Seritage Growth Properties (NYSE:SRG) Announces Quarterly Earnings Results

Seritage Growth Properties (NYSE:SRG) posted its earnings results on Monday. The financial services provider reported ($0.23) earnings per share for the quarter, Zacks reports. Seritage Growth Properties had a negative return on equity of 10.60% and a negative net margin of 618.09%.

Seritage Growth Properties Stock Down 2.0 %

SRG stock traded down $0.07 during midday trading on Monday, hitting $3.24. The company’s stock had a trading volume of 371,310 shares, compared to its average volume of 359,490. The company’s fifty day moving average price is $3.60 and its 200 day moving average price is $4.05. Seritage Growth Properties has a twelve month low of $3.12 and a twelve month high of $9.87. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick ratio of 8.10. The stock has a market capitalization of $182.03 million, a P/E ratio of -1.27 and a beta of 2.68.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.