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.
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%.
COPYRIGHT VIOLATION NOTICE: This story was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/05/10/pearl-river-capital-llc-has-112000-holdings-in-seritage-growth-properties-srg.html.
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.
Further Reading: How is the S&P 500 index different from the DJIA?
Want to see what other hedge funds are holding SRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seritage Growth Properties (NYSE:SRG).
Receive News & Ratings for Seritage Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seritage Growth Properties and related companies with MarketBeat.com's FREE daily email newsletter.