Stock Traders Purchase High Volume of Seritage Growth Properties Call Options (SRG)

Seritage Growth Properties (NYSE:SRG) saw unusually large options trading activity on Monday. Investors bought 765 call options on the company. This represents an increase of approximately 1,175% compared to the average daily volume of 60 call options.

Shares of Seritage Growth Properties stock opened at $45.19 on Tuesday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 158.71 and a beta of 1.67. The company has a quick ratio of 7.59, a current ratio of 7.59 and a debt-to-equity ratio of 1.39. Seritage Growth Properties has a one year low of $30.60 and a one year high of $51.89.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Friday, March 29th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%.

A number of institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its position in Seritage Growth Properties by 2.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 17,530 shares of the financial services provider’s stock worth $567,000 after buying an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Seritage Growth Properties by 8.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,963 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 665 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Seritage Growth Properties by 3.4% in the 4th quarter. Hsbc Holdings PLC now owns 20,122 shares of the financial services provider’s stock valued at $650,000 after purchasing an additional 669 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Seritage Growth Properties by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 200,569 shares of the financial services provider’s stock valued at $6,484,000 after purchasing an additional 993 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Seritage Growth Properties by 3.9% in the 3rd quarter. Swiss National Bank now owns 58,438 shares of the financial services provider’s stock valued at $2,775,000 after purchasing an additional 2,200 shares in the last quarter.

Separately, ValuEngine downgraded shares of Seritage Growth Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd.

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About Seritage Growth Properties

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 206 wholly-owned properties and 26 joint venture properties totaling approximately 36.3 million square feet of space across 48 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

Further Reading: What is Net Asset Value (NAV)?

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