Seritage Growth Properties (SRG) Given News Impact Score of 0.16

News headlines about Seritage Growth Properties (NYSE:SRG) have trended somewhat positive on Monday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Seritage Growth Properties earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.4029255686848 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Seritage Growth Properties (NYSE:SRG) traded down 0.70% during trading on Monday, hitting $46.49. 110,434 shares of the stock traded hands. The firm has a 50-day moving average price of $47.38 and a 200 day moving average price of $43.82. Seritage Growth Properties has a 12 month low of $38.49 and a 12 month high of $51.88. The firm’s market cap is $1.58 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.14%. Seritage Growth Properties’s dividend payout ratio is presently -42.19%.

Several equities analysts have recently issued reports on SRG shares. Zacks Investment Research upgraded shares of Seritage Growth Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $48.00 target price on shares of Seritage Growth Properties in a report on Monday, May 15th. BidaskClub upgraded shares of Seritage Growth Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Boenning Scattergood set a $38.00 target price on shares of Seritage Growth Properties and gave the company a “sell” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.33.

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About Seritage Growth Properties

Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust. The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. Its assets are held by and its operations are primarily conducted through, directly or indirectly, Seritage Growth Properties, L.P.

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