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%.
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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