Continued Level of Significant Insider Selling at Seritage Growth Properties (SRG)

Monday, January 29, 2018 10:15 PM ET

Continued Level of Significant Insider Selling at Seritage Growth Properties (SRG)

An insider sold 99,700 shares of Seritage Growth Properties having a market value of approximately $4,086,703 today, as disclosed in a form 4 document filed with the SEC. There was one insider who had both a buy and a sell transaction in the past 90 days prior to this transaction which resulted in the net sale of 528,800 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 628,500 shares and have averaged 557,650 shares per transaction over this time period.

Insider buy/sell trading at Seritage Growth Properties is above the 48 peer company average over the last 90-day period. The Commercial REITs peer group saw 63 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Seritage Growth Properties insiders was also higher. Within the peer group there were 532,246 shares purchased and 981,146 shares sold with company insiders selling 7,125 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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