Seritage Growth Properties (NYSE:SRG - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.58 and traded as low as $4.15. Seritage Growth Properties shares last traded at $4.20, with a volume of 173,406 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Seritage Growth Properties to a "sell" rating in a report on Thursday, October 24th.
Check Out Our Latest Analysis on SRG
Seritage Growth Properties Stock Performance
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 capitalization of $232.39 million, a price-to-earnings ratio of -1.62 and a beta of 2.58. The firm's fifty day moving average price is $4.33 and its 200 day moving average price is $4.58.
Institutional Investors Weigh In On Seritage Growth Properties
Hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Seritage Growth Properties during the 3rd quarter worth about $30,000. AQR Capital Management LLC purchased a new stake in shares of Seritage Growth Properties during the 2nd quarter worth approximately $48,000. Atom Investors LP acquired a new position in shares of Seritage Growth Properties in the 3rd quarter valued at $62,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Seritage Growth Properties in the 2nd quarter valued at $63,000. Finally, Sei Investments Co. raised its stake in Seritage Growth Properties by 5.9% during the 2nd quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider's stock worth $225,000 after acquiring an additional 2,700 shares in the last quarter. 78.93% of the stock is currently owned by institutional investors and hedge funds.
About Seritage Growth Properties
(
Get Free Report)
Prior to the adoption of the Company's Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold.
Further Reading
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