The price of Seritage Growth Properties (NYSE:SRG) shares last traded on Wall Street rose 1.48% to $10.94.
SRG stock price is now -9.32% away from the 50-day moving average and 1.37% away from the 200-day moving average. The market capitalization of the company currently stands at $612.97M.
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In other news, LAMPERT EDWARD S, 10% Owner sold 120,462 shares of the company’s stock on Feb 06. The stock was sold for $1,518,074 at an average price of $12.60. Upon completion of the transaction, the 10% Owner now directly owns 15,079,538 shares in the company, valued at $164.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, 10% Owner LAMPERT EDWARD S sold 283,291 shares of the business’s stock. A total of $3,550,486 was realized by selling the stock at an average price of $12.53. This leaves the insider owning 15,200,000 shares of the company worth $166.29 million. Insiders disposed of 1,231,291 shares of company stock worth roughly $13.47 million over the past 1 year. A total of 28.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SRG stock. A new stake in Seritage Growth Properties shares was purchased by FOURWORLD CAPITAL MANAGEMENT LLC during the first quarter worth $18,488,000. GREENLAND CAPITAL MANAGEMENT LP invested $6,125,000 in shares of SRG during the first quarter. In the first quarter, BOOTHBAY FUND MANAGEMENT, LLC acquired a new stake in Seritage Growth Properties valued at approximately $5,043,000. CORBIN CAPITAL PARTNERS, L.P. acquired a new stake in SRG for approximately $4,813,000. LMR PARTNERS LLP purchased a new stake in SRG valued at around $1,006,000 in the second quarter. In total, there are 173 active investors with 48.40% ownership of the company’s stock.
A candlestick chart of Seritage Growth Properties (NYSE: SRG) showed a price of $10.77 on Tuesday morning. During the past 12 months, Seritage Growth Properties has had a low of $4.90 and a high of $14.52. The fifty day moving average price for SRG is $12.06 and a two-hundred day moving average price translates $10.79 for the stock.
The latest earnings results from Seritage Growth Properties (NYSE: SRG) was released for Sep, 2022. The net profit margin was -87.30% and return on equity was -15.90% for SRG. The company reported revenue of $23.5 million for the quarter, compared to $29.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.97 percent.
Moreover, the firm recently paid out its quarterly dividend on 04/11/2019. Investors who held shares on 03/29/2019 were paid a $0.25 dividend.
Seritage Growth Properties(SRG) Company Profile
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. The Company’s mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders.
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