Seritage Growth Properties (NYSE:SRG) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Seritage Growth Properties (NYSE:SRG - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.27 and traded as low as $3.56. Seritage Growth Properties shares last traded at $3.59, with a volume of 128,418 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seritage Growth Properties to a "sell" rating in a report on Thursday, October 24th.

Seritage Growth Properties Trading Up 8.8 %

The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67. The stock has a market cap of $218.61 million, a P/E ratio of -1.52 and a beta of 2.57. The business's fifty day simple moving average is $3.93 and its 200 day simple moving average is $4.25.

Institutional Trading of Seritage Growth Properties

Hedge funds have recently modified their holdings of the stock. Northern Trust Corp lifted its holdings in Seritage Growth Properties by 6.0% during the 4th quarter. Northern Trust Corp now owns 96,284 shares of the financial services provider's stock worth $397,000 after buying an additional 5,480 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Seritage Growth Properties by 9.8% during the fourth quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider's stock valued at $276,000 after acquiring an additional 6,003 shares during the period. nVerses Capital LLC acquired a new position in shares of Seritage Growth Properties during the third quarter valued at $30,000. Harbor Capital Advisors Inc. boosted its holdings in Seritage Growth Properties by 4.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider's stock valued at $991,000 after acquiring an additional 9,324 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Seritage Growth Properties in the fourth quarter worth about $49,000. 78.93% of the stock is owned by institutional investors.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.