|Bid||38.93 x 800|
|Ask||38.95 x 1100|
|Day's Range||37.52 - 39.12|
|52 Week Range||30.60 - 51.89|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||1.00 (2.63%)|
|1y Target Est||43.00|
Sears and Kmart may not have a long-term future, but that's OK for PREIT and Seritage Growth Properties, as long as the struggling retail chains can limp on for another two years or so.
and his hedge fund ESL Investments Inc. over a series of deals carried out under his leadership that creditors say stripped the best assets out of the company and contributed to its demise. Sears reached the sale deal in a multiday auction that concluded on Wednesday, with the company saying Thursday ESL’s $5.2 billion offer to retain control of Sears and keep about 400 stores open was declared the winner.
Sears says ESL Investments is the winning bidder in the company's bankruptcy auction. Subject to court approval, ESL will acquire substantially all of Sears' remaining assets, which includes 425 stores, for about $5.2 billion. Sears SHLDQ said Thursday that Chairman Eddie Lampert's hedge fund, ESL Investments, is the winning bidder in the company's bankruptcy auction, keeping the company alive.
# Seritage Growth Properties ### NYSE:SRG View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high ## Bearish sentiment Short interest | Negative Short interest is extremely high for SRG with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting SRG. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding SRG totaled $450 million. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders Read More...
During the first half of the fourth quarter the Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by about 4 percentage points as investors worried over the possible ramifications of rising interest rates. The hedge funds and institutional investors we track typically invest more in smaller-cap stocks than an average investor (i.e. […]
Howard Hughes Corp. now controls the 51-acre Landmark Mall property in its entirety. “We now control the whole site,” Bulmash told the audience at Alexandria's Cameron Station. Now we’re in to replan the site.” This does not appear to be a sale, but rather a partnership between Dallas-based Howard Hughes and Seritage Growth Properties (NYSE: SRG), owner of the Sears store at Landmark.
A giant turkey vulture, weighing roughly 30 pounds, and with a wingspan measured in yards, waited patiently for cars to pass before swooping in and feasting on the carcass. Sears Holdings (OTCMKTS:SHLDQ) is a squirrel. Care to be a turkey vulture in Sears stock? Sears filed for bankruptcy on Oct. 15, but you can still trade the stock.
Succeeding in traditional retail is harder than ever because of the internet, and smaller malls are struggling. Many have closed across the country or are being partially converted into offices and other uses.
NEW YORK, Nov. 07, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The Sears Holdings real estate spinoff posted a sharp decline in profitability for the third quarter, and things will get worse before they get better.
The New York-based company said it had a loss of 66 cents per share. The real estate investment trust posted revenue of $56.6 million in the period. Seritage Growth Properties shares have declined almost ...
The deals, including separations of Sears' businesses and real estate, may come under examination in bankruptcy proceedings, with creditors claiming the transactions stripped the retailer of valuable assets. Billionaire Lampert is the largest shareholder and creditor of Sears through his hedge fund, ESL Investments Inc.
Seritage Growth Properties announced today that it will release its third quarter 2018 financial and operating results in a press release on Thursday, November 1, 2018, after the market close.
Seritage Growth Properties announced today that its Board of Trustees declared a cash dividend of $0.25 per Class A and Class C common share for the fourth quarter of 2018.
Seritage Growth Properties will face some short-term pain if primary tenant Sears Holdings rejects its master lease with the REIT. But that pain could pave the way for long-term gains.
Sears filed for Chapter 11 bankruptcy protection in White Plains, New York earlier on Monday with a plan to close about 142 of its 700 stores by year-end and sell its best-performing stores in an auction in January to a buyer that will keep them operational. The bankruptcy filing by the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Eddie Lampert in an attempt to turn around the company he acquired in 2005 for $11 billion. Lampert, who stepped down as Sears CEO on Monday but will remain chairman, had pledged to restore Sears to its glory days, when it owned the tallest building in the world and companies that included a radio station and Allstate insurance.
Seritage Growth Properties (SRG) (the “Company”) today provided a business update related to the recent announcement by Sears Holdings Corporation (“Sears Holdings”) that Sears Holdings has filed for Chapter 11 bankruptcy protection. “All of our capital investment, leasing and development activity over the last three years is unlocking substantial value, and has significantly diversified our income stream with approximately 70% of our signed leased income now coming from diversified, non-Sears tenants,” said Benjamin Schall, President and Chief Executive Officer. “We have $1 billion of cash and committed capital under our Term Loan facility, which provides us the funds to complete all of our on-going redevelopment projects and cover reductions in cash flow that may result from the potential disruption in Sears income.
Sears Holding Corp. (NASDAQ: SHLD) is preparing a bankruptcy filing, according to multiple media reports, and depending on how that goes it could leave multiple big-box retail stores vacant around the Phoenix area. The newspaper also reported some of Sears’ largest lenders are asking the company to liquidate rather than reorganize. Edward Lampert, Sears’ CEO, largest shareholder and largest creditor, is reportedly also looking for an out-of-court reorganization that would keep the company running but would mean closing a number of stores, selling off some brands and getting rid of more than $1 billion worth of real estate. No matter what path Sears management decides to take, there is a chance some, if not all, of the five remaining Sears stores around the Valley could shutter.