|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's range||11.63 - 12.18|
|52-week range||4.90 - 17.12|
|Beta (5Y monthly)||2.85|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Mar 2019|
|1y target est||N/A|
After doubling so far in July, Seritage Growth Properties stock could potentially double again over the next two or three years.
Shares of Seritage Growth Properties (NYSE: SRG) soared 80% on Friday after the property developer said it would seek the approval of its shareholders to sell its real estate holdings. Seritage's board of trustees has been conducting a strategic review of its assets to maximize shareowner value. As part of those efforts, the board is recommending that shareholders vote during its annual meeting to allow Seritage to sell all its properties and distribute the proceeds to investors.
The stock market has held its own this week, but Friday morning seemed likely to bring a lower open to the trading session. As of 8:45 a.m. ET, futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI) had fallen 51 points to 31,316. S&P 500 (SNPINDEX: ^GSPC) futures had given up 19 points to 3,886, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had dropped 112 points to 12,026.