Seritage Growth Properties (NYSE:SRG) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 15.1% in the past one-month time frame.
Shares rose after the company announced a joint venture partnership with Invesco Real Estate to own The Collection at UTC in La Jolla, California.
The company has seen a flat track record when it comes to estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Seritage Growth currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Finance sector is Pebblebrook Hotel Trust (NYSE:PEB) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Pebblebrook Hotel Trust (PEB): Free Stock Analysis Report
Seritage Growth Properties (SRG): Free Stock Analysis Report
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