Stratus Properties (NASDAQ:STRS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Stratus Properties (NASDAQ:STRS) from a buy rating to a hold rating in a research note published on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Stratus Properties in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Stratus Properties Stock Up 1.7%

Stratus Properties stock opened at $31.57 on Friday. Stratus Properties has a 1-year low of $15.10 and a 1-year high of $32.93. The firm has a market capitalization of $251.93 million, a price-to-earnings ratio of 21.62 and a beta of 1.20. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $30.21 and a 200 day simple moving average of $25.24.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings data on Friday, March 27th. The financial services provider reported $2.41 earnings per share for the quarter. Stratus Properties had a net margin of 40.06% and a return on equity of 3.66%. The business had revenue of $8.30 million during the quarter.

Insider Buying and Selling

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 9,400 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $30.17, for a total value of $283,598.00. Following the completion of the transaction, the insider directly owned 1,119,243 shares of the company’s stock, valued at $33,767,561.31. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 17,965 shares of company stock valued at $541,396. 10.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STRS. Geode Capital Management LLC boosted its holdings in Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 15,896 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Stratus Properties by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,904 shares during the period. JPMorgan Chase & Co. boosted its holdings in Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,985 shares during the period. Vanguard Group Inc. boosted its holdings in Stratus Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after purchasing an additional 7,994 shares during the period. Finally, Hodges Capital Management Inc. boosted its holdings in Stratus Properties by 0.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock valued at $3,093,000 after purchasing an additional 700 shares during the period. 61.63% of the stock is owned by institutional investors.

Stratus Properties Company Profile

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.