Seritage Growth Properties (NYSE:SRG) major shareholder Bruce R. Berkowitz sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.35, for a total value of $2,421,000.00. Following the transaction, the insider now owns 528,498 shares of the company’s stock, valued at approximately $21,324,894.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Seritage Growth Properties (NYSE:SRG) traded down $0.24 during trading on Monday, hitting $40.26. The stock had a trading volume of 124,226 shares, compared to its average volume of 335,939. The stock has a market cap of $1,433.13, a PE ratio of 22.50 and a beta of 1.03. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.96. Seritage Growth Properties has a 12-month low of $38.49 and a 12-month high of $50.00.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, December 28th. Seritage Growth Properties’s dividend payout ratio (DPR) is -71.94%.

Several institutional investors have recently made changes to their positions in SRG. Teachers Advisors LLC boosted its holdings in shares of Seritage Growth Properties by 2.9% in the 1st quarter. Teachers Advisors LLC now owns 42,722 shares of the financial services provider’s stock worth $1,843,000 after purchasing an additional 1,198 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Seritage Growth Properties by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 59,363 shares of the financial services provider’s stock worth $2,561,000 after purchasing an additional 1,800 shares during the period. First Trust Advisors LP boosted its holdings in shares of Seritage Growth Properties by 32.8% in the 2nd quarter. First Trust Advisors LP now owns 10,950 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 2,704 shares during the period. Rhumbline Advisers boosted its holdings in shares of Seritage Growth Properties by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 31,400 shares of the financial services provider’s stock worth $1,317,000 after purchasing an additional 577 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Seritage Growth Properties during the 2nd quarter worth approximately $117,000. Hedge funds and other institutional investors own 78.00% of the company’s stock.

SRG has been the subject of a number of recent research reports. Zacks Investment Research cut Seritage Growth Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Boenning Scattergood set a $38.00 target price on Seritage Growth Properties and gave the stock a “sell” rating in a report on Tuesday, October 17th.

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Seritage Growth Properties Company 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.

Insider Buying and Selling by Quarter for Seritage Growth Properties (NYSE:SRG)

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