A significant driver of top-line growth: Seritage Growth Properties (SRG)

Seritage Growth Properties (NYSE: SRG) stock fell -5.77% on Friday to $9.47 against a previous-day closing price of $10.05. With 1.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.15 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $10.17 whereas the lowest price it dropped to was $9.26. The 52-week range on SRG shows that it touched its highest point at $17.12 and its lowest point at $4.90 during that stretch. Beta for the stock currently stands at 2.79.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SRG was down-trending over the past week, with a drop of -21.02%, but this was down by -26.99% over a month. Three-month performance surged to 67.91% while six-month performance fell -21.74%. The stock lost -39.91% in the past year, while it has lost -28.64% so far this year.

Float and Shares Shorts:

At present, 43.68 million SRG shares are outstanding with a float of 36.13 million shares on hand for trading. On Jul 14, 2022, short shares totaled 8.11 million, which was 14.47% higher than short shares on Jun 14, 2022. In addition to Ms. Andrea L. Olshan as the firm’s CEO, Pres & Director, Mr. Eric Dinenberg serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 58.13% of SRG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.40% of SRG, in contrast to 22.79% held by mutual funds. Shares owned by individuals account for 19.40%. As the largest shareholder in SRG with 10.03% of the stake, Hotchkis & Wiley Capital Manageme holds 5,621,204 shares worth 5,621,204. A second-largest stockholder of SRG, The Vanguard Group, Inc., holds 3,933,164 shares, controlling over 7.02% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SRG, holding 2,687,171 shares or 4.80% stake. With a 3.11% stake in SRG, the Hotchkis & Wiley Small Cap Value is the largest stakeholder. A total of 1,743,500 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 2.16% of SRG stock, is the second-largest Mutual Fund holder. It holds 1,208,337 shares valued at 15.15 million. American Beacon Small Cap Value F holds 1.90% of the stake in SRG, owning 1,062,963 shares worth 13.33 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SRG since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SRG analysts setting a high price target of $16.00 and a low target of $16.00, the average target price over the next 12 months is $16.00. Based on these targets, SRG could surge 68.95% to reach the target high and rise by 68.95% to reach the target low. Reaching the average price target will result in a growth of 68.95% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SRG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 245,869 while 0 shares were sold.

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