StockNews.com Begins Coverage on Stratus Properties (NASDAQ:STRS)

Research analysts at StockNews.com began coverage on shares of Stratus Properties (NASDAQ:STRS) in a report issued on Monday. The brokerage set a “sell” rating on the financial services provider’s stock.

Stratus Properties Trading Down 2.4 %

Shares of STRS stock opened at $17.32 on Monday. Stratus Properties has a 52-week low of $17.32 and a 52-week high of $30.66. The business’s fifty day moving average is $18.77 and its 200 day moving average is $21.93. 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 company has a market capitalization of $140.05 million, a PE ratio of 123.71 and a beta of 1.21.

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

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Stratus Properties by 3.8% in the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after buying an additional 5,081 shares during the period. Hodges Capital Management Inc. grew its holdings in Stratus Properties by 46.1% in the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock worth $5,384,000 after acquiring an additional 81,895 shares during the last quarter. Barclays PLC increased its position 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 valued at $191,000 after acquiring an additional 5,411 shares during the period. JPMorgan Chase & Co. increased its position in shares of Stratus Properties by 124.4% in the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 5,323 shares during the period. Finally, Ingalls & Snyder LLC raised its stake in shares of Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after acquiring an additional 2,516 shares during the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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.