Professional
Added to YB: 2025-01-17
Pitch date: 2025-01-16
SEG [bullish]
Seaport Entertainment Group Inc.
+1.19%
current return
Author Info
No bio for this author
Company Info
Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas.
Market Cap
$346.5M
Pitch Price
$26.80
Price Target
55.00 (+103%)
Dividend
N/A
EV/EBITDA
-7.06
P/E
-2.67
EV/Sales
2.62
Sector
Real Estate Management and Development
Category
turnaround
Plural Partners Fund Portfolio Holding: Seaport Entertainment Group Inc.
SEG: Spun out of Howard Hughes, $340M mkt cap, net cash. Mgmt improving key properties: Pier 17 (rooftop enclosed, ground floor redeveloped, office space leased) & Tin Building (consolidating ops). $27/shr now, $55/shr 3-yr target. Lower Manhattan neighborhood appreciation potential.
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