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

Company Overview

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. As of December 31, 2023, the Company's portfolio consisted of interests in 32 properties comprised of approximately 4.1 million square feet of gross leasable area (GLA) or build-to-suit leased area and 460 acres. The portfolio consists of approximately 2.8 million square feet of GLA and 326 held by 23 wholly owned properties (such properties, the Consolidated Properties) and 1.2 million square feet of GLA and 134 acres held by nine unconsolidated entities (such properties, the Unconsolidated Properties).

Key Stats

• Today's Range: $4.20 to $4.32
• 50-Day Range: $3.92 to $4.72
• 52-Week Range: $3.63 to $9.87
• Volume: 378,748 shs
• Average Volume: 408,576 shs
• Market Capitalization: $239.14 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 7% of companies evaluated by MarketBeat, and ranked 915th out of 922 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 -1.67, 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 -1.67, 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 0.57. 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

17.00% 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 16.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Seritage Growth Properties has recently decreased by 2.38%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

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

17.00% 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 16.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Seritage Growth Properties has recently decreased by 2.38%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: N/A

News Sentiment

Seritage Growth Properties has a news sentiment score of 0.76. 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 news sentiment score is similar to the average news sentiment of Finance companies.

MarketBeat Follows

1 people have added Seritage Growth Properties to their MarketBeat watchlist in the last 30 days.

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 on January 1st, 2024. Since then, SRG shares have decreased by 54.5% and is now trading at $4.25.
View the best growth stocks for 2024 here.

How were Seritage Growth Properties' earnings last quarter?

Seritage Growth Properties (NYSE:SRG) released its quarterly earnings data on Thursday, May, 2nd. The financial services provider reported ($0.23) earnings per share for the quarter. The financial services provider had revenue of $43.86 million for the quarter. Seritage Growth Properties had a negative net margin of 618.09% and a negative trailing twelve-month return on equity of 10.60%.

Who are Seritage Growth Properties' major shareholders?

Top institutional shareholders of Seritage Growth Properties include Hotchkis & Wiley Capital Management LLC (8.10%), Bank of Montreal Can (1.78%), Littlejohn & Co. LLC (1.65%) and PEAK6 Investments LLC. Insiders that own company stock include Edward S Lampert and Yakira Capital Management, Inc.
View institutional ownership trends.

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 Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Alphabet (GOOG), Visa (V), Home Depot (HD) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 5/02/2019
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 4/07/2025

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: 19
• Year Founded: 2015

Profitability

• EPS (Most Recent Fiscal Year): ($2.55)
• 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: -618.09%
• Pretax Margin: -611.07%
• Return on Equity: -10.60%
• Return on Assets: -6.16%

Debt

• Debt-to-Equity Ratio: 0.67
• Current Ratio: 8.10
• Quick Ratio: 8.10

Sales & Book Value

• Annual Sales: $22.41 million
• Price / Sales: 10.41
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.44 per share
• Price / Book: 0.56

Miscellaneous

• Outstanding Shares: 56,268,000
• Free Float: 56,009,000
• Market Cap: $233.23 million
• Optionable: Optionable
• Beta: 2.57