Seritage Growth Properties (NYSE:SRG) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Seritage Growth Properties (NYSE:SRG)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.27 and traded as low as $3.56. Seritage Growth Properties shares last traded at $3.59, with a volume of 128,418 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Seritage Growth Properties to a “sell” rating in a report on Thursday, October 24th.

Seritage Growth Properties Trading Up 0.4 %

The stock has a market cap of $201.72 million, a PE ratio of -1.41 and a beta of 2.57. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10. The stock has a fifty day moving average price of $3.95 and a 200 day moving average price of $4.27.

Seritage Growth Properties (NYSE:SRG) last announced its earnings results on Tuesday, November 12th. The financial services provider reported ($0.41) EPS for the quarter. The company had revenue of $3.25 million during the quarter. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%.

Hedge Funds Weigh In On Seritage Growth Properties

A number of institutional investors and hedge funds have recently modified their holdings of SRG. AQR Capital Management LLC purchased a new position in Seritage Growth Properties during the 2nd quarter valued at $48,000. nVerses Capital LLC purchased a new position in Seritage Growth Properties during the 3rd quarter valued at $30,000. Harbor Capital Advisors Inc. boosted its holdings in Seritage Growth Properties by 96.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 231,273 shares of the financial services provider’s stock valued at $1,075,000 after acquiring an additional 113,488 shares during the period. Littlejohn & Co. LLC boosted its holdings in Seritage Growth Properties by 11.7% during the 3rd quarter. Littlejohn & Co. LLC now owns 931,122 shares of the financial services provider’s stock valued at $4,330,000 after acquiring an additional 97,211 shares during the period. Finally, Bank of Montreal Can purchased a new position in Seritage Growth Properties during the 3rd quarter valued at $4,640,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.

About Seritage Growth Properties

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.