Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Seritage Growth Properties (NYSE:SRG) by 44.4% during the first quarter, Holdings Channel reports. The fund owned 17,200 shares of the financial services provider’s stock after selling 13,708 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Seritage Growth Properties were worth $764,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Seritage Growth Properties by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,542 shares of the financial services provider’s stock worth $16,980,000 after acquiring an additional 79,575 shares during the last quarter. Knightsbridge Asset Management LLC grew its holdings in Seritage Growth Properties by 65.7% during the 4th quarter. Knightsbridge Asset Management LLC now owns 209,982 shares of the financial services provider’s stock worth $6,789,000 after acquiring an additional 83,289 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Seritage Growth Properties during the 4th quarter worth about $109,000. BlackRock Inc. grew its holdings in Seritage Growth Properties by 3.1% during the 4th quarter. BlackRock Inc. now owns 2,889,695 shares of the financial services provider’s stock worth $93,425,000 after acquiring an additional 87,046 shares during the last quarter. Finally, Zeke Capital Advisors LLC grew its holdings in Seritage Growth Properties by 43.2% during the 1st quarter. Zeke Capital Advisors LLC now owns 121,766 shares of the financial services provider’s stock worth $5,411,000 after acquiring an additional 36,715 shares during the last quarter.

Separately, ValuEngine raised shares of Seritage Growth Properties from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th.

Shares of NYSE:SRG opened at $41.20 on Tuesday. Seritage Growth Properties has a 12 month low of $30.60 and a 12 month high of $51.89. The company has a debt-to-equity ratio of 1.42, a current ratio of 7.62 and a quick ratio of 7.62.

Seritage Growth Properties (NYSE:SRG) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.23) EPS for the quarter. Seritage Growth Properties had a negative return on equity of 7.53% and a negative net margin of 44.31%. The company had revenue of $43.86 million for the quarter.

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About Seritage Growth Properties

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 206 wholly-owned properties and 26 joint venture properties totaling approximately 36.3 million square feet of space across 48 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

Further Reading: Understanding Specialty Certificates of Deposit

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

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