Seritage Growth Properties (SRG) Director Purchases $37,440.00 in Stock

Seritage Growth Properties (NYSE:SRG) Director Salle Benoit La bought 23,400 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $1.60 per share, for a total transaction of $37,440.00.

Salle Benoit La also recently made the following trade(s):

  • On Tuesday, November 7th, Salle Benoit La acquired 62,700 shares of Seritage Growth Properties stock. The shares were acquired at an average cost of $1.60 per share, for a total transaction of $100,320.00.
  • On Tuesday, October 31st, Salle Benoit La acquired 24,300 shares of Seritage Growth Properties stock. The shares were acquired at an average cost of $1.45 per share, for a total transaction of $35,235.00.

Seritage Growth Properties (SRG) opened at $40.28 on Wednesday. Seritage Growth Properties has a 1-year low of $38.49 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market capitalization of $1,443.04, a PE ratio of 22.66 and a beta of 1.06.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders 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 yield of 2.48%. The ex-dividend date is Thursday, December 28th. Seritage Growth Properties’s dividend payout ratio is -71.94%.

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Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Seritage Growth Properties in the second quarter valued at about $117,000. Schroder Investment Management Group bought a new position in Seritage Growth Properties in the third quarter valued at about $152,000. FMR LLC bought a new position in Seritage Growth Properties in the first quarter valued at about $216,000. CIBC World Markets Inc. bought a new position in Seritage Growth Properties in the second quarter valued at about $326,000. Finally, Blair William & Co. IL bought a new position in Seritage Growth Properties in the second quarter valued at about $346,000. 74.98% of the stock is currently owned by institutional investors.

SRG has been the topic of several recent analyst reports. Boenning Scattergood set a $38.00 price objective on Seritage Growth Properties and gave the company a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Seritage Growth Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, BidaskClub raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th.

About Seritage Growth Properties

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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