Chardan Capital Upgrades Stratus Properties (NASDAQ:STRS) to Buy

Chardan Capital upgraded shares of Stratus Properties (NASDAQ:STRS) from a neutral rating to a buy rating in a report published on Monday, January 8th.

Shares of Stratus Properties (NASDAQ STRS) traded up $0.05 during mid-day trading on Monday, reaching $30.95. The company’s stock had a trading volume of 4,400 shares, compared to its average volume of 10,289. Stratus Properties has a one year low of $24.35 and a one year high of $32.80. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $251.73, a P/E ratio of 23.99 and a beta of 0.66.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings data on Thursday, November 9th. The financial services provider reported ($0.17) earnings per share (EPS) for the quarter. Stratus Properties had a negative return on equity of 3.11% and a net margin of 13.16%.

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Stratus Properties by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 547,818 shares of the financial services provider’s stock worth $16,106,000 after buying an additional 7,351 shares during the period. State Street Corp increased its holdings in shares of Stratus Properties by 6.1% during the 2nd quarter. State Street Corp now owns 92,729 shares of the financial services provider’s stock worth $2,730,000 after acquiring an additional 5,329 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Stratus Properties by 12.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,417 shares of the financial services provider’s stock valued at $589,000 after buying an additional 2,156 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Stratus Properties by 24.0% in the 3rd quarter. Wells Fargo & Company MN now owns 10,873 shares of the financial services provider’s stock valued at $330,000 after buying an additional 2,102 shares in the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

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About Stratus Properties

Stratus Properties Inc (Stratus) is a diversified real estate company. The Company is engaged primarily in the acquisition, entitlement, development, management, operation and sale of commercial, hotel, entertainment, and multi- and single-family residential real estate properties, primarily located in the Austin, Texas area, but including projects in certain other select markets in Texas.

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