Ingalls & Snyder LLC Has $7.79 Million Holdings in Seritage Growth Properties (SRG)

Ingalls & Snyder LLC raised its position in Seritage Growth Properties (NYSE:SRG) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,263 shares of the financial services provider’s stock after acquiring an additional 7,239 shares during the quarter. Ingalls & Snyder LLC owned approximately 0.47% of Seritage Growth Properties worth $7,789,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Seritage Growth Properties by 4.2% during the third quarter. Vanguard Group Inc. now owns 4,660,831 shares of the financial services provider’s stock valued at $221,342,000 after buying an additional 189,353 shares during the period. JPMorgan Chase & Co. boosted its stake in Seritage Growth Properties by 28.6% during the third quarter. JPMorgan Chase & Co. now owns 357,542 shares of the financial services provider’s stock worth $16,980,000 after acquiring an additional 79,575 shares in the last quarter. Teachers Advisors LLC boosted its stake in Seritage Growth Properties by 5.0% during the third quarter. Teachers Advisors LLC now owns 64,343 shares of the financial services provider’s stock worth $3,056,000 after acquiring an additional 3,060 shares in the last quarter. Knightsbridge Asset Management LLC boosted its stake in Seritage Growth Properties by 65.7% during the fourth quarter. Knightsbridge Asset Management LLC now owns 209,982 shares of the financial services provider’s stock worth $6,789,000 after acquiring an additional 83,289 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Seritage Growth Properties during the fourth quarter worth about $109,000.

NYSE:SRG traded down $0.40 during mid-day trading on Thursday, hitting $45.37. 122,044 shares of the company’s stock were exchanged, compared to its average volume of 289,152. Seritage Growth Properties has a one year low of $30.60 and a one year high of $51.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 7.59 and a quick ratio of 7.59. The firm has a market capitalization of $1.69 billion, a P/E ratio of 160.64 and a beta of 1.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Friday, March 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, March 28th.

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

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Seritage Growth Properties Company 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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