|Bid||15.03 x 800|
|Ask||15.09 x 900|
|Day's Range||14.96 - 15.51|
|52 Week Range||11.08 - 24.04|
|Beta (5Y Monthly)||2.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2021 - Nov 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 28, 2019|
|1y Target Est||N/A|
There's a ton of execution risk, but this real estate stock could be a home run if things go well.
Seritage Growth Properties (NYSE: SRG) is a rather unique REIT (real estate investment trust). Rather than focusing on generating income, Seritage's goal is to redevelop a portfolio of money-losing properties into premier retail assets, creating value for shareholders in the process. In this Fool Live video clip, recorded on Sept. 3, Millionacres senior real estate analyst Matt Frankel, CFP, discusses why he's a shareholder and what investors should keep in mind.
The company is out from under Sears and Kmart, but it still has a lot of work to do. Here's what you need to know.