Stratus Properties (NASDAQ:STRS) Announces Quarterly Earnings Results

Key Points

• Stratus Properties reported earnings of $0.03 per share for the quarter, along with a negative net margin of 16.72% and a negative return on equity of 1.84%.
• The company's stock price increased by 4.1% to $16.35, with a significant trading volume of 25,099 shares.
• Notably, Geode Capital Management LLC raised its stake in Stratus Properties by 11.1%, increasing its ownership to approximately 1.97% of the company.

Stratus Properties (NASDAQ:STRS - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.03 earnings per share for the quarter, Zacks reports. Stratus Properties had a negative net margin of 16.72% and a negative return on equity of 1.84%.

Stratus Properties Stock Up 4.1%

Shares of NASDAQ STRS traded up $0.65 during midday trading on Tuesday, hitting $16.35. The company's stock had a trading volume of 25,099 shares, compared to its average volume of 9,589. The business's fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $18.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.04 and a quick ratio of 1.04. Stratus Properties has a 1 year low of $15.10 and a 1 year high of $28.31. The firm has a market capitalization of $131.95 million, a price-to-earnings ratio of -24.05 and a beta of 1.19.

Insider Activity at Stratus Properties

In related news, Director James Joseph sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $18.82, for a total value of $94,100.00. Following the sale, the director owned 15,715 shares of the company's stock, valued at $295,756.30. This trade represents a 24.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.00% of the company's stock.

Institutional Trading of Stratus Properties

A hedge fund recently raised its stake in Stratus Properties stock. Geode Capital Management LLC grew its stake in shares of Stratus Properties Inc. (NASDAQ:STRS - Free Report) by 11.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,286 shares of the financial services provider's stock after purchasing an additional 15,896 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Stratus Properties worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission. 61.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Stratus Properties from a "hold" rating to a "sell" rating in a research note 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.