Stratus Properties Inc. to Issue Special Dividend of $5.00 (NASDAQ:STRS)

Stratus Properties Inc. (NASDAQ:STRS) declared a special dividend on Wednesday, July 1st. Investors of record on Monday, July 13th will be paid a dividend of 5.00 per share by the financial services provider on Monday, July 20th. The ex-dividend date of this dividend is Monday, July 13th.

Stratus Properties Stock Down 4.2%

Shares of STRS traded down $1.21 during mid-day trading on Thursday, reaching $27.55. 194,931 shares of the stock traded hands, compared to its average volume of 32,619. The stock has a fifty day simple moving average of $29.11 and a 200 day simple moving average of $28.67. Stratus Properties has a 12-month low of $15.35 and a 12-month high of $32.93. The firm has a market cap of $219.82 million, a price-to-earnings ratio of 10.35 and a beta of 1.03. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41.

Stratus Properties (NASDAQ:STRS) last posted its earnings results on Tuesday, May 12th. The financial services provider reported $0.82 EPS for the quarter. The company had revenue of $3.79 million during the quarter. Stratus Properties had a return on equity of 6.28% and a net margin of 74.96%.During the same period last year, the company posted ($0.36) earnings per share.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STRS. Wall Street Zen cut Stratus Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.