Seritage Growth Properties (SRG) Stock Price, News & Analysis

Company Overview

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area ("GLA") or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of. The portfolio consists of approximately 4.3 million square feet of GLA held by 33 wholly owned properties (such properties, the "Consolidated Properties") and 1.2 million square feet of GLA held by 9 unconsolidated entities (such properties, the "Unconsolidated Properties").

Key Stats

• Today's Range: $4.56 to $4.66
• 50-Day Range: $3.70 to $5.10
• 52-Week Range: $3.63 to $9.87
• Volume: 124,939 shs
• Average Volume: 275,717 shs
• Market Capitalization: $260.53 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Seritage Growth Properties Stock Analysis - MarketRank™

Seritage Growth Properties scored higher than 9% of companies evaluated by MarketBeat, and ranked 932nd out of 948 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Seritage Growth Properties.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Seritage Growth Properties is -2.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Seritage Growth Properties is -2.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Seritage Growth Properties has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

17.55% of the float of Seritage Growth Properties has been sold short.

Short Interest Ratio / Days to Cover

Seritage Growth Properties has a short interest ratio ("days to cover") of 14.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Seritage Growth Properties has recently decreased by 1.40%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Seritage Growth Properties does not currently pay a dividend.

Dividend Growth

Seritage Growth Properties does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

17.55% of the float of Seritage Growth Properties has been sold short.

Short Interest Ratio / Days to Cover

Seritage Growth Properties has a short interest ratio ("days to cover") of 14.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Seritage Growth Properties has recently decreased by 1.40%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.27

News Sentiment

Seritage Growth Properties has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Seritage Growth Properties this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Seritage Growth Properties insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.46% of the stock of Seritage Growth Properties is held by insiders.

Percentage Held by Institutions

78.93% of the stock of Seritage Growth Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SRG Stock Analysis - Frequently Asked Questions

How have SRG shares performed this year?

Seritage Growth Properties' stock was trading at $9.35 at the start of the year. Since then, SRG shares have decreased by 50.5% and is now trading at $4.63.
View the best growth stocks for 2024 here.

How were Seritage Growth Properties' earnings last quarter?

Seritage Growth Properties (NYSE:SRG) posted its quarterly earnings results on Wednesday, August, 14th. The financial services provider reported ($0.28) earnings per share for the quarter. The financial services provider had revenue of $4.22 million for the quarter. Seritage Growth Properties had a negative net margin of 485.15% and a negative trailing twelve-month return on equity of 5.89%.

How do I buy shares of Seritage Growth Properties?

Shares of SRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Seritage Growth Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Seritage Growth Properties investors own include Walt Disney (DIS), Zscaler (ZS), Tesla (TSLA), Twilio (TWLO), Fastly (FSLY), McDonald's (MCD) and NextEra Energy (NEE).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 10/05/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Real Estate
• Current Symbol: NYSE:SRG
• CUSIP: N/A
• CIK: 1628063
• Web: www.seritage.com
• Phone: (212) 355-7800
• Fax: N/A
• Employees: 40
• Year Founded: 2015

Profitability

• EPS (Most Recent Fiscal Year): ($2.09)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-154,910,000.00
• Net Margins: -485.15%
• Pretax Margin: -478.64%
• Return on Equity: -5.89%
• Return on Assets: -3.39%

Debt

• Debt-to-Equity Ratio: 0.63
• Current Ratio: 7.95
• Quick Ratio: 7.95

Sales & Book Value

• Annual Sales: $20.78 million
• Price / Sales: 12.54
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $10.02 per share
• Price / Book: 0.46

Miscellaneous

• Outstanding Shares: 56,270,000
• Free Float: 56,004,000
• Market Cap: $260.53 million
• Optionable: Optionable
• Beta: 2.57