Eagle Asset Management Inc. boosted its position in shares of Seritage Growth Properties (NYSE:SRG) by 38.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,331,200 shares of the financial services provider’s stock after buying an additional 366,325 shares during the period. Eagle Asset Management Inc. owned about 3.92% of Seritage Growth Properties worth $55,843,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Micawber Capital LLC raised its stake in shares of Seritage Growth Properties by 11.6% in the second quarter. Micawber Capital LLC now owns 69,865 shares of the financial services provider’s stock worth $2,931,000 after buying an additional 7,278 shares during the period. IndexIQ Advisors LLC raised its stake in shares of Seritage Growth Properties by 11.7% in the second quarter. IndexIQ Advisors LLC now owns 30,083 shares of the financial services provider’s stock worth $1,262,000 after buying an additional 3,140 shares during the period. Royce & Associates LP purchased a new stake in shares of Seritage Growth Properties during the second quarter worth $1,468,000. Blair William & Co. IL purchased a new stake in shares of Seritage Growth Properties during the second quarter worth $346,000. Finally, Candlewood Investment Group LP raised its stake in shares of Seritage Growth Properties by 3.3% in the second quarter. Candlewood Investment Group LP now owns 155,000 shares of the financial services provider’s stock worth $6,502,000 after buying an additional 5,000 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Shares of Seritage Growth Properties (SRG) opened at 48.06 on Friday. The firm’s 50-day moving average price is $47.19 and its 200-day moving average price is $43.73. Seritage Growth Properties has a 12 month low of $38.49 and a 12 month high of $51.88. The company’s market capitalization is $1.63 billion.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. Seritage Growth Properties’s dividend payout ratio is currently -42.19%.

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A number of brokerages have weighed in on SRG. Zacks Investment Research raised Seritage Growth Properties from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Saturday, August 12th. BidaskClub raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Boenning Scattergood set a $38.00 target price on Seritage Growth Properties and gave the company a “sell” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 target price on shares of Seritage Growth Properties in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.33.

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.

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

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