Stratus Properties (NASDAQ:STRS) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRS) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Stratus Properties Trading Up 0.6 %

NASDAQ STRS opened at $27.99 on Thursday. Stratus Properties has a 12 month low of $20.30 and a 12 month high of $30.66. The stock has a market cap of $226.16 million, a P/E ratio of -47.44 and a beta of 1.12. The stock’s fifty day moving average price is $25.04 and its 200-day moving average price is $23.83. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56.

Stratus Properties (NASDAQ:STRS) last released its earnings results on Tuesday, May 14th. The financial services provider reported $0.56 EPS for the quarter. The firm had revenue of $26.51 million for the quarter. Stratus Properties had a negative return on equity of 1.50% and a negative net margin of 11.73%.

Insider Activity

In other news, major shareholder Oasis Management Co Ltd. sold 1,041 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $28.53, for a total transaction of $29,699.73. Following the transaction, the insider now directly owns 1,157,385 shares of the company’s stock, valued at $33,020,194.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of Stratus Properties by 75.4% during the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,226 shares in the last quarter. Roanoke Asset Management Corp NY bought a new position in Stratus Properties in the fourth quarter valued at about $202,000. Price T Rowe Associates Inc. MD lifted its holdings in Stratus Properties by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 525 shares during the period. Pallas Capital Advisors LLC bought a new position in Stratus Properties in the fourth quarter valued at about $577,000. Finally, Tectonic Advisors LLC lifted its holdings in Stratus Properties by 7.9% in the fourth quarter. Tectonic Advisors LLC now owns 36,198 shares of the financial services provider’s stock valued at $1,045,000 after acquiring an additional 2,639 shares during the period. 61.63% of the stock is owned by institutional investors.

About Stratus Properties

Stratus Properties Inc, a real estate company, engages in the entitlement, development, management, leasing, and sale of multi and single family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.