Stratus Properties (NASDAQ:STRS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Stratus Properties (NASDAQ:STRS) in a research note released on Tuesday. The firm issued a sell rating on the financial services provider’s stock.

Stratus Properties Stock Performance

Shares of Stratus Properties stock opened at $17.96 on Tuesday. Stratus Properties has a 52 week low of $15.50 and a 52 week high of $30.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $18.62 and a 200-day moving average price of $21.45. The company has a market cap of $144.99 million, a PE ratio of 128.29 and a beta of 0.98.

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

Hedge Funds Weigh In On Stratus Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its position in 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 purchasing an additional 5,411 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Stratus Properties by 3.8% during the 3rd 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. JPMorgan Chase & Co. increased its stake in shares of Stratus Properties by 124.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 5,323 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Stratus Properties by 46.1% during the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock worth $5,384,000 after purchasing an additional 81,895 shares during the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of Stratus Properties by 11.6% in the 4th quarter. Tectonic Advisors LLC now owns 45,716 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 4,743 shares during the period. 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.