Seritage Growth Properties (NYSE:SRG) Director Kenneth T. Lombard bought 575 shares of Seritage Growth Properties stock in a transaction dated Friday, March 9th. The stock was purchased at an average price of $34.73 per share, with a total value of $19,969.75. Following the completion of the purchase, the director now owns 175 shares in the company, valued at $6,077.75. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Seritage Growth Properties (SRG) opened at $35.88 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 5.07 and a quick ratio of 5.07. The company has a market capitalization of $1,296.09, a PE ratio of 23.90 and a beta of 1.03. Seritage Growth Properties has a 12 month low of $34.07 and a 12 month high of $50.00.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Friday, March 30th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.79%. Seritage Growth Properties’s dividend payout ratio is presently -45.87%.
Several analysts have recently commented on SRG shares. Boenning Scattergood set a $38.00 target price on Seritage Growth Properties and gave the company a “sell” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 23rd.
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.
Receive News & Ratings for Seritage Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seritage Growth Properties and related companies with MarketBeat.com's FREE daily email newsletter.