James Joseph Sells 3,380 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) Director James Joseph sold 3,380 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $27.77, for a total value of $93,862.60. Following the transaction, the director directly owned 2,286 shares in the company, valued at $63,482.22. The trade was a 59.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stratus Properties Stock Performance

Shares of STRS stock traded up $0.96 on Friday, reaching $27.61. The stock had a trading volume of 74,518 shares, compared to its average volume of 30,412. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70. Stratus Properties Inc. has a 1 year low of $15.35 and a 1 year high of $32.93. The stock has a market cap of $220.33 million, a P/E ratio of 10.46 and a beta of 1.02. The company has a 50 day simple moving average of $29.77 and a 200 day simple moving average of $27.68.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Stratus Properties by 84.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock worth $27,000 after buying an additional 580 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Stratus Properties by 348.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,904 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Stratus Properties in the fourth quarter worth about $93,000. Wells Fargo & Company MN grew its position in shares of Stratus Properties by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 2,367 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Stratus Properties by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,985 shares in the last quarter. Institutional investors own 61.63% of the company’s stock.

About Stratus Properties

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.