News articles about Seritage Growth Properties (NYSE:SRG) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm rates the sentiment of 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 -1 to 1, with scores closest to one being the most favorable. Seritage Growth Properties earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.1038022680636 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Brokerages Expect Seritage Growth Properties (SRG) to Post $0.38 EPS (americanbankingnews.com)
- Zacks Investment Research Lowers Seritage Growth Properties (SRG) to Strong Sell (americanbankingnews.com)
- Director of Seritage Growth Properties (NYSE:SRG), Lombard Kenneth T, buys 575 shares worth $19,970 (empowerednews.net)
- Seritage Growth Properties (SRG) Director Kenneth T. Lombard Purchases 575 Shares (americanbankingnews.com)
- Q1 2018 EPS Estimates for Seritage Growth Properties (SRG) Cut by Boenning Scattergood (americanbankingnews.com)
Shares of SRG stock traded up $0.01 during trading hours on Friday, hitting $35.06. 359,660 shares of the company’s stock were exchanged, compared to its average volume of 499,581. The firm has a market capitalization of $1,293.50, a PE ratio of 23.85 and a beta of 1.03. Seritage Growth Properties has a 52 week low of $34.07 and a 52 week high of $50.00. The company has a quick ratio of 5.07, a current ratio of 5.07 and a debt-to-equity ratio of 1.02.
SRG has been the topic of several recent analyst reports. Boenning Scattergood set a $38.00 price target on shares of Seritage Growth Properties and gave the company a “sell” rating in a report on Friday, December 15th. Zacks Investment Research cut shares of Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, November 23rd.
In related news, major shareholder Bruce R. Berkowitz sold 99,700 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $40.99, for a total value of $4,086,703.00. Following the sale, the insider now owns 318,098 shares of the company’s stock, valued at approximately $13,038,837.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward S. Lampert acquired 77,638 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average cost of $36.17 per share, for a total transaction of $2,808,166.46. The disclosure for this purchase can be found here. Insiders have acquired 78,763 shares of company stock worth $2,848,239 over the last three months. 9.78% of the stock is owned by corporate insiders.
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.
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