Seritage Growth Properties (NYSE:SRG) major shareholder Bruce R. Berkowitz acquired 140,600 shares of the company’s stock in a transaction dated Friday, January 13th. The shares were bought at an average price of $39.92 per share, for a total transaction of $5,612,752.00. Following the purchase, the insider now owns 35,850 shares in the company, valued at $1,431,132. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Seritage Growth Properties (NYSE:SRG) opened at 39.80 on Friday. The firm has a 50-day moving average price of $44.59 and a 200-day moving average price of $47.06. The firm’s market capitalization is $1.26 billion. Seritage Growth Properties has a one year low of $36.28 and a one year high of $57.31.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Saturday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. Seritage Growth Properties’s dividend payout ratio (DPR) is presently -76.92%.

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Large investors have recently made changes to their positions in the stock. Greylin Investment Mangement Inc. boosted its stake in shares of Seritage Growth Properties by 0.6% in the third quarter. Greylin Investment Mangement Inc. now owns 29,025 shares of the company’s stock worth $1,471,000 after buying an additional 175 shares during the period. California State Teachers Retirement System boosted its stake in shares of Seritage Growth Properties by 1.0% in the third quarter. California State Teachers Retirement System now owns 52,852 shares of the company’s stock worth $2,679,000 after buying an additional 500 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Seritage Growth Properties by 4.4% in the third quarter. Nationwide Fund Advisors now owns 18,271 shares of the company’s stock worth $926,000 after buying an additional 764 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Seritage Growth Properties by 0.8% in the third quarter. Two Sigma Advisers LP now owns 106,900 shares of the company’s stock worth $5,418,000 after buying an additional 800 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Seritage Growth Properties by 2.7% in the third quarter. Rhumbline Advisers now owns 31,950 shares of the company’s stock worth $1,619,000 after buying an additional 855 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on SRG shares. Zacks Investment Research upgraded Seritage Growth Properties from a “sell” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, September 22nd. Wells Fargo & Company began coverage on Seritage Growth Properties in a research note on Tuesday, October 25th. They set an “outperform” rating on the stock. Boenning Scattergood reissued an “underperform” rating on shares of Seritage Growth Properties in a report on Tuesday, November 8th. RBC Capital Markets lowered Seritage Growth Properties from a “top pick” rating to an “outperform” rating and decreased their target price for the stock from $72.00 to $62.00 in a report on Monday, December 5th. Finally, Royal Bank Of Canada lowered Seritage Growth Properties from a “top pick” rating to an “outperform” rating and decreased their target price for the stock from $72.00 to $62.00 in a report on Monday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $51.25.

Seritage Growth Properties Company Profile

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

5 Day Chart for NYSE:SRG

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