Seritage Growth Properties (NYSE: SRG) is one of 76 publicly-traded companies in the “Commercial REITs” industry, but how does it contrast to its competitors? We will compare Seritage Growth Properties to similar businesses based on the strength of its valuation, earnings, analyst recommendations, institutional ownership, dividends, risk and profitability.
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 4.0% and pay out 91.4% of their earnings in the form of a dividend.
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||54.01%||6.82%||3.95%|
Earnings and Valuation
This table compares Seritage Growth Properties and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Seritage Growth Properties||$248.67 million||-$51.55 million||-28.55|
|Seritage Growth Properties Competitors||$537.26 million||$100.34 million||449.59|
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.
Risk & Volatility
Seritage Growth Properties has a beta of 1.03, suggesting that its stock price is 3% more volatile than the S&P 500. Comparatively, Seritage Growth Properties’ competitors have a beta of 0.78, suggesting that their average stock price is 22% less volatile than the S&P 500.
This is a summary of recent ratings and price targets for Seritage Growth Properties and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Seritage Growth Properties||1||1||0||0||1.50|
|Seritage Growth Properties Competitors||635||2587||2228||24||2.30|
Seritage Growth Properties currently has a consensus target price of $43.00, indicating a potential upside of 8.37%. As a group, “Commercial REITs” companies have a potential upside of 7.88%. Given Seritage Growth Properties’ higher possible upside, analysts clearly believe Seritage Growth Properties is more favorable than its competitors.
Institutional & Insider Ownership
78.0% of Seritage Growth Properties shares are held by institutional investors. Comparatively, 73.2% of shares of all “Commercial REITs” companies are held by institutional investors. 9.8% of Seritage Growth Properties shares are held by insiders. Comparatively, 7.3% of shares of all “Commercial REITs” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Seritage Growth Properties competitors beat Seritage Growth Properties on 10 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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