Pearl River Capital LLC Has $112,000 Holdings in Seritage Growth Properties (SRG)

Pearl River Capital LLC boosted its stake in Seritage Growth Properties (NYSE:SRG) by 453.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,524 shares of the financial services provider’s stock after buying an additional 2,068 shares during the period. Pearl River Capital LLC’s holdings in Seritage Growth Properties were worth $112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Seritage Growth Properties in the first quarter worth $74,000. Quantamental Technologies LLC acquired a new stake in Seritage Growth Properties in the fourth quarter worth $109,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Seritage Growth Properties by 13.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,321 shares of the financial services provider’s stock worth $236,000 after buying an additional 650 shares during the period. Janney Capital Management LLC acquired a new stake in Seritage Growth Properties in the first quarter worth $253,000. Finally, Jane Street Group LLC acquired a new stake in Seritage Growth Properties in the fourth quarter worth $266,000.

Separately, ValuEngine raised Seritage Growth Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th.

NYSE:SRG opened at $45.31 on Friday. Seritage Growth Properties has a 1 year low of $30.60 and a 1 year high of $51.89. The company has a current ratio of 7.59, a quick ratio of 7.59 and a debt-to-equity ratio of 1.39.

Seritage Growth Properties (NYSE:SRG) last released its quarterly earnings results on Thursday, February 28th. The financial services provider reported ($1.57) earnings per share (EPS) for the quarter. Seritage Growth Properties had a negative return on equity of 7.36% and a negative net margin of 44.31%. The business had revenue of $55.11 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Friday, March 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.21%.

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Seritage Growth Properties Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 206 wholly-owned properties and 26 joint venture properties totaling approximately 36.3 million square feet of space across 48 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.

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Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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