Stratus Properties (NASDAQ:STRS) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Stratus Properties (NASDAQ:STRS) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Stratus Properties Trading Up 0.4 %

STRS opened at $24.73 on Friday. Stratus Properties has a fifty-two week low of $20.30 and a fifty-two week high of $30.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $199.97 million, a PE ratio of 176.64 and a beta of 1.15. The company’s 50-day moving average is $24.68 and its 200 day moving average is $25.24.

Insider Buying and Selling at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,911 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $27.00, for a total value of $51,597.00. Following the completion of the sale, the insider now owns 1,141,299 shares in the company, valued at approximately $30,815,073. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 3,859 shares of company stock valued at $104,317 in the last three months. Company insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings 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 worth $191,000 after acquiring an additional 5,411 shares during the period. Geode Capital Management LLC lifted its stake in shares of Stratus Properties by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after purchasing an additional 5,081 shares during the period. Hodges Capital Management Inc. increased its holdings in Stratus Properties by 1.8% during the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after buying an additional 3,195 shares during the last quarter. Ingalls & Snyder LLC grew its position in shares of Stratus Properties by 0.3% during the 3rd 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 period. Finally, Tectonic Advisors LLC increased its stake in shares of Stratus Properties by 4.7% in the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after purchasing an additional 1,852 shares in the last quarter. 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.