Haverford Financial Services Inc. bought a new position in shares of Seritage Growth Properties (NYSE:SRG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,411 shares of the financial services provider’s stock, valued at approximately $434,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Seritage Growth Properties by 3,339.8% during the first quarter. BlackRock Inc. now owns 2,488,552 shares of the financial services provider’s stock worth $107,381,000 after purchasing an additional 2,416,207 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Seritage Growth Properties by 27.9% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 2,476,490 shares of the financial services provider’s stock worth $103,889,000 after purchasing an additional 539,848 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Seritage Growth Properties by 38.0% during the second quarter. Eagle Asset Management Inc. now owns 1,331,200 shares of the financial services provider’s stock worth $55,843,000 after purchasing an additional 366,325 shares during the last quarter. FMR LLC lifted its stake in Seritage Growth Properties by 6,962.9% during the second quarter. FMR LLC now owns 353,568 shares of the financial services provider’s stock worth $14,833,000 after purchasing an additional 348,562 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Seritage Growth Properties by 20.9% during the second quarter. The Manufacturers Life Insurance Company now owns 933,958 shares of the financial services provider’s stock worth $39,179,000 after purchasing an additional 161,295 shares during the last quarter. Institutional investors and hedge funds own 71.60% of the company’s stock.

SRG has been the subject of several research analyst reports. Zacks Investment Research raised Seritage Growth Properties from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Saturday, August 12th. BidaskClub raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Boenning Scattergood set a $38.00 target price on Seritage Growth Properties and gave the company a “sell” rating in a research note on Tuesday.

In other news, major shareholder Bruce R. Berkowitz sold 120,900 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $40.18, for a total value of $4,857,762.00. Following the completion of the sale, the insider now owns 583,498 shares of the company’s stock, valued at approximately $23,444,949.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Salle Benoit La bought 62,700 shares of the stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $1.60 per share, with a total value of $100,320.00. In the last three months, insiders bought 110,750 shares of company stock valued at $187,062. 9.78% of the stock is currently owned by corporate insiders.

Seritage Growth Properties (SRG) traded up $0.12 during midday trading on Friday, hitting $40.77. The stock had a trading volume of 270,200 shares, compared to its average volume of 338,987. Seritage Growth Properties has a 12 month low of $38.49 and a 12 month high of $50.00. 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 company has a market cap of $1,442.69, a price-to-earnings ratio of 22.65 and a beta of 1.06.

The business also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, December 28th. Seritage Growth Properties’s dividend payout ratio (DPR) is presently -71.94%.

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Seritage Growth Properties 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.

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

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