Seritage Growth Properties (SRG) Earns Daily News Impact Rating of 0.11
News stories about Seritage Growth Properties (NYSE:SRG) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Seritage Growth Properties earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.0491494489456 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Insider Selling: Seritage Growth Properties (SRG) Major Shareholder Sells 60,000 Shares of Stock (americanbankingnews.com)
- Bruce R. Berkowitz Sells 106,900 Shares of Seritage Growth Properties (SRG) Stock (americanbankingnews.com)
- Seritage Growth Properties and KDC announce partnership to develop up to one million square feet of premier office space in Dallas Midtown (ntxe-news.com)
- Small-Format Sears Stores: Great Idea, but It's Too Little, Too Late (finance.yahoo.com)
- Seritage Growth Properties Prices Public Offering of 7.00% Series A Preferred Shares (finance.yahoo.com)
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, November 23rd. Boenning Scattergood set a $38.00 price objective on shares of Seritage Growth Properties and gave the company a “sell” rating in a report on Tuesday, November 21st.
Seritage Growth Properties (NYSE SRG) opened at $40.26 on Tuesday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.96. Seritage Growth Properties has a twelve month low of $38.49 and a twelve month high of $50.00. The firm has a market cap of $1,420.00 and a P/E ratio of 22.50.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Seritage Growth Properties’s payout ratio is -71.94%.
In other Seritage Growth Properties news, Director Salle Benoit La bought 24,300 shares of Seritage Growth Properties stock in a transaction on Tuesday, October 31st. The stock was acquired at an average cost of $1.45 per share, with a total value of $35,235.00. Also, major shareholder Bruce R. Berkowitz sold 27,100 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $40.93, for a total transaction of $1,109,203.00. Following the sale, the insider now directly owns 583,498 shares of the company’s stock, valued at $23,882,573.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 110,750 shares of company stock valued at $187,062 and have sold 333,500 shares valued at $13,447,193. 9.78% of the stock is currently owned by corporate insiders.
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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.
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