Seritage Growth Properties (SRG) Receiving Somewhat Positive Media Coverage, Study Finds
News headlines about Seritage Growth Properties (NYSE:SRG) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Seritage Growth Properties earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.9637424624283 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Seritage Growth Pro Shows Improved Relative Strength; Still Shy Of Benchmark (finance.yahoo.com)
- 3 more Kmart stores to close in Michigan (mlive.com)
- Don’t Sell Boston Properties (BXP) Stock Now — Here’s Why (mrtopstep.com)
- Duke Realty (DRE) Finalizes Lease Deal for Industrial Park (zacks.com)
Seritage Growth Properties (NYSE:SRG) traded up 0.46% during midday trading on Wednesday, hitting $47.56. The stock had a trading volume of 177,871 shares. Seritage Growth Properties has a 52 week low of $38.49 and a 52 week high of $51.88. The stock’s 50 day moving average price is $46.55 and its 200-day moving average price is $43.58. The company’s market cap is $1.61 billion.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, September 28th. Seritage Growth Properties’s dividend payout ratio (DPR) is presently -42.19%.
A number of brokerages have issued reports on SRG. Zacks Investment Research raised shares of Seritage Growth Properties from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Saturday, August 12th. BidaskClub raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Boenning Scattergood set a $38.00 price target on Seritage Growth Properties and gave the company a “sell” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of Seritage Growth Properties in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.33.
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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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