $125,000. GSA Capital Partners LLP acquired a new position in shares of Seritage Growth Properties during the 1st quarter valued at about $217,000. Xact Kapitalforvaltning AB bought a new stake in Seritage Growth Properties during the 2nd quarter valued at approximately $235,000. Finally, Permanens Capital L.P. bought a new stake in Seritage Growth Properties during the 2nd quarter valued at approximately $286,000.

Shares of NYSE:SRG opened at $41.75 on Friday. Seritage Growth Properties has a twelve month low of $34.07 and a twelve month high of $51.89. The company has a market cap of $1.76 billion, a P/E ratio of 52.77 and a beta of 1.24. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 0.94.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 annualized dividend and a yield of 2.40%.

About Seritage Growth Properties

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.

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

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