Saturday, November 28, 2020

RBC Capital Mkts lifts Seritage Growth Properties [SRG] price estimate. Who else is bullish?

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Seritage Growth Properties [NYSE: SRG] plunged by -$4.86 during the normal trading session on Tuesday and reaching a high of $20.82 during the day while it closed the day at $16.38. Seritage Growth Properties stock has also gained 91.36% of its value over the past 7 days. However, SRG stock has declined by -43.13% in the 3 months of the year. Over the past six months meanwhile, it has lost -60.20% and lost -59.13% year-on date.

The market cap for SRG stock reached $609.86 million, with 37.23 million shares outstanding and 34.32 million shares in the current float. Compared to the average trading volume of 1.86M shares, SRG reached a trading volume of 3472955 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here’s what leading stock market gurus have to say about Seritage Growth Properties [SRG]:

RBC Capital Mkts have made an estimate for Seritage Growth Properties shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on April 15, 2020.

The Average True Range (ATR) for Seritage Growth Properties is set at 2.08, with the Price to Sales ratio for SRG stock in the period of the last 12 months amounting to 3.86. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 2.60.

SRG stock trade performance evaluation

Seritage Growth Properties [SRG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 91.36. With this latest performance, SRG shares gained by 100.74% in over the last four-week period, additionally sinking by -60.20% over the last 6 months – not to mention a drop of -59.75% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SRG stock in for the last two-week period is set at 64.36, with the RSI for the last a single of trading hit 65.69, and the three-weeks RSI is set at 60.32 for Seritage Growth Properties [SRG]. The present Moving Average for the last 50 days of trading for this stock 9.23, while it was recorded at 15.09 for the last single week of trading, and 30.83 for the last 200 days.

Seritage Growth Properties [SRG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Seritage Growth Properties [SRG] shares currently have an operating margin of -89.42 and a Gross Margin at -9.91. Seritage Growth Properties’s Net Margin is presently recorded at -35.33.

Return on Total Capital for SRG is now -5.58, given the latest momentum, and Return on Invested Capital for the company is -2.52. Return on Equity for this stock declined to -7.86, with Return on Assets sitting at -2.11. When it comes to the capital structure of this company, Seritage Growth Properties [SRG] has a Total Debt to Total Equity ratio set at 218.55. Additionally, SRG Total Debt to Total Capital is recorded at 68.61, with Total Debt to Total Assets ending up at 58.11. Long-Term Debt to Equity for the company is recorded at 218.55, with the Long-Term Debt to Total Capital now at 68.61.

Reflecting on the efficiency of the workforce at the company, Seritage Growth Properties [SRG] managed to generate an average of -$771,390 per employee. Receivables Turnover for the company is 3.68 with a Total Asset Turnover recorded at a value of 0.06.

Seritage Growth Properties [SRG]: Insider Ownership positions

There are presently around $765 million, or 97.60% of SRG stock, in the hands of institutional investors. The top three institutional holders of SRG stocks are: VANGUARD GROUP INC with ownership of 4,617,624, which is approximately -2.317% of the company’s market cap and around 6.10% of the total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 4,339,450 shares of the stock with an approximate value of $92.17 million in SRG stocks shares; and EDGEPOINT INVESTMENT GROUP INC., currently with $90.25 million in SRG stock with ownership of nearly -12.02% of the company’s market capitalization.

Positions in Seritage Growth Properties stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 73 institutional holders increased their position in Seritage Growth Properties [NYSE:SRG] by around 3,406,446 shares. Additionally, 70 investors decreased positions by around 6,414,839 shares, while 15 investors held positions by with 26,199,495 shares. The mentioned changes placed institutional holdings at 36,020,780 shares, according to the latest SEC report filing. SRG stock had 24 new institutional investments in for a total of 1,061,454 shares, while 30 institutional investors sold positions of 2,976,796 shares during the same period.

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