Seritage Growth Properties (NYSE:SRG) major shareholder Bruce R. Berkowitz sold 106,900 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $40.36, for a total transaction of $4,314,484.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Seritage Growth Properties (NYSE SRG) traded down $0.24 during trading hours on Monday, hitting $40.26. 124,226 shares of the stock were exchanged, compared to its average volume of 335,939. The company has a market cap of $1,433.13, a price-to-earnings ratio of 22.50 and a beta of 1.03. Seritage Growth Properties has a 1 year low of $38.49 and a 1 year high of $50.00. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.48%. Seritage Growth Properties’s dividend payout ratio (DPR) is -71.94%.

Several institutional investors have recently made changes to their positions in the company. Fairholme Capital Management LLC boosted its stake in shares of Seritage Growth Properties by 3.8% in the 2nd quarter. Fairholme Capital Management LLC now owns 3,807,150 shares of the financial services provider’s stock valued at $159,710,000 after purchasing an additional 140,200 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Seritage Growth Properties by 14.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,835,452 shares of the financial services provider’s stock valued at $130,629,000 after purchasing an additional 358,962 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Seritage Growth Properties by 4.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,393,206 shares of the financial services provider’s stock valued at $62,958,000 after purchasing an additional 62,006 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Seritage Growth Properties by 20.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 933,958 shares of the financial services provider’s stock valued at $39,179,000 after purchasing an additional 161,295 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Seritage Growth Properties by 3.1% in the 2nd quarter. State Street Corp now owns 840,425 shares of the financial services provider’s stock valued at $35,257,000 after purchasing an additional 25,354 shares in the last quarter. 78.00% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Seritage Growth Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Boenning Scattergood set a $38.00 price target on shares of Seritage Growth Properties and gave the stock a “sell” rating in a report on Tuesday, October 17th.

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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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