Stratus Properties (NASDAQ:STRS) Upgraded by StockNews.com to “Hold” Rating

Stratus Properties (NASDAQ:STRS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Stratus Properties Trading Down 2.8 %

NASDAQ STRS opened at $20.21 on Friday. The company has a market capitalization of $163.42 million, a price-to-earnings ratio of 144.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. Stratus Properties has a 12 month low of $20.15 and a 12 month high of $30.66. The company’s fifty day moving average price is $24.43 and its two-hundred day moving average price is $25.16.

Insider Buying and Selling

In related news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $27.07, for a total transaction of $48,049.25. Following the transaction, the insider now directly owns 1,139,524 shares in the company, valued at $30,846,914.68. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 3,859 shares of company stock worth $104,317. Corporate insiders own 9.30% of the company’s stock.

Institutional Trading of Stratus Properties

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Stratus Properties by 281.2% during the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 5,411 shares during the period. Geode Capital Management LLC grew its stake in Stratus Properties by 3.8% during the 3rd 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 last quarter. Hodges Capital Management Inc. increased its position in Stratus Properties by 1.8% in the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock worth $4,612,000 after buying an additional 3,195 shares during the period. Ingalls & Snyder LLC lifted its stake in Stratus Properties by 0.3% in the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after buying an additional 2,516 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in shares of Stratus Properties by 4.7% during the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,065,000 after acquiring an additional 1,852 shares during the period. Institutional investors own 61.63% of the company’s stock.

Stratus Properties Company Profile

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.