|Bid||40.79 x 100|
|Ask||40.84 x 600|
|Day's Range||40.70 - 41.05|
|52 Week Range||37.78 - 50.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.00 (2.43%)|
|1y Target Est||N/A|
Seritage has a much lower dividend yield than most REITs, but it has huge unappreciated opportunities to grow its rental income stream.
To improve productivity, Sears Holdings (SHLD) has been downsizing its store footprint by closing unprofitable stores as well as opening new smaller format stores. The company’s fiscal 3Q17 revenues were down 27% mostly due to store closures and reduction in comps (comparable store sales). In November 2017, the company had announced closures of another 45 Kmart stores and 18 Sears domestic stores.
Seritage Growth Properties gets most of its rent from Sears and Kmart. But the numerous store closures at both chains won't hurt Seritage as it works to increase its rental income and diversify its tenant base.
With the closing of 103 Sears and Kmart Stores in low-traffic venues, Eddie Lampert's salvage operation for Sears just got at least a little more challenging.
On the 11 January 2018, Seritage Growth Properties (NYSE:SRG) will be paying shareholders an upcoming dividend amount of $0.25 per share. However, investors must have bought the company’s stock beforeRead More...
Creating small-format Sears stores that focus on selling appliances and mattresses seems like a smart idea. But Sears waited way too long to move in this direction.
Dallas Midtown could begin taking shape in the next few years, with New York City-based Seritage Growth Properties (SRG) and Dallas-based KDC readying a 23-acre tract in North Texas for up to 1 million square feet of new office space. The office campus will span two Class A office towers and will be part of a much-larger corporate magnet, which will include a hotel, apartment communities, as well as entertainment and retail space. Upon completion, the mixed-use project will replace the vacant Sears department store near the high-profile intersection of Preston Road and LBJ Freeway in North Dallas.
Seritage Growth Properties broke ground on the Esplanade at Aventura, which will replace the Sears at the Aventura Mall. A Sears store will not be part of the Esplanade. Seritage is a REIT that acquired the Sears and Kmart real estate portfolio across the nation in 2015.
The big box Sears store at the Westfield Broward mall in Plantation could be redeveloped for multiple tenants, including restaurants and entertainment vendors. Seritage Growth Properties (SRG) owns the 17.8-acre site at 8000 W. Broward Blvd. as part of its acquisition of real estate from Sears and Kmart stores. The company has been looking to reposition many of those properties as both Sears and Kmart close or shrink their stores.
After another dreadful quarter, Sears Holdings' odds of long-term survival seem slimmer than ever. But that's not necessarily a problem for Sears real estate spinoff Seritage Growth Properties.
The New York-based real estate investment trust said it had funds from operations of $17.6 million, or 32 cents per share, in the period. Funds from operations is a closely watched measure in the REIT ...
When a significant portion of the market is shorting a stock and hopes that it will drop, would you have the courage to pitch it as a buy? Three students from the University of Florida did just that and they won a stock pitch competition with their buy pitch on Seritage Growth Properties.
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Seritage Growth Properties. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)
The 87-year-old Oracle of Omaha may be betting on Seritage Growth Properties' ability to find new, pricier tenants before Sears inevitably goes bankrupt.
Seritage Growth Pro shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
Don’t for a second think that Sears Holdings Corp (NASDAQ:SHLD) CEO Eddie Lampert is going to be the big loser when the department store’s retail operations eventually fade to black. “Not only has Lampert been personally financing Sears’ slow and painful decline, but he has also been profiting from it as well,” wrote Hoy. As Hoy pointed out in a previous article in March, the fact that Lampert has half of Sears’ secured debt is significant because it means he’ll be able to set the terms, to a certain extent, of Sears’ eventual bankruptcy.