Macquarie Group Ltd. continued to hold its position in shares of Seritage Growth Properties (NYSE:SRG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,500 shares of the financial services provider’s stock at the close of the 2nd quarter. Macquarie Group Ltd.’s holdings in Seritage Growth Properties were worth $482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SRG. BlackRock Inc. grew its holdings in shares of Seritage Growth Properties by 3,339.8% in the 1st 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 grew its holdings in Seritage Growth Properties by 27.9% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,476,490 shares of the financial services provider’s stock worth $103,889,000 after acquiring an additional 539,848 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Seritage Growth Properties by 38.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,331,200 shares of the financial services provider’s stock worth $55,843,000 after acquiring an additional 366,325 shares during the last quarter. FMR LLC grew its holdings in Seritage Growth Properties by 6,962.9% during the 2nd quarter. FMR LLC now owns 353,568 shares of the financial services provider’s stock worth $14,833,000 after acquiring an additional 348,562 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Seritage Growth Properties by 74.5% during the 1st quarter. Morgan Stanley now owns 321,946 shares of the financial services provider’s stock worth $13,892,000 after acquiring an additional 137,498 shares during the last quarter. 74.94% of the stock is currently owned by institutional investors and hedge funds.

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Seritage Growth Properties (SRG) opened at 41.13 on Wednesday. The company’s market cap is $1.40 billion. Seritage Growth Properties has a 52 week low of $38.49 and a 52 week high of $50.00. The stock has a 50 day moving average of $44.80 and a 200 day moving average of $44.00.

The company also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, December 28th. Seritage Growth Properties’s dividend payout ratio (DPR) is currently -42.19%.

A number of equities research analysts have commented on SRG shares. Boenning Scattergood set a $38.00 price objective on shares of Seritage Growth Properties and gave the stock a “sell” rating in a report on Tuesday, October 17th. Zacks Investment Research raised shares of Seritage Growth Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub raised shares of Seritage Growth Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th.

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.

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

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