|Bid||29.01 x 800|
|Ask||0.00 x 1300|
|Day's Range||44.29 - 45.24|
|52 Week Range||30.60 - 51.89|
|Beta (3Y Monthly)||2.13|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||1.00 (2.24%)|
|1y Target Est||43.00|
Seritage Growth Properties (SRG) is a real estate investment trust that was created in July 2015, when Sears Holdings (SHLDQ) spun off some of its properties. Warning! GuruFocus has detected 2 Warning Sign with SRG. The company's goal is quite straightforward: unlock the value of the real estate by renting the space previously occupied by Sears at higher rates to third-party tenants.
Seritage Growth Properties NYSE:SRGView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort 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 flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding SRG are favorable, with net inflows of $1.98 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS 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.
The former Sears store at the Park North Shopping Center may soon be getting a second life thanks to more than 123,000 square feet of new leases from Tru Fit Athletic Clubs, Bed Bath & Beyond and Buy Buy Baby, according to multiple sources. A recently submitted construction document to the Texas Department of Licensing and Regulation shows Tru Fit plans to spend $5 million to renovate 69,000 square feet at the former Sears store, which closed last summer. A property flyer on CBRE's website indicates that Tru Fit will lease closer to 63,000 square feet and share the ground floor with retailers Buy Buy Baby and its parent company, Bed Bath & Beyond.
Seritage Growth Properties is a self-administered, self-managed REIT engaged in the real estate property business through its investment in Seritage Growth Properties, L.P. It generates a majority of its revenue from tenants. The dividend yield of Seritage Growth Properties stocks is 2.27%. Warning! GuruFocus has detected 2 Warning Sign with SRG.
– Signed new leases totaling 3.1 million square feet at an average re-leasing multiple of 3.9x –
Seritage Growth Properties (SRG) announced today that its Board of Trustees has declared a cash dividend of $0.25 per Class A and Class C common share for the first quarter of 2019. The Company’s Board of Trustees does not currently expect to declare additional dividends on the Company’s Class A and Class C common shares for the remainder of 2019, based on its assessment of the Company’s investment opportunities and its expectations of taxable income for the year. The Company’s Board of Trustees will reevaluate this position at the end of 2019, as necessary, to ensure that the Company meets its distribution requirements as a REIT.
Seritage Growth Properties announced today that it will release its fourth quarter 2018 financial and operating results in a press release on Thursday, February 28, 2019, after the market close.
Seritage Growth Properties has submitted plans to redevelop the former Sears at the Town Center at Boca Raton mall into an open-air mall. The shuttered big box store and auto center at 5900 W. Glades Road currently totals 180,029 square feet. The Sears at Town Center closed in spring 2018 as the retailer shuttered dozens of stores across the nation.
NEW YORK, Feb. 07, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The narrative specifically provides for medical office, which is interesting considering who may be in talks to open there.
– Signed new leases totaling 3.1 million square feet, up 17% over 2017, at an average re-leasing multiple of 3.9x –
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.
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.