Stratus Properties (NASDAQ:STRS) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Stratus Properties (NASDAQ:STRS) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the financial services provider’s stock.

Stratus Properties Stock Down 4.0 %

Shares of STRS stock opened at $19.39 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. Stratus Properties has a twelve month low of $15.10 and a twelve month high of $30.66. The stock has a 50 day moving average of $17.88 and a 200 day moving average of $20.45. The stock has a market cap of $156.54 million, a P/E ratio of 138.50 and a beta of 1.15.

Stratus Properties (NASDAQ:STRS) last posted its earnings results on Friday, March 28th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $10.30 million during the quarter. Stratus Properties had a net margin of 3.33% and a return on equity of 0.54%.

Hedge Funds Weigh In On Stratus Properties

Several institutional investors and hedge funds have recently modified their holdings of STRS. Tectonic Advisors LLC boosted its position in Stratus Properties by 18.8% during the first quarter. Tectonic Advisors LLC now owns 54,325 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 8,609 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Stratus Properties by 49.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 57,872 shares of the financial services provider’s stock worth $1,027,000 after buying an additional 19,122 shares during the period. GAMMA Investing LLC lifted its position in shares of Stratus Properties by 12,071.4% during the 1st quarter. GAMMA Investing LLC now owns 3,408 shares of the financial services provider’s stock valued at $60,000 after buying an additional 3,380 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in Stratus Properties in the 4th quarter valued at $390,000. Finally, Bank of America Corp DE increased its holdings in Stratus Properties by 8.2% in the 4th quarter. Bank of America Corp DE now owns 22,004 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 1,670 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

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.