Seritage Growth Properties (NYSE: SRG) Has Been Trading Down. What Are The Prospects For The Future?

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Seritage Growth Properties (NYSE:SRG) traded at $17.65 at close of the session on Friday, July 2, made a downward move of -3.13% on its previous day’s price.

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Looking at the stock we see that its previous close was $18.22 with the day’s price range being $17.57 – $18.30. In terms of its 52-week price range, SRG has a high of $24.04 and a low of $8.69. The company’s stock has lost about -5.11% over that past 30 days.

Seritage Growth Properties has a market cap of $779.07 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SRG stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Seritage Growth Properties (SRG) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -5.59% off its SMA20 and 0.28% from its 50-day simple moving average. The RSI (14) is pointing at 43.92 while the volatility over the past week is 4.35% and jumps to 3.91% over the past one month. The beta value is 2.19, while the average true range (ATR) is currently pointing at 0.78. The average price target for the stock over the next 12 months is $16.00, with the estimates having a low of $16.00 and a high of $16.00. These price ends are 9.35% and 9.35% off the current price level respectively, although investors could be excited at the prospect of a 9.35% if the SRG share price touches on the median price of $16.00.

Let’s briefly compare Seritage Growth Properties (SRG) stock to its peers. We find that current price change of -3.13% and 55.37% over the past 12 months for SRG competes that of Realty Income Corporation (O), which has seen its stock price rise 0.64% in the last trading session and was 10.44% over the last one year. Another of its peers Nam Tai Property Inc. (NTP) has dropped -5.49% previous session, and was 250.55% up over the past year, while New York Mortgage Trust Inc. (NYMT) was also down -1.11% in the last session, while its price remained in the green at 79.12% over the same period. . In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.75% and 0.44%, respectively, at close of the trading.

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Coming back to Seritage Growth Properties (NYSE:SRG), we note that the average 3-month trading volume was 327.77K. Current shares outstanding are 39.48 million.

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The insiders hold 8.50% of the company’s shares while institutions hold 64.90%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 20.23% up in year-to-date price movement.

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