Seritage Growth Properties (SRG) Scheduled to Post Quarterly Earnings on Thursday

Seritage Growth Properties (NYSE:SRG) will be announcing its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.52 per share for the quarter.

Shares of Seritage Growth Properties (SRG) opened at 41.13 on Wednesday. Seritage Growth Properties has a one year low of $38.49 and a one year high of $50.00. The stock’s market cap is $1.40 billion. The company has a 50-day moving average price of $44.80 and a 200 day moving average price of $44.00.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. Seritage Growth Properties’s dividend payout ratio (DPR) is -42.19%.

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A number of equities research analysts recently commented on SRG shares. Zacks Investment Research raised shares of Seritage Growth Properties from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Saturday, August 12th. BidaskClub raised shares of Seritage Growth Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Boenning Scattergood set a $38.00 target price on shares of Seritage Growth Properties and gave the company a “sell” rating in a report on Tuesday, October 17th.

About Seritage Growth Properties

Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust. The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. Its assets are held by and its operations are primarily conducted through, directly or indirectly, Seritage Growth Properties, L.P.

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