Seritage Growth Properties (NYSE:SRG – Get Free Report) was the target of an unusually large options trade on Monday. Investors bought 3,088 put options on the stock. This is a 245% increase compared to the usual volume of 894 put options.
Price development for Seritage growth properties
SRG shares opened at $3.96 on Tuesday. The company has a market cap of $222.80 million, a P/E ratio of -1.89 and a beta of 2.58. Seritage Growth Properties has a 52-week low of $3.70 and a 52-week high of $9.87. The company’s 50-day average price is $4.89 and its 200-day average price is $7.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 7.92 and a current ratio of 7.92.
Seritage Growth Properties (NYSE:SRG – Get Free Report) last announced its quarterly earnings results on Friday, May 10. The financial services provider reported earnings per share of ($0.36) for the quarter. The company posted revenue of $5.77 million during the quarter. Seritage Growth Properties had a negative net margin of 432.54% and a negative return on equity of 1.34%.
Wall Street analysts comment
StockNews.com separately upgraded shares of Seritage Growth Properties to a “sell” rating in a report on Monday, May 13.
Check out our latest stock report on Seritage Growth Properties.
Institutional investors comment on Seritage’s growth properties
Institutional investors and hedge funds have recently made changes to their positions in the company. JBF Capital Inc. increased its holdings in shares of Seritage Growth Properties by 20.0% in the second quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 10,000 shares in the last quarter. American Century Companies Inc. increased its holdings in Seritage Growth Properties by 11.5% in the second quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 5,519 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Seritage Growth Properties by 183.3% in the second quarter. Harbor Capital Advisors Inc. now owns 117,785 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 76,213 shares in the last quarter. Alpine Global Management LLC increased its stake in shares of Seritage Growth Properties by 11.6% in the 1st quarter. Alpine Global Management LLC now owns 141,292 shares of the financial services provider’s stock valued at $1,363,000 after purchasing an additional 14,720 shares in the last quarter. Finally, Huber Capital Management LLC acquired a new stake in shares of Seritage Growth Properties in the first quarter valued at about $140,000. Institutional investors and hedge funds own 78.93% of the company’s stock.
Seritage Growth Properties Company Profile
(Get free report)
Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company’s portfolio consisted of interests in 42 properties with approximately 5.6 million square feet of gross leasable area (“GLA”) or custom leasable area, approximately 126 acres held for development or under development, and approximately 2.9 million square feet or approximately 259 acres to be disposed of.
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