Today, Seritage Growth Properties (SRG) Stock Rating Reaffirm by Boenning Scattergood

Today, Seritage Growth Properties (SRG) Stock Rating Reaffirm by Boenning Scattergood
Seritage Growth Properties (NYSE:SRG)‘s stock had its “underperform” rating reiterated by Boenning Scattergood in a note issued to investors on Tuesday.

Several other equities analysts also recently commented on the stock. Wells Fargo & Co. began coverage on shares of Seritage Growth Properties in a research note on Tuesday, October 25th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of Seritage Growth Properties from a “sell” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research note on Thursday, September 22nd. Royal Bank Of Canada began coverage on shares of Seritage Growth Properties in a research note on Tuesday, September 6th. They issued a “top pick” rating and a $72.00 price target for the company. Finally, RBC Capital Markets started coverage on shares of Seritage Growth Properties in a research note on Tuesday, September 6th. They issued a “top pick” rating and a $72.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $59.75.

Seritage Growth Properties (NYSE:SRG) opened at 47.72 on Tuesday. Seritage Growth Properties has a 1-year low of $34.24 and a 1-year high of $57.31. The stock’s market cap is $1.51 billion. The firm’s 50 day moving average price is $46.67 and its 200-day moving average price is $47.84.

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of Seritage Growth Properties by 87.8% in the third quarter. BNP Paribas Arbitrage SA now owns 2,690 shares of the company’s stock worth $136,000 after buying an additional 1,258 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Seritage Growth Properties during the second quarter worth approximately $150,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Seritage Growth Properties by 58.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,723 shares of the company’s stock worth $189,000 after buying an additional 1,371 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Seritage Growth Properties during the third quarter worth approximately $210,000. Finally, KBC Group NV purchased a new position in shares of Seritage Growth Properties during the third quarter worth approximately $587,000. Hedge funds and other institutional investors own 79.64% of the company’s stock.

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