Stratus Properties Inc. (NASDAQ:STRS) Director Sells $94,100.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) Director James Joseph sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $18.82, for a total value of $94,100.00. Following the sale, the director directly owned 15,715 shares in the company, valued at $295,756.30. This represents a 24.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Stratus Properties Price Performance

Shares of STRS stock traded up $1.43 during trading hours on Thursday, reaching $20.62. The company's stock had a trading volume of 66,158 shares, compared to its average volume of 9,337. The firm's 50 day simple moving average is $18.82 and its 200-day simple moving average is $18.79. The company has a market capitalization of $166.40 million, a price-to-earnings ratio of -30.32 and a beta of 1.17. Stratus Properties Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $30.66. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.71.

Stratus Properties (NASDAQ:STRS - Get Free Report) last issued its earnings results on Thursday, May 15th. The financial services provider reported ($0.36) earnings per share for the quarter. The business had revenue of $5.04 million during the quarter. Stratus Properties had a negative net margin of 16.72% and a negative return on equity of 1.84%.

Institutional Investors Weigh In On Stratus Properties

A number of large investors have recently modified their holdings of STRS. GAMMA Investing LLC lifted its stake in shares of Stratus Properties by 12,071.4% in the 1st quarter. GAMMA Investing LLC now owns 3,408 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 3,380 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Stratus Properties by 150.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider's stock worth $33,000 after acquiring an additional 946 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Stratus Properties by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider's stock worth $209,000 after acquiring an additional 772 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Stratus Properties in the 4th quarter worth about $390,000. Finally, Bank of America Corp DE raised its position in shares of Stratus Properties by 8.2% in the 4th quarter. Bank of America Corp DE now owns 22,004 shares of the financial services provider's stock worth $457,000 after acquiring an additional 1,670 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Stratus Properties from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.

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.