Seritage Growth Properties (NYSE:SRG) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Seritage Growth Properties (NYSE:SRG) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.11 and traded as high as $4.16. Seritage Growth Properties shares last traded at $4.1450, with a volume of 108,827 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Seritage Growth Properties in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of Seritage Growth Properties from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Seritage Growth Properties Price Performance

The stock has a 50 day moving average of $4.11 and a two-hundred day moving average of $3.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 11.03 and a current ratio of 11.03. The firm has a market capitalization of $233.49 million, a P/E ratio of -2.61 and a beta of 2.38.

Seritage Growth Properties (NYSE:SRG) last announced its earnings results on Thursday, August 14th. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter. Seritage Growth Properties had a negative return on equity of 21.55% and a negative net margin of 497.67%.The company had revenue of $4.65 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SRG. Total Clarity Wealth Management Inc. acquired a new position in Seritage Growth Properties during the 3rd quarter worth $72,000. Beverly Hills Private Wealth LLC bought a new position in shares of Seritage Growth Properties in the third quarter worth about $72,000. Levin Capital Strategies L.P. acquired a new position in shares of Seritage Growth Properties during the 3rd quarter worth about $42,000. Towerview LLC boosted its stake in Seritage Growth Properties by 2.9% during the 3rd quarter. Towerview LLC now owns 700,000 shares of the financial services provider’s stock valued at $2,975,000 after purchasing an additional 20,000 shares during the period. Finally, Altfest L J & Co. Inc. grew its holdings in Seritage Growth Properties by 53.4% in the 3rd quarter. Altfest L J & Co. Inc. now owns 43,098 shares of the financial services provider’s stock valued at $183,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 78.93% of the company’s stock.

About Seritage Growth Properties

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.