Seritage Growth Properties (NYSE:SRG) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Seritage Growth Properties (NYSE:SRG) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.27 and traded as low as $3.56. Seritage Growth Properties shares last traded at $3.59, with a volume of 128,418 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Seritage Growth Properties to a “sell” rating in a report on Thursday, October 24th.

Seritage Growth Properties Stock Up 0.4 %

The firm has a market capitalization of $201.72 million, a PE ratio of -1.41 and a beta of 2.57. The company has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $4.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10.

Seritage Growth Properties (NYSE:SRG) last issued its earnings results on Tuesday, November 12th. The financial services provider reported ($0.41) earnings per share for the quarter. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%. The firm had revenue of $3.25 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Seritage Growth Properties by 6.0% in the 4th quarter. Northern Trust Corp now owns 96,284 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 5,480 shares in the last quarter. American Century Companies Inc. raised its position in shares of Seritage Growth Properties by 9.8% in the 4th quarter. American Century Companies Inc. now owns 67,025 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 6,003 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Seritage Growth Properties in the 3rd quarter worth $30,000. Harbor Capital Advisors Inc. raised its position in shares of Seritage Growth Properties by 4.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 9,324 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Seritage Growth Properties in the 2nd quarter worth $48,000. 78.93% of the stock is owned by institutional investors.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.