Seritage Growth Properties (SRG) was Initiated by RBC Capital Mkts to “Top Pick” and the brokerage firm has set the Price Target at $72. RBC Capital Mkts advised their investors in a research report released on Sep 6, 2016.
Investors should note that on Aug 2, 2016, Seritage Growth Properties announced a cash dividend of $0.2500. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 13, 2016.
In a different news, on May 26, 2016, John Mcclain (director) purchased 200 shares at $43.41 per share price.
Seritage Growth Properties is a real estate investment trust (REIT). The Company conducts its operations through Seritage Growth Properties L.P. a Delaware limited partnership. The Company’s principal offices are located at 3333 Beverly Road Hoffman Estates and Illinois 60179. As of March 31 2015 the Company did not generate any revenue.