Seritage Growth Properties (SRG) Shares Bought by Oldfield Partners LLP

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Oldfield Partners LLP boosted its stake in shares of Seritage Growth Properties (NYSE:SRG) by 23.8% in the first quarter, HoldingsChannel.com reports. The fund owned 66,600 shares of the financial services provider’s stock after purchasing an additional 12,800 shares during the period. Seritage Growth Properties makes up about 0.3% of Oldfield Partners LLP’s investment portfolio, making the stock its 17th biggest position. Oldfield Partners LLP’s holdings in Seritage Growth Properties were worth $2,960,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. raised its position in Seritage Growth Properties by 2.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 17,530 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Seritage Growth Properties by 8.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,963 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 665 shares during the period. Hsbc Holdings PLC raised its position in Seritage Growth Properties by 3.4% during the fourth quarter. Hsbc Holdings PLC now owns 20,122 shares of the financial services provider’s stock worth $650,000 after acquiring an additional 669 shares during the period. Bank of New York Mellon Corp raised its position in shares of Seritage Growth Properties by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 200,569 shares of the financial services provider’s stock valued at $6,484,000 after buying an additional 993 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Seritage Growth Properties in the first quarter valued at about $74,000.

Separately, ValuEngine upgraded shares of Seritage Growth Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th.

Shares of NYSE SRG traded up $0.30 during mid-day trading on Tuesday, reaching $43.10. The company’s stock had a trading volume of 10,064 shares, compared to its average volume of 279,787. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 158.00 and a beta of 1.67. The company has a quick ratio of 7.59, a current ratio of 7.59 and a debt-to-equity ratio of 1.39. Seritage Growth Properties has a 1-year low of $30.60 and a 1-year high of $51.89.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Friday, March 29th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, March 28th.

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Seritage Growth Properties Company Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 206 wholly-owned properties and 26 joint venture properties totaling approximately 36.3 million square feet of space across 48 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

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Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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