Boston Partners trimmed its holdings in Seritage Growth Properties (NYSE:SRG) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,050 shares of the financial services provider’s stock after selling 7,050 shares during the period. Boston Partners owned about 0.25% of Seritage Growth Properties worth $3,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. First Manhattan Co. grew its stake in Seritage Growth Properties by 0.5% in the second quarter. First Manhattan Co. now owns 14,125 shares of the financial services provider’s stock valued at $592,000 after acquiring an additional 75 shares during the period. Rhumbline Advisers boosted its position in shares of Seritage Growth Properties by 1.9% during the second quarter. Rhumbline Advisers now owns 31,400 shares of the financial services provider’s stock worth $1,317,000 after buying an additional 577 shares during the period. Legal & General Group Plc boosted its position in shares of Seritage Growth Properties by 1.5% during the second quarter. Legal & General Group Plc now owns 61,793 shares of the financial services provider’s stock worth $2,592,000 after buying an additional 937 shares during the period. Alliancebernstein L.P. boosted its position in shares of Seritage Growth Properties by 2.1% during the second quarter. Alliancebernstein L.P. now owns 48,319 shares of the financial services provider’s stock worth $2,027,000 after buying an additional 971 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Seritage Growth Properties by 2.9% during the first quarter. Teachers Advisors LLC now owns 42,722 shares of the financial services provider’s stock worth $1,843,000 after buying an additional 1,198 shares during the period. 74.98% of the stock is owned by hedge funds and other institutional investors.

Seritage Growth Properties (NYSE SRG) opened at $41.08 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $1,453.66, a PE ratio of 22.82 and a beta of 1.06. Seritage Growth Properties has a 52-week low of $38.49 and a 52-week high of $50.00.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. Seritage Growth Properties’s dividend payout ratio is currently -71.94%.

Several research analysts have recently weighed in on the company. BidaskClub raised Seritage Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Seritage Growth Properties from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Saturday, August 12th. Finally, Boenning Scattergood set a $38.00 price objective on Seritage Growth Properties and gave the stock a “sell” rating in a research report on Tuesday, October 17th.

In related news, Director Salle Benoit La purchased 23,400 shares of Seritage Growth Properties stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of $1.60 per share, with a total value of $37,440.00. Also, major shareholder Bruce R. Berkowitz sold 27,100 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $40.93, for a total value of $1,109,203.00. Following the transaction, 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. Insiders have bought 110,750 shares of company stock valued at $187,062 over the last ninety days. 9.78% of the stock is owned by insiders.

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Seritage Growth Properties Company 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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