Seritage Growth Properties (NYSE: SRG) is one of 77 publicly-traded companies in the “Commercial REITs” industry, but how does it contrast to its competitors? We will compare Seritage Growth Properties to related companies based on the strength of its institutional ownership, dividends, analyst recommendations, profitability, risk, earnings and valuation.
Seritage Growth Properties pays an annual dividend of $1.00 per share and has a dividend yield of 2.5%. Seritage Growth Properties pays out -71.9% of its earnings in the form of a dividend. As a group, “Commercial REITs” companies pay a dividend yield of 3.9% and pay out 91.1% of their earnings in the form of a dividend.
Seritage Growth Properties has a beta of 1.03, meaning that its share price is 3% more volatile than the S&P 500. Comparatively, Seritage Growth Properties’ competitors have a beta of 0.77, meaning that their average share price is 23% less volatile than the S&P 500.
Insider & Institutional Ownership
78.0% of Seritage Growth Properties shares are owned by institutional investors. Comparatively, 73.2% of shares of all “Commercial REITs” companies are owned by institutional investors. 9.8% of Seritage Growth Properties shares are owned by insiders. Comparatively, 7.3% of shares of all “Commercial REITs” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
This table compares Seritage Growth Properties and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Seritage Growth Properties||-17.97%||-3.33%||-1.67%|
|Seritage Growth Properties Competitors||52.56%||6.66%||3.86%|
Valuation & Earnings
This table compares Seritage Growth Properties and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Seritage Growth Properties||$248.67 million||-$51.55 million||-28.90|
|Seritage Growth Properties Competitors||$537.26 million||$100.12 million||452.16|
Seritage Growth Properties’ competitors have higher revenue and earnings than Seritage Growth Properties. Seritage Growth Properties is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of current ratings for Seritage Growth Properties and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Seritage Growth Properties||1||1||0||0||1.50|
|Seritage Growth Properties Competitors||634||2589||2229||24||2.30|
Seritage Growth Properties currently has a consensus target price of $43.00, indicating a potential upside of 7.05%. As a group, “Commercial REITs” companies have a potential upside of 7.23%. Given Seritage Growth Properties’ competitors stronger consensus rating and higher probable upside, analysts clearly believe Seritage Growth Properties has less favorable growth aspects than its competitors.
Seritage Growth Properties competitors beat Seritage Growth Properties on 11 of the 15 factors compared.
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. (Operating Partnership). As of December 31, 2016, the Company’s portfolio included approximately 42.2 million square feet of gross leasable area (GLA), consisting of 235 owned properties totaling over 36.8 million square feet of GLA across 49 states and Puerto Rico, and interests in 31 joint venture properties totaling over 5.4 million square feet of GLA across 17 states. As of December 31, 2016, it included over 3,000 acres of land or approximately 13 acres per site for its owned properties. Its properties are primarily located in areas, including in California, Florida and Texas.
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