Stratus Properties Inc. (NASDAQ:STRS) Sees Large Drop in Short Interest

Stratus Properties Inc. (NASDAQ:STRS) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 65,400 shares, a decline of 16.5% from the December 15th total of 78,300 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is presently 6.7 days. Approximately 1.0% of the company’s stock are short sold.

Stratus Properties Stock Performance

Shares of Stratus Properties stock traded up $0.02 during trading on Thursday, reaching $19.63. The company’s stock had a trading volume of 8,031 shares, compared to its average volume of 8,303. Stratus Properties has a one year low of $18.28 and a one year high of $30.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $158.81 million, a price-to-earnings ratio of 140.21 and a beta of 1.18. The business’s fifty day moving average price is $23.30 and its 200-day moving average price is $24.59.

Insiders Place Their Bets

In other news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of Stratus Properties stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total value of $48,049.25. Following the transaction, the insider now owns 1,139,524 shares of the company’s stock, valued at $30,846,914.68. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 3,859 shares of company stock valued at $104,317 over the last quarter. Insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STRS. Barclays PLC grew its stake in shares of Stratus Properties by 281.2% in the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 5,411 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Stratus Properties by 124.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 5,323 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Stratus Properties by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock valued at $426,000 after buying an additional 997 shares during the period. Tectonic Advisors LLC grew its position in Stratus Properties by 4.7% during the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after buying an additional 1,852 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Stratus Properties by 3.8% during the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock valued at $3,630,000 after acquiring an additional 5,081 shares during the period. 61.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Stratus Properties from a “sell” rating to a “hold” rating in a report on Sunday, December 22nd.

Stratus Properties Company Profile

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.