Seritage Growth Properties (NYSE:SRG) major shareholder Bruce R. Berkowitz sold 99,700 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $40.99, for a total transaction of $4,086,703.00. Following the completion of the transaction, the insider now owns 318,098 shares of the company’s stock, valued at $13,038,837.02. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Seritage Growth Properties (SRG) traded up $0.21 during trading hours on Monday, hitting $41.15. 163,159 shares of the stock were exchanged, compared to its average volume of 326,493. The stock has a market cap of $1,448.70, a P/E ratio of -29.60 and a beta of 1.03. The company has a quick ratio of 4.22, a current 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.
Seritage Growth Properties (NYSE:SRG) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.21). Seritage Growth Properties had a negative return on equity of 3.33% and a negative net margin of 17.97%. analysts expect that Seritage Growth Properties will post 1.76 EPS for the current fiscal year.
Several research analysts have commented on SRG shares. Boenning Scattergood set a $38.00 price objective on shares of Seritage Growth Properties and gave the stock a “sell” rating in a report on Tuesday, November 21st. Zacks Investment Research downgraded shares of Seritage Growth Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
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.
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