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.
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.
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.
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.