Fmr LLC purchased a new stake in shares of Seritage Growth Properties (NYSE:SRG) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,006 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Credit Agricole S A raised its position in Seritage Growth Properties by 12.7% in the first quarter. Credit Agricole S A now owns 19,015 shares of the financial services provider’s stock valued at $821,000 after buying an additional 2,147 shares during the last quarter. Roundview Capital LLC raised its position in Seritage Growth Properties by 88.3% in the first quarter. Roundview Capital LLC now owns 28,900 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 13,550 shares during the last quarter. American International Group Inc. raised its position in Seritage Growth Properties by 7.1% in the first quarter. American International Group Inc. now owns 15,373 shares of the financial services provider’s stock valued at $663,000 after buying an additional 1,016 shares during the last quarter. Stifel Financial Corp raised its position in Seritage Growth Properties by 44.5% in the first quarter. Stifel Financial Corp now owns 17,470 shares of the financial services provider’s stock valued at $752,000 after buying an additional 5,383 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Seritage Growth Properties by 28.1% in the first quarter. JPMorgan Chase & Co. now owns 259,233 shares of the financial services provider’s stock valued at $11,186,000 after buying an additional 56,830 shares during the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Seritage Growth Properties (SRG) opened at 47.36 on Thursday. The firm’s market capitalization is $1.61 billion. Seritage Growth Properties has a 52-week low of $38.49 and a 52-week high of $51.88. The company’s 50-day moving average price is $45.03 and its 200 day moving average price is $43.21.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. Seritage Growth Properties’s dividend payout ratio (DPR) is -42.19%.

ILLEGAL ACTIVITY NOTICE: “5,006 Shares in Seritage Growth Properties (SRG) Acquired by Fmr LLC” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/5006-shares-in-seritage-growth-properties-srg-acquired-by-fmr-llc/1469204.html.

Several research analysts recently weighed in on the company. BidaskClub raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. Boenning Scattergood set a $38.00 price target on Seritage Growth Properties and gave the company a “sell” rating in a research report on Tuesday. Zacks Investment Research raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $48.00 price target on shares of Seritage Growth Properties in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.33.

In related news, major shareholder Bruce R. Berkowitz bought 4,300 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of $38.75 per share, with a total value of $166,625.00. Following the completion of the transaction, the insider now owns 35,850 shares in the company, valued at $1,389,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bruce R. Berkowitz bought 31,200 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of $39.69 per share, for a total transaction of $1,238,328.00. Following the transaction, the insider now owns 35,850 shares of the company’s stock, valued at approximately $1,422,886.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 184,800 shares of company stock worth $7,300,810. Corporate insiders own 9.78% of the company’s stock.

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.

Want to see what other hedge funds are holding SRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seritage Growth Properties (NYSE:SRG).

Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

Receive News & Ratings for Seritage Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seritage Growth Properties and related companies with Analyst Ratings Network's FREE daily email newsletter.