Seritage Growth Properties (NYSE:SRG - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.26 and traded as low as $4.14. Seritage Growth Properties shares last traded at $4.16, with a volume of 97,060 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Seritage Growth Properties to a "sell" rating in a research report on Thursday, October 24th.
Get Our Latest Analysis on SRG
Seritage Growth Properties Price Performance
The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The company's fifty day moving average price is $4.25 and its 200 day moving average price is $4.50. The firm has a market capitalization of $236.89 million, a price-to-earnings ratio of -1.65 and a beta of 2.58.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in Seritage Growth Properties by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 53,468 shares of the financial services provider's stock valued at $250,000 after purchasing an additional 5,519 shares during the period. JBF Capital Inc. boosted its position in shares of Seritage Growth Properties by 20.0% during the second quarter. JBF Capital Inc. now owns 60,000 shares of the financial services provider's stock worth $280,000 after buying an additional 10,000 shares during the period. Sei Investments Co. grew its holdings in Seritage Growth Properties by 5.9% in the 2nd quarter. Sei Investments Co. now owns 48,148 shares of the financial services provider's stock worth $225,000 after buying an additional 2,700 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Seritage Growth Properties in the 2nd quarter valued at approximately $48,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Seritage Growth Properties during the 2nd quarter valued at $63,000. 78.93% of the stock is currently owned by institutional investors.
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.
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