Haverford Financial Services Inc. lifted its position in shares of Seritage Growth Properties (NYSE:SRG) by 16.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,011 shares of the financial services provider’s stock after buying an additional 2,000 shares during the quarter. Haverford Financial Services Inc.’s holdings in Seritage Growth Properties were worth $498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gates Capital Management Inc. grew its position in shares of Seritage Growth Properties by 63.9% during the 4th quarter. Gates Capital Management Inc. now owns 1,488,688 shares of the financial services provider’s stock worth $60,232,000 after buying an additional 580,154 shares in the last quarter. California Public Employees Retirement System boosted its position in Seritage Growth Properties by 9.3% during the third quarter. California Public Employees Retirement System now owns 32,364 shares of the financial services provider’s stock valued at $1,491,000 after purchasing an additional 2,764 shares in the last quarter. Governors Lane LP boosted its position in Seritage Growth Properties by 86.5% during the fourth quarter. Governors Lane LP now owns 567,093 shares of the financial services provider’s stock valued at $22,945,000 after purchasing an additional 263,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Seritage Growth Properties by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 178,507 shares of the financial services provider’s stock valued at $7,223,000 after purchasing an additional 4,719 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Seritage Growth Properties during the fourth quarter valued at about $8,578,000. 87.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of SRG stock opened at $37.67 on Friday. Seritage Growth Properties has a 1-year low of $37.38 and a 1-year high of $37.84. The stock has a market cap of $1.38 billion, a P/E ratio of 30.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.96, a quick ratio of 5.02 and a current ratio of 5.02.

Seritage Growth Properties (NYSE:SRG) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.76). Seritage Growth Properties had a negative net margin of 19.00% and a negative return on equity of 3.29%. The company had revenue of $53.68 million for the quarter, compared to the consensus estimate of $68.90 million. equities analysts anticipate that Seritage Growth Properties will post 1.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Friday, June 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, June 28th. Seritage Growth Properties’s payout ratio is currently 68.03%.

In related news, insider Edward S. Lampert acquired 77,638 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of $36.17 per share, with a total value of $2,808,166.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have purchased 78,763 shares of company stock worth $2,848,239. 7.09% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on SRG. Zacks Investment Research raised Seritage Growth Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Boenning Scattergood reaffirmed a “sell” rating on shares of Seritage Growth Properties in a research report on Thursday, March 8th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $44.00 price objective on shares of Seritage Growth Properties in a research report on Monday, March 26th.

Seritage Growth Properties Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 230 wholly-owned properties and 23 joint venture properties totaling over 39 million square feet of space across 49 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

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 MarketBeat.com's FREE daily email newsletter.