Seritage Growth Properties (SRG) Earns News Impact Score of 0.11

News coverage about Seritage Growth Properties (NYSE:SRG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Seritage Growth Properties earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 44.7921264233294 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Seritage Growth Properties (NYSE SRG) opened at $39.78 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $1,410.00 and a price-to-earnings ratio of -28.62. Seritage Growth Properties has a one year low of $38.49 and a one year high of $50.00.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, December 28th. Seritage Growth Properties’s payout ratio is currently -71.94%.

A number of equities analysts have issued reports on the company. Boenning Scattergood set a $38.00 price target on Seritage Growth Properties and gave the company a “sell” rating in a research note on Friday, December 15th. Zacks Investment Research lowered Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 23rd.

In other news, major shareholder Bruce R. Berkowitz sold 772,200 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $40.71, for a total transaction of $31,436,262.00. Following the completion of the sale, the insider now directly owns 528,498 shares of the company’s stock, valued at approximately $21,515,153.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Salle Benoit La acquired 24,300 shares of Seritage Growth Properties stock in a transaction dated Tuesday, October 31st. The shares were bought at an average cost of $1.45 per share, with a total value of $35,235.00. Over the last ninety days, insiders have acquired 110,750 shares of company stock valued at $187,062 and have sold 1,105,700 shares valued at $44,883,455. Company insiders own 9.78% of the company’s stock.

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Seritage Growth Properties Company Profile

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.

Insider Buying and Selling by Quarter for Seritage Growth Properties (NYSE:SRG)

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