SRG - Seritage Growth Properties

NYSE - NYSE Delayed Price. Currency in USD
44.43
-0.57 (-1.27%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close45.00
Open44.90
Bid29.01 x 800
Ask0.00 x 1300
Day's Range44.29 - 45.24
52 Week Range30.60 - 51.89
Volume295,999
Avg. Volume316,406
Market Cap2.479B
Beta (3Y Monthly)2.13
PE Ratio (TTM)N/A
EPS (TTM)-2.20
Earnings DateMay 1, 2019 - May 6, 2019
Forward Dividend & Yield1.00 (2.24%)
Ex-Dividend Date2019-03-28
1y Target Est43.00
Trade prices are not sourced from all markets
  • GuruFocus.com9 days ago

    Seritage Is Closer to Breakeven

    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.

  • Markit11 days ago

    See what the IHS Markit Score report has to say about Seritage Growth Properties.

    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 score@ihsmarkit.com.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.

  • Three retailers may be taking over former North Park Sears
    American City Business Journals15 days ago

    Three retailers may be taking over former North Park Sears

    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: Earnings Pressure Hasn't Peaked Yet
    Motley Fool18 days ago

    Seritage Growth Properties: Earnings Pressure Hasn't Peaked Yet

    The Sears real estate spinoff hasn't yet felt the full impact of Sears' bankruptcy filing.

  • GuruFocus.com21 days ago

    Seritage Growth Properties (SRG) Files 10-K for the Fiscal Year Ended on December 31, 2018

    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.

  • Business Wire22 days ago

    Seritage Growth Properties Reports Fourth Quarter and Full Year 2018 Operating Results

    – Signed new leases totaling 3.1 million square feet at an average re-leasing multiple of 3.9x –

  • Seritage Growth Properties Will Suspend Its Dividend
    Motley Fool24 days ago

    Seritage Growth Properties Will Suspend Its Dividend

    The REIT needs to preserve capital for now so it can fund redevelopment projects.

  • Business Wire25 days ago

    Seritage Growth Properties Announces First Quarter 2019 Dividend for Common and Preferred Shares

    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.

  • Business Wirelast month

    Seritage Growth Properties Announces Fourth Quarter 2018 Earnings Release Date

    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.

  • American City Business Journalslast month

    Redevelopment plan revealed for former Sears at Boca Raton mall

    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.

  • Sears Will Stumble On
    Motley Foollast month

    Sears Will Stumble On

    The once-mighty retailer will stay in business for now, but it still has poor prospects for long-term survival.

  • GlobeNewswirelast month

    Market Trends Toward New Normal in IHS Markit, KB Home, Insulet, Booking, Diebold Nixdorf, and Seritage Growth Properties — Emerging Consolidated Expectations, Analyst Ratings

    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,.

  • Landmark latest: Phasing for the mall redo, top heights and the team
    American City Business Journalslast month

    Landmark latest: Phasing for the mall redo, top heights and the team

    The narrative specifically provides for medical office, which is interesting considering who may be in talks to open there.

  • Seritage Growth Properties Is Quickly Fixing Its Sears Problem
    Motley Fool2 months ago

    Seritage Growth Properties Is Quickly Fixing Its Sears Problem

    The steep downtrend in Seritage Growth Properties' earnings power is on track to reverse later this year.

  • Business Wire2 months ago

    Seritage Growth Properties Reports Increased Leasing, Development and Transaction Activity in 2018

    – Signed new leases totaling 3.1 million square feet, up 17% over 2017, at an average re-leasing multiple of 3.9x –

  • Eddie Lampert's Sears Rescue Is Good News for These 2 REITs
    Motley Fool2 months ago

    Eddie Lampert's Sears Rescue Is Good News for These 2 REITs

    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.

  • The Wall Street Journal2 months ago

    [$$] Sears and Its Creditors Can Sue Lampert, ESL Over Past Deals

    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.

  • CNBC2 months ago

    Sears announces Lampert's hedge fund, ESL, as winning bid in bankruptcy court auction

    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.

  • How Much Are Seritage Growth Properties (NYSE:SRG) Insiders Spending On Buying Shares?
    Simply Wall St.3 months ago

    How Much Are Seritage Growth Properties (NYSE:SRG) Insiders Spending On Buying Shares?

    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...

  • Is Seritage Growth Properties (SRG) Going to Burn These Hedge Funds?
    Insider Monkey3 months ago

    Is Seritage Growth Properties (SRG) Going to Burn These Hedge Funds?

    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. […]

  • 3 Stocks for Warren Buffett Fans
    Motley Fool4 months ago

    3 Stocks for Warren Buffett Fans

    Getting into the Warren Buffett mindset isn't easy, but when you dig into his approach, you can find some great long-term holdings.

  • Landmark Mall is now under one company's control
    American City Business Journals4 months ago

    Landmark Mall is now under one company's control

    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.

  • InvestorPlace4 months ago

    Is There Life After Death for Sears Stock?

    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.